How are RBRK 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 RBRK collar priced from the end-of-day chain at a 30-day expiry (ATM IV 65.83%), the computed maximum profit is $426.00 per contract and the computed maximum loss is -$374.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a RBRK collar?

The breakeven for the RBRK collar priced on this page is roughly $79.74 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 RBRK market-implied 1-standard-deviation expected move is approximately 18.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current RBRK implied volatility affect this collar?

RBRK ATM IV is at 65.83% with IV rank near 30.91%, 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.

RBRK Collar Strategy

RBRK (Rubrik, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NYSE.

Rubrik, Inc. operates as a global provider of advanced data security solutions, catering to a wide range of individuals and businesses. The company's comprehensive suite of offerings addresses various aspects of data protection, including securing enterprise data, unstructured data, cloud environments, and Software-as-a-Service (SaaS) applications. Beyond foundational protection, Rubrik also furnishes tools for data threat analytics, assessing an organization's security posture, and critical cyber recovery capabilities to aid in post-incident remediation. Rubrik serves an extensive array of sectors, counting financial services, retail, trade, transportation, energy, industrial, healthcare, life sciences, education, technology, media, communications, and government entities among its clientele. Established in 2013, the company was initially known as Scaledata, Inc., rebranding to Rubrik, Inc. in October 2014. Its corporate headquarters are situated in Palo Alto, California.

RBRK (Rubrik, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $14.89B, a beta of 1.10 versus the broader market, a 52-week range of 42.25-99.75, average daily share volume of 3.8M, a public-listing history dating back to 2024, approximately 3K full-time employees. These structural characteristics shape how RBRK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.10 places RBRK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a collar on RBRK?

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 RBRK snapshot

As of June 30, 2026, spot at $80.29, ATM IV 65.83%, IV rank 30.91%, expected move 18.87%. The collar on RBRK 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 31-day expiry.

Why this collar structure on RBRK specifically: IV regime affects collar pricing on both sides; mid-range RBRK IV at 65.83% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 18.87% (roughly $15.15 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated RBRK expiries trade a higher absolute premium for lower per-day decay. Position sizing on RBRK should anchor to the underlying notional of $80.29 per share and to the trader's directional view on RBRK stock.

RBRK collar setup

The RBRK 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 RBRK near $80.29, the first option leg uses a $84.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RBRK chain at a 31-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 RBRK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$80.29	long
Sell 1	Call	$84.00	$4.65
Buy 1	Put	$76.00	$4.10

RBRK collar risk and reward

Net Premium / Debit: -$7,974.00
Max Profit (per contract): $426.00
Max Loss (per contract): -$374.00
Breakeven(s): $79.74
Risk / Reward Ratio: 1.139

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.

RBRK collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on RBRK. 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%	-$374.00
$17.76	-77.9%	-$374.00
$35.51	-55.8%	-$374.00
$53.26	-33.7%	-$374.00
$71.02	-11.6%	-$374.00
$88.77	+10.6%	+$426.00
$106.52	+32.7%	+$426.00
$124.27	+54.8%	+$426.00
$142.02	+76.9%	+$426.00
$159.77	+99.0%	+$426.00

When traders use collar on RBRK

Collars on RBRK hedge an existing long RBRK 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.

RBRK thesis for this collar

The market-implied 1-standard-deviation range for RBRK extends from approximately $65.14 on the downside to $95.44 on the upside. A RBRK collar hedges an existing long RBRK 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 RBRK IV rank near 30.91% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on RBRK should anchor more to the directional view and the expected-move geometry. As a Technology name, RBRK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RBRK-specific events.

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

Frequently asked questions

What is a collar on RBRK?: A collar on RBRK is the collar strategy applied to RBRK (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 RBRK stock trading near $80.29, the strikes shown on this page are snapped to the nearest listed RBRK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are RBRK 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 RBRK collar priced from the end-of-day chain at a 30-day expiry (ATM IV 65.83%), the computed maximum profit is $426.00 per contract and the computed maximum loss is -$374.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a RBRK collar?: The breakeven for the RBRK collar priced on this page is roughly $79.74 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 RBRK market-implied 1-standard-deviation expected move is approximately 18.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on RBRK?: Collars on RBRK hedge an existing long RBRK 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 RBRK implied volatility affect this collar?: RBRK ATM IV is at 65.83% with IV rank near 30.91%, 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.