How are PCOR 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 PCOR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is $240.00 per contract and the computed maximum loss is -$260.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a PCOR collar?

The breakeven for the PCOR collar priced on this page is roughly $40.10 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 PCOR market-implied 1-standard-deviation expected move is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current PCOR implied volatility affect this collar?

PCOR ATM IV is at 60.40% with IV rank near 51.31%, 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.

PCOR Collar Strategy

PCOR (Procore Technologies, Inc.), in the Technology sector, (Software - Application industry), listed on NYSE.

Procore Technologies, Inc. delivers a comprehensive, cloud-based platform designed for construction management, along with accompanying software solutions, serving clients both in the United States and globally. This platform empowers a diverse range of stakeholders, including property owners, general and specialty contractors, architects, and engineers, to collaborate seamlessly throughout their construction projects. The company's offerings are structured into several key modules: Preconstruction: This module facilitates streamlined collaboration among internal and external parties during the initial project phases, such as planning, budgeting, estimating, bidding, and selecting partners. Project Management: It enables real-time teamwork, secure information storage, design coordination, BIM model clash detection, and regulatory compliance for both jobsite personnel and back-office teams. Resource Management: This tool assists contractors in scheduling, monitoring, and forecasting labor productivity, improving time management, enhancing workforce communication, and optimizing project profitability. Financial Management: It provides customers with detailed visibility into the fiscal health of individual construction projects and their entire portfolios, ensuring unfettered, real-time access to financial data that bridges the gap between field operations and the main office.

PCOR (Procore Technologies, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $6.32B, a beta of 0.72 versus the broader market, a 52-week range of 38.03-82.315, average daily share volume of 2.7M, a public-listing history dating back to 2021, approximately 4K full-time employees. These structural characteristics shape how PCOR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.72 places PCOR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a collar on PCOR?

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 PCOR snapshot

As of June 30, 2026, spot at $40.35, ATM IV 60.40%, IV rank 51.31%, expected move 17.32%. The collar on PCOR 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 PCOR specifically: IV regime affects collar pricing on both sides; mid-range PCOR IV at 60.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 17.32% (roughly $6.99 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 PCOR expiries trade a higher absolute premium for lower per-day decay. Position sizing on PCOR should anchor to the underlying notional of $40.35 per share and to the trader's directional view on PCOR stock.

PCOR collar setup

The PCOR 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 PCOR near $40.35, the first option leg uses a $42.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PCOR 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 PCOR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$40.35	long
Sell 1	Call	$42.50	$1.25
Buy 1	Put	$37.50	$1.00

PCOR collar risk and reward

Net Premium / Debit: -$4,010.00
Max Profit (per contract): $240.00
Max Loss (per contract): -$260.00
Breakeven(s): $40.10
Risk / Reward Ratio: 0.923

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.

PCOR collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on PCOR. 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%	-$260.00
$8.93	-77.9%	-$260.00
$17.85	-55.8%	-$260.00
$26.77	-33.7%	-$260.00
$35.69	-11.5%	-$260.00
$44.61	+10.6%	+$240.00
$53.53	+32.7%	+$240.00
$62.45	+54.8%	+$240.00
$71.37	+76.9%	+$240.00
$80.29	+99.0%	+$240.00

When traders use collar on PCOR

Collars on PCOR hedge an existing long PCOR 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.

PCOR thesis for this collar

The market-implied 1-standard-deviation range for PCOR extends from approximately $33.36 on the downside to $47.34 on the upside. A PCOR collar hedges an existing long PCOR 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 PCOR IV rank near 51.31% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on PCOR should anchor more to the directional view and the expected-move geometry. As a Technology name, PCOR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PCOR-specific events.

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

Frequently asked questions

What is a collar on PCOR?: A collar on PCOR is the collar strategy applied to PCOR (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 PCOR stock trading near $40.35, the strikes shown on this page are snapped to the nearest listed PCOR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are PCOR 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 PCOR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is $240.00 per contract and the computed maximum loss is -$260.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a PCOR collar?: The breakeven for the PCOR collar priced on this page is roughly $40.10 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 PCOR market-implied 1-standard-deviation expected move is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on PCOR?: Collars on PCOR hedge an existing long PCOR 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 PCOR implied volatility affect this collar?: PCOR ATM IV is at 60.40% with IV rank near 51.31%, 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.