NYSX Collar Strategy
NYSX (Global X - NYSE 100 ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
The Global X NYSE 100 ETF, traded under the symbol NYSX, endeavors to replicate the financial performance of the NYSE 100 Index. Its goal is to achieve investment returns that closely mirror both the capital appreciation and dividend income generated by the index, prior to the subtraction of any management fees or operational costs.
NYSX (Global X - NYSE 100 ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $1.2M, a beta of 0.00 versus the broader market, a 52-week range of 93.2561-132.062, average daily share volume of 4K, a public-listing history dating back to 2026. These structural characteristics shape how NYSX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.00 indicates NYSX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a collar on NYSX?
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 NYSX snapshot
As of June 30, 2026, spot at $128.63, ATM IV 22.40%, expected move 6.42%. The collar on NYSX 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 17-day expiry.
Why this collar structure on NYSX specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NYSX is inferred from ATM IV at 22.40% alone, with a market-implied 1-standard-deviation move of approximately 6.42% (roughly $8.26 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NYSX expiries trade a higher absolute premium for lower per-day decay. Position sizing on NYSX should anchor to the underlying notional of $128.63 per share and to the trader's directional view on NYSX stock.
NYSX collar setup
The NYSX 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 NYSX near $128.63, the first option leg uses a $135.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NYSX chain at a 17-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 NYSX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $128.63 | long |
| Sell 1 | Call | $135.00 | $0.30 |
| Buy 1 | Put | $122.00 | $0.87 |
NYSX collar risk and reward
- Net Premium / Debit
- -$12,920.00
- Max Profit (per contract)
- $580.00
- Max Loss (per contract)
- -$720.00
- Breakeven(s)
- $129.20
- Risk / Reward Ratio
- 0.806
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.
NYSX collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on NYSX. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$720.00 |
| $28.45 | -77.9% | -$720.00 |
| $56.89 | -55.8% | -$720.00 |
| $85.33 | -33.7% | -$720.00 |
| $113.77 | -11.6% | -$720.00 |
| $142.21 | +10.6% | +$580.00 |
| $170.65 | +32.7% | +$580.00 |
| $199.09 | +54.8% | +$580.00 |
| $227.53 | +76.9% | +$580.00 |
| $255.97 | +99.0% | +$580.00 |
When traders use collar on NYSX
Collars on NYSX hedge an existing long NYSX 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.
NYSX thesis for this collar
The market-implied 1-standard-deviation range for NYSX extends from approximately $120.37 on the downside to $136.89 on the upside. A NYSX collar hedges an existing long NYSX 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, NYSX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NYSX-specific events.
NYSX 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. NYSX positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NYSX alongside the broader basket even when NYSX-specific fundamentals are unchanged. Always rebuild the position from current NYSX chain quotes before placing a trade.
Frequently asked questions
- What is a collar on NYSX?
- A collar on NYSX is the collar strategy applied to NYSX (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 NYSX stock trading near $128.63, the strikes shown on this page are snapped to the nearest listed NYSX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NYSX 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 NYSX collar priced from the end-of-day chain at a 30-day expiry (ATM IV 22.40%), the computed maximum profit is $580.00 per contract and the computed maximum loss is -$720.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a NYSX collar?
- The breakeven for the NYSX collar priced on this page is roughly $129.20 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 NYSX market-implied 1-standard-deviation expected move is approximately 6.42%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on NYSX?
- Collars on NYSX hedge an existing long NYSX 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 NYSX implied volatility affect this collar?
- Current NYSX ATM IV is 22.40%; IV rank context is unavailable in the current snapshot.