MYPS Collar Strategy
MYPS (PLAYSTUDIOS, Inc.), in the Technology sector, (Electronic Gaming & Multimedia industry), listed on NASDAQ.
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.
MYPS (PLAYSTUDIOS, Inc.) trades in the Technology sector, specifically Electronic Gaming & Multimedia, with a market capitalization of approximately $59.0M, a beta of 0.82 versus the broader market, a 52-week range of 0.402-1.599, average daily share volume of 386K, a public-listing history dating back to 2020, approximately 556 full-time employees. These structural characteristics shape how MYPS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.82 places MYPS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a collar on MYPS?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
Current MYPS snapshot
As of May 15, 2026, spot at $0.47, ATM IV 17.50%, IV rank 0.00%, expected move 5.02%. The collar on MYPS below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this collar structure on MYPS specifically: IV regime affects collar pricing on both sides; compressed MYPS IV at 17.50% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 5.02% (roughly $0.02 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MYPS expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYPS should anchor to the underlying notional of $0.47 per share and to the trader's directional view on MYPS stock.
MYPS collar setup
The MYPS collar below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MYPS near $0.47, the first option leg uses a $0.49 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYPS chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 MYPS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $0.47 | long |
| Sell 1 | Call | $0.49 | N/A |
| Buy 1 | Put | $0.45 | N/A |
MYPS collar risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
MYPS collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on MYPS. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use collar on MYPS
Collars on MYPS hedge an existing long MYPS stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
MYPS thesis for this collar
The market-implied 1-standard-deviation range for MYPS extends from approximately $0.45 on the downside to $0.49 on the upside. A MYPS collar hedges an existing long MYPS position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. Current MYPS IV rank near 0.00% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on MYPS at 17.50%. As a Technology name, MYPS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYPS-specific events.
MYPS collar positions are structurally neutral (protective); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. MYPS positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYPS alongside the broader basket even when MYPS-specific fundamentals are unchanged. Always rebuild the position from current MYPS chain quotes before placing a trade.
Frequently asked questions
- What is a collar on MYPS?
- A collar on MYPS is the collar strategy applied to MYPS (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. With MYPS stock trading near $0.47, the strikes shown on this page are snapped to the nearest listed MYPS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MYPS collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the MYPS collar priced from the end-of-day chain at a 30-day expiry (ATM IV 17.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MYPS collar?
- The breakeven for the MYPS collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current MYPS market-implied 1-standard-deviation expected move is approximately 5.02%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on MYPS?
- Collars on MYPS hedge an existing long MYPS stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current MYPS implied volatility affect this collar?
- MYPS ATM IV is at 17.50% with IV rank near 0.00%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.