How are ROG 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 ROG collar priced from the end-of-day chain at a 30-day expiry (ATM IV 38.40%), the computed maximum profit is $468.00 per contract and the computed maximum loss is -$532.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ROG collar?

The breakeven for the ROG collar priced on this page is roughly $140.32 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 ROG market-implied 1-standard-deviation expected move is approximately 11.01%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ROG implied volatility affect this collar?

ROG ATM IV is at 38.40% with IV rank near 18.35%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

ROG Collar Strategy

ROG (Rogers Corporation), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NYSE.

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names.

ROG (Rogers Corporation) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $2.55B, a beta of 0.52 versus the broader market, a 52-week range of 61.17-144.46, average daily share volume of 213K, a public-listing history dating back to 1980, approximately 3K full-time employees. These structural characteristics shape how ROG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.52 indicates ROG 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 ROG?

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 ROG snapshot

As of May 15, 2026, spot at $140.27, ATM IV 38.40%, IV rank 18.35%, expected move 11.01%. The collar on ROG 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 34-day expiry.

Why this collar structure on ROG specifically: IV regime affects collar pricing on both sides; compressed ROG IV at 38.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 11.01% (roughly $15.44 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ROG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ROG should anchor to the underlying notional of $140.27 per share and to the trader's directional view on ROG stock.

ROG collar setup

The ROG 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 ROG near $140.27, the first option leg uses a $145.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ROG chain at a 34-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 ROG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$140.27	long
Sell 1	Call	$145.00	$4.35
Buy 1	Put	$135.00	$4.40

ROG collar risk and reward

Net Premium / Debit: -$14,032.00
Max Profit (per contract): $468.00
Max Loss (per contract): -$532.00
Breakeven(s): $140.32
Risk / Reward Ratio: 0.880

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.

ROG collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on ROG. 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%	-$532.00
$31.02	-77.9%	-$532.00
$62.04	-55.8%	-$532.00
$93.05	-33.7%	-$532.00
$124.06	-11.6%	-$532.00
$155.08	+10.6%	+$468.00
$186.09	+32.7%	+$468.00
$217.10	+54.8%	+$468.00
$248.12	+76.9%	+$468.00
$279.13	+99.0%	+$468.00

When traders use collar on ROG

Collars on ROG hedge an existing long ROG 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.

ROG thesis for this collar

The market-implied 1-standard-deviation range for ROG extends from approximately $124.83 on the downside to $155.71 on the upside. A ROG collar hedges an existing long ROG 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 ROG IV rank near 18.35% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on ROG at 38.40%. As a Technology name, ROG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ROG-specific events.

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

Frequently asked questions

What is a collar on ROG?: A collar on ROG is the collar strategy applied to ROG (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 ROG stock trading near $140.27, the strikes shown on this page are snapped to the nearest listed ROG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ROG 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 ROG collar priced from the end-of-day chain at a 30-day expiry (ATM IV 38.40%), the computed maximum profit is $468.00 per contract and the computed maximum loss is -$532.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ROG collar?: The breakeven for the ROG collar priced on this page is roughly $140.32 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 ROG market-implied 1-standard-deviation expected move is approximately 11.01%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on ROG?: Collars on ROG hedge an existing long ROG 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 ROG implied volatility affect this collar?: ROG ATM IV is at 38.40% with IV rank near 18.35%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.