TII Collar Strategy
TII (Titan Mining Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on AMEX.
Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
TII (Titan Mining Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $300.8M, a beta of -0.02 versus the broader market, a 52-week range of 0.4965-5.65, average daily share volume of 279K, a public-listing history dating back to 2021, approximately 140 full-time employees. These structural characteristics shape how TII stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.02 indicates TII 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 TII?
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 TII snapshot
As of May 15, 2026, spot at $2.50, ATM IV 163.50%, IV rank 51.35%, expected move 46.87%. The collar on TII 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 TII specifically: IV regime affects collar pricing on both sides; mid-range TII IV at 163.50% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 46.87% (roughly $1.17 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 TII expiries trade a higher absolute premium for lower per-day decay. Position sizing on TII should anchor to the underlying notional of $2.50 per share and to the trader's directional view on TII stock.
TII collar setup
The TII 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 TII near $2.50, the first option leg uses a $2.63 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TII 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 TII shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $2.50 | long |
| Sell 1 | Call | $2.63 | N/A |
| Buy 1 | Put | $2.38 | N/A |
TII 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.
TII collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on TII. 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 TII
Collars on TII hedge an existing long TII 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.
TII thesis for this collar
The market-implied 1-standard-deviation range for TII extends from approximately $1.33 on the downside to $3.67 on the upside. A TII collar hedges an existing long TII 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 TII IV rank near 51.35% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on TII should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, TII options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TII-specific events.
TII 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. TII positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TII alongside the broader basket even when TII-specific fundamentals are unchanged. Always rebuild the position from current TII chain quotes before placing a trade.
Frequently asked questions
- What is a collar on TII?
- A collar on TII is the collar strategy applied to TII (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 TII stock trading near $2.50, the strikes shown on this page are snapped to the nearest listed TII chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TII 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 TII collar priced from the end-of-day chain at a 30-day expiry (ATM IV 163.50%), 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 TII collar?
- The breakeven for the TII collar priced on this page is no defined breakeven on the modeled curve 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 TII market-implied 1-standard-deviation expected move is approximately 46.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on TII?
- Collars on TII hedge an existing long TII 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 TII implied volatility affect this collar?
- TII ATM IV is at 163.50% with IV rank near 51.35%, 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.