NRGV Collar Strategy
NRGV (Energy Vault Holdings, Inc.), in the Industrials sector, (Electrical Equipment & Parts industry), listed on NYSE.
Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.
NRGV (Energy Vault Holdings, Inc.) trades in the Industrials sector, specifically Electrical Equipment & Parts, with a market capitalization of approximately $686.9M, a beta of 1.22 versus the broader market, a 52-week range of 1.4-6.645, average daily share volume of 5.4M, a public-listing history dating back to 2021, approximately 142 full-time employees. These structural characteristics shape how NRGV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places NRGV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a collar on NRGV?
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.
NRGV snapshot
As of August 14, 2026, spot at $3.77, ATM IV 114.40%, IV rank 50.14%, expected move 32.80%. The collar on NRGV below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this collar structure on NRGV specifically: IV regime affects collar pricing on both sides; mid-range NRGV IV at 114.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 32.80% (roughly $1.24 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NRGV expiries trade a higher absolute premium for lower per-day decay. Position sizing on NRGV should anchor to the underlying notional of $3.77 per share and to the trader's directional view on NRGV stock.
NRGV collar setup
The NRGV 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 NRGV at $3.77 on that close, the first option leg uses a $3.96 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NRGV chain at a 35-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 NRGV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $3.77 | long |
| Sell 1 | Call | $3.96 | N/A |
| Buy 1 | Put | $3.58 | N/A |
NRGV 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.
NRGV collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on NRGV. 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 NRGV
Collars on NRGV hedge an existing long NRGV 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.
NRGV thesis for this collar
The market-implied 1-standard-deviation range for NRGV extends from approximately $2.53 on the downside to $5.01 on the upside. A NRGV collar hedges an existing long NRGV 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 NRGV IV rank near 50.14% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on NRGV should anchor more to the directional view and the expected-move geometry. As a Industrials name, NRGV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NRGV-specific events.
NRGV 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. NRGV positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NRGV alongside the broader basket even when NRGV-specific fundamentals are unchanged. Always rebuild the position from current NRGV chain quotes before placing a trade.
Frequently asked questions
- What is a collar on NRGV?
- A collar on NRGV is the collar strategy applied to NRGV (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 NRGV stock at $3.77 on the most recent close, the strikes shown on this page are snapped to the nearest listed NRGV chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are NRGV 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 NRGV collar priced from the end-of-day chain at a 30-day expiry (ATM IV 114.40%), 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 NRGV collar?
- The breakeven for the NRGV collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The NRGV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 32.80%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on NRGV?
- Collars on NRGV hedge an existing long NRGV 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 NRGV implied volatility affect this collar?
- NRGV ATM IV is at 114.40% with IV rank near 50.14%, 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.