How are SKYH 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 SKYH collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.20%), the computed maximum profit is $67.50 per contract and the computed maximum loss is -$32.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SKYH collar?

The breakeven for the SKYH collar priced on this page is roughly $10.33 at expiration, derived from the August 14, 2026 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 SKYH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current SKYH implied volatility affect this collar?

SKYH ATM IV is at 32.20% with IV rank near 2.25%, 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.

SKYH Collar Strategy

SKYH (Sky Harbour Group Corp), in the Real Estate sector, (Real Estate - Development industry), listed on NYSE.

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company’s home basing hangar campuses includes private and semi-private hangars, as well as a suite of services for home based and transient aircraft. The company is based in White Plains, New York.

SKYH (Sky Harbour Group Corp) trades in the Real Estate sector, specifically Real Estate - Development, with a market capitalization of approximately $879.3M, a trailing P/E of 427.55, a beta of 1.31 versus the broader market, a 52-week range of 8.22-11.696, average daily share volume of 152K, a public-listing history dating back to 2020, approximately 112 full-time employees. These structural characteristics shape how SKYH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.31 indicates SKYH has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 427.55 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 SKYH?

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.

SKYH snapshot

As of August 14, 2026, spot at $10.36, ATM IV 32.20%, IV rank 2.25%, expected move 9.23%. The collar on SKYH below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 7-day expiry.

Why this collar structure on SKYH specifically: IV regime affects collar pricing on both sides; compressed SKYH IV at 32.20% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 9.23% (roughly $0.96 on the underlying). The 7-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SKYH expiries trade a higher absolute premium for lower per-day decay. Position sizing on SKYH should anchor to the underlying notional of $10.36 per share and to the trader's directional view on SKYH stock.

SKYH collar setup

The SKYH collar below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With SKYH at $10.36 on that close, the first option leg uses a $11.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SKYH chain at a 7-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 SKYH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$10.36	long
Sell 1	Call	$11.00	$0.16
Buy 1	Put	$10.00	$0.13

SKYH collar risk and reward

Net Premium / Debit: -$1,032.50
Max Profit (per contract): $67.50
Max Loss (per contract): -$32.50
Breakeven(s): $10.33
Risk / Reward Ratio: 2.077

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.

SKYH collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on SKYH. 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	-99.9%	-$32.50
$2.30	-77.8%	-$32.50
$4.59	-55.7%	-$32.50
$6.88	-33.6%	-$32.50
$9.17	-11.5%	-$32.50
$11.46	+10.6%	+$67.50
$13.75	+32.7%	+$67.50
$16.04	+54.8%	+$67.50
$18.33	+76.9%	+$67.50
$20.62	+99.0%	+$67.50

When traders use collar on SKYH

Collars on SKYH hedge an existing long SKYH 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.

SKYH thesis for this collar

The market-implied 1-standard-deviation range for SKYH extends from approximately $9.40 on the downside to $11.32 on the upside. A SKYH collar hedges an existing long SKYH 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 SKYH IV rank near 2.25% 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 SKYH at 32.20%. As a Real Estate name, SKYH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SKYH-specific events.

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

Frequently asked questions

What is a collar on SKYH?: A collar on SKYH is the collar strategy applied to SKYH (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 SKYH stock at $10.36 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed SKYH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are SKYH 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 SKYH collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.20%), the computed maximum profit is $67.50 per contract and the computed maximum loss is -$32.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SKYH collar?: The breakeven for the SKYH collar priced on this page is roughly $10.33 at expiration, derived from the August 14, 2026 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 SKYH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on SKYH?: Collars on SKYH hedge an existing long SKYH 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 SKYH implied volatility affect this collar?: SKYH ATM IV is at 32.20% with IV rank near 2.25%, 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.