How are PLXS 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 PLXS collar priced from the end-of-day chain at a 30-day expiry (ATM IV 41.40%), the computed maximum profit is $2,068.50 per contract and the computed maximum loss is -$931.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a PLXS collar?

The breakeven for the PLXS collar priced on this page is roughly $279.32 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 PLXS market-implied 1-standard-deviation expected move is approximately 11.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current PLXS implied volatility affect this collar?

PLXS ATM IV is at 41.40% with IV rank near 54.53%, 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.

PLXS Collar Strategy

PLXS (Plexus Corp.), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NASDAQ.

Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions, Plexus Corp. and its subsidiaries specialize in delivering advanced electronic manufacturing solutions. The company provides a comprehensive range of services, including design and development, efficient supply chain management, support for new product introductions, and core manufacturing capabilities, alongside essential aftermarket services. These offerings are tailored for businesses in key market segments such as healthcare/life sciences, industrial/commercial, aerospace/defense, and communications. Established in 1979, Plexus Corp. maintains its corporate headquarters in Neenah, Wisconsin.

PLXS (Plexus Corp.) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $7.69B, a trailing P/E of 41.02, a beta of 0.90 versus the broader market, a 52-week range of 115.35-307.06, average daily share volume of 323K, a public-listing history dating back to 1986, approximately 20K full-time employees. These structural characteristics shape how PLXS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.90 places PLXS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 41.02 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 PLXS?

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 PLXS snapshot

As of June 29, 2026, spot at $286.69, ATM IV 41.40%, IV rank 54.53%, expected move 11.87%. The collar on PLXS 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 PLXS specifically: IV regime affects collar pricing on both sides; mid-range PLXS IV at 41.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 11.87% (roughly $34.03 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 PLXS expiries trade a higher absolute premium for lower per-day decay. Position sizing on PLXS should anchor to the underlying notional of $286.69 per share and to the trader's directional view on PLXS stock.

PLXS collar setup

The PLXS 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 PLXS near $286.69, the first option leg uses a $300.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PLXS 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 PLXS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$286.69	long
Sell 1	Call	$300.00	$9.85
Buy 1	Put	$270.00	$2.48

PLXS collar risk and reward

Net Premium / Debit: -$27,931.50
Max Profit (per contract): $2,068.50
Max Loss (per contract): -$931.50
Breakeven(s): $279.32
Risk / Reward Ratio: 2.221

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.

PLXS collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on PLXS. 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%	-$931.50
$63.40	-77.9%	-$931.50
$126.79	-55.8%	-$931.50
$190.17	-33.7%	-$931.50
$253.56	-11.6%	-$931.50
$316.95	+10.6%	+$2,068.50
$380.34	+32.7%	+$2,068.50
$443.72	+54.8%	+$2,068.50
$507.11	+76.9%	+$2,068.50
$570.50	+99.0%	+$2,068.50

When traders use collar on PLXS

Collars on PLXS hedge an existing long PLXS 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.

PLXS thesis for this collar

The market-implied 1-standard-deviation range for PLXS extends from approximately $252.66 on the downside to $320.72 on the upside. A PLXS collar hedges an existing long PLXS 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 PLXS IV rank near 54.53% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on PLXS should anchor more to the directional view and the expected-move geometry. As a Technology name, PLXS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PLXS-specific events.

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

Frequently asked questions

What is a collar on PLXS?: A collar on PLXS is the collar strategy applied to PLXS (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 PLXS stock trading near $286.69, the strikes shown on this page are snapped to the nearest listed PLXS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are PLXS 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 PLXS collar priced from the end-of-day chain at a 30-day expiry (ATM IV 41.40%), the computed maximum profit is $2,068.50 per contract and the computed maximum loss is -$931.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a PLXS collar?: The breakeven for the PLXS collar priced on this page is roughly $279.32 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 PLXS market-implied 1-standard-deviation expected move is approximately 11.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on PLXS?: Collars on PLXS hedge an existing long PLXS 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 PLXS implied volatility affect this collar?: PLXS ATM IV is at 41.40% with IV rank near 54.53%, 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.