NSLR Collar Strategy
NSLR (Neostellar Capital Corp.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
Neostellar Capital Corp. is a venture capital, mezzanine, secondary(direct) and business development company specializing in growth capital, emerging growth, late stage and venture capital-backed private companies. It prefers to invest in energy and utilities, consumer, technology, media and communication sectors. The company prefers to invest in United States of America and Canada. The firm only seeks minority stakes. Neostellar Capital Corp. was formerly known as SuRo Capital Corp. and changed its name to Neostellar Capital Corp. in July 2026. The company was founded in 2010 and is based in San Francisco, California.
NSLR (Neostellar Capital Corp.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $287.0M, a trailing P/E of 1.97, a beta of 1.41 versus the broader market, a 52-week range of 8.28-14.98, average daily share volume of 297K, a public-listing history dating back to 2011, approximately 9 full-time employees. These structural characteristics shape how NSLR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.41 indicates NSLR 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 1.97 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a collar on NSLR?
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.
NSLR snapshot
As of August 14, 2026, spot at $10.57, ATM IV 48.50%, expected move 13.90%. The collar on NSLR 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 NSLR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NSLR is inferred from ATM IV at 48.50% alone, with a market-implied 1-standard-deviation move of approximately 13.90% (roughly $1.47 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 NSLR expiries trade a higher absolute premium for lower per-day decay. Position sizing on NSLR should anchor to the underlying notional of $10.57 per share and to the trader's directional view on NSLR stock.
NSLR collar setup
The NSLR 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 NSLR at $10.57 on that close, the first option leg uses a $11.10 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NSLR 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 NSLR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $10.57 | long |
| Sell 1 | Call | $11.10 | N/A |
| Buy 1 | Put | $10.04 | N/A |
NSLR 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.
NSLR collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on NSLR. 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 NSLR
Collars on NSLR hedge an existing long NSLR 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.
NSLR thesis for this collar
The market-implied 1-standard-deviation range for NSLR extends from approximately $9.10 on the downside to $12.04 on the upside. A NSLR collar hedges an existing long NSLR 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. As a Financial Services name, NSLR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NSLR-specific events.
NSLR 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. NSLR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NSLR alongside the broader basket even when NSLR-specific fundamentals are unchanged. Always rebuild the position from current NSLR chain quotes before placing a trade.
Frequently asked questions
- What is a collar on NSLR?
- A collar on NSLR is the collar strategy applied to NSLR (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 NSLR stock at $10.57 on the most recent close, the strikes shown on this page are snapped to the nearest listed NSLR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are NSLR 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 NSLR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 48.50%), 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 NSLR collar?
- The breakeven for the NSLR 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 NSLR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on NSLR?
- Collars on NSLR hedge an existing long NSLR 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 NSLR implied volatility affect this collar?
- Current NSLR ATM IV is 48.50%; IV rank context is unavailable in the current snapshot.