RVI Collar Strategy
RVI (Robinhood Ventures Fund I), in the Financial Services sector, (Asset Management industry), listed on NYSE.
As a venture capital entity, Robinhood Ventures Fund I is dedicated to providing growth equity through direct investments. This fund concentrates its investment efforts solely within the United States.
RVI (Robinhood Ventures Fund I) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $319.3M, a beta of 5.62 versus the broader market, a 52-week range of 21-77.39, average daily share volume of 743K, a public-listing history dating back to 2026. These structural characteristics shape how RVI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 5.62 indicates RVI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. RVI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on RVI?
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.
RVI snapshot
As of August 14, 2026, spot at $28.57, ATM IV 81.40%, IV rank 49.68%, expected move 23.34%. The collar on RVI below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this collar structure on RVI specifically: IV regime affects collar pricing on both sides; mid-range RVI IV at 81.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 23.34% (roughly $6.67 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated RVI expiries trade a higher absolute premium for lower per-day decay. Position sizing on RVI should anchor to the underlying notional of $28.57 per share and to the trader's directional view on RVI stock.
RVI collar setup
The RVI 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 RVI at $28.57 on that close, the first option leg uses a $30.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RVI chain at a 35-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 RVI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $28.57 | long |
| Sell 1 | Call | $30.00 | N/A |
| Buy 1 | Put | $27.14 | N/A |
RVI collar risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
RVI collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on RVI. 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.
When traders use collar on RVI
Collars on RVI hedge an existing long RVI 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.
RVI thesis for this collar
The market-implied 1-standard-deviation range for RVI extends from approximately $21.90 on the downside to $35.24 on the upside. A RVI collar hedges an existing long RVI 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 RVI IV rank near 49.68% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on RVI should anchor more to the directional view and the expected-move geometry. As a Financial Services name, RVI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RVI-specific events.
RVI 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. RVI positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RVI alongside the broader basket even when RVI-specific fundamentals are unchanged. Always rebuild the position from current RVI chain quotes before placing a trade.
Frequently asked questions
- What is a collar on RVI?
- A collar on RVI is the collar strategy applied to RVI (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 RVI stock at $28.57 on the most recent close, the strikes shown on this page are snapped to the nearest listed RVI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are RVI 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 RVI collar priced from the end-of-day chain at a 30-day expiry (ATM IV 81.40%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a RVI collar?
- The breakeven for the RVI collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The RVI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.34%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on RVI?
- Collars on RVI hedge an existing long RVI 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 RVI implied volatility affect this collar?
- RVI ATM IV is at 81.40% with IV rank near 49.68%, 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.