How are MYRG 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 MYRG collar priced from the end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $2,355.00 per contract and the computed maximum loss is -$2,645.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a MYRG collar?

The breakeven for the MYRG collar priced on this page is roughly $496.45 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 MYRG market-implied 1-standard-deviation expected move is approximately 16.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current MYRG implied volatility affect this collar?

MYRG ATM IV is at 56.90% with IV rank near 65.74%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

MYRG Collar Strategy

MYRG (MYR Group Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NASDAQ.

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors.

MYRG (MYR Group Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $7.44B, a trailing P/E of 52.34, a beta of 1.32 versus the broader market, a 52-week range of 171.51-497.09, average daily share volume of 294K, a public-listing history dating back to 2008, approximately 9K full-time employees. These structural characteristics shape how MYRG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.32 indicates MYRG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 52.34 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a collar on MYRG?

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 MYRG snapshot

As of June 29, 2026, spot at $499.00, ATM IV 56.90%, IV rank 65.74%, expected move 16.31%. The collar on MYRG 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 18-day expiry.

Why this collar structure on MYRG specifically: IV regime affects collar pricing on both sides; mid-range MYRG IV at 56.90% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 16.31% (roughly $81.40 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MYRG expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYRG should anchor to the underlying notional of $499.00 per share and to the trader's directional view on MYRG stock.

MYRG collar setup

The MYRG 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 MYRG near $499.00, the first option leg uses a $520.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYRG chain at a 18-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 MYRG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$499.00	long
Sell 1	Call	$520.00	$16.55
Buy 1	Put	$470.00	$14.00

MYRG collar risk and reward

Net Premium / Debit: -$49,645.00
Max Profit (per contract): $2,355.00
Max Loss (per contract): -$2,645.00
Breakeven(s): $496.45
Risk / Reward Ratio: 0.890

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.

MYRG collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on MYRG. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$2,645.00
$110.34	-77.9%	-$2,645.00
$220.67	-55.8%	-$2,645.00
$331.00	-33.7%	-$2,645.00
$441.33	-11.6%	-$2,645.00
$551.66	+10.6%	+$2,355.00
$661.99	+32.7%	+$2,355.00
$772.32	+54.8%	+$2,355.00
$882.65	+76.9%	+$2,355.00
$992.98	+99.0%	+$2,355.00

When traders use collar on MYRG

Collars on MYRG hedge an existing long MYRG 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.

MYRG thesis for this collar

The market-implied 1-standard-deviation range for MYRG extends from approximately $417.60 on the downside to $580.40 on the upside. A MYRG collar hedges an existing long MYRG 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 MYRG IV rank near 65.74% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on MYRG should anchor more to the directional view and the expected-move geometry. As a Industrials name, MYRG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYRG-specific events.

MYRG 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. MYRG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYRG alongside the broader basket even when MYRG-specific fundamentals are unchanged. Always rebuild the position from current MYRG chain quotes before placing a trade.

Frequently asked questions

What is a collar on MYRG?: A collar on MYRG is the collar strategy applied to MYRG (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 MYRG stock trading near $499.00, the strikes shown on this page are snapped to the nearest listed MYRG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are MYRG 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 MYRG collar priced from the end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $2,355.00 per contract and the computed maximum loss is -$2,645.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MYRG collar?: The breakeven for the MYRG collar priced on this page is roughly $496.45 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 MYRG market-implied 1-standard-deviation expected move is approximately 16.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on MYRG?: Collars on MYRG hedge an existing long MYRG 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 MYRG implied volatility affect this collar?: MYRG ATM IV is at 56.90% with IV rank near 65.74%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.