TTGT Collar Strategy
TTGT (TechTarget, Inc.), in the Communication Services sector, (Internet Content & Information industry), listed on NASDAQ.
TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation. The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; custom content creation services; and BrightTALK platform that allows customers to create, host and promote webinars, virtual events, and video content. It also operates an integrated content platform that consists of a network of approximately 150 websites, and 1,080 webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. TechTarget, Inc. was incorporated in 1999 and is headquartered in Newton, Massachusetts.
TTGT (TechTarget, Inc.) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $397.3M, a beta of 1.31 versus the broader market, a 52-week range of 3.41-9, average daily share volume of 613K, a public-listing history dating back to 2007, approximately 2K full-time employees. These structural characteristics shape how TTGT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.31 indicates TTGT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a collar on TTGT?
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 TTGT snapshot
As of May 15, 2026, spot at $5.28, ATM IV 197.20%, IV rank 41.59%, expected move 56.54%. The collar on TTGT 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 TTGT specifically: IV regime affects collar pricing on both sides; mid-range TTGT IV at 197.20% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 56.54% (roughly $2.99 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 TTGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on TTGT should anchor to the underlying notional of $5.28 per share and to the trader's directional view on TTGT stock.
TTGT collar setup
The TTGT 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 TTGT near $5.28, the first option leg uses a $5.54 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TTGT 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 TTGT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $5.28 | long |
| Sell 1 | Call | $5.54 | N/A |
| Buy 1 | Put | $5.02 | N/A |
TTGT 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.
TTGT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on TTGT. 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 TTGT
Collars on TTGT hedge an existing long TTGT 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.
TTGT thesis for this collar
The market-implied 1-standard-deviation range for TTGT extends from approximately $2.29 on the downside to $8.27 on the upside. A TTGT collar hedges an existing long TTGT 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 TTGT IV rank near 41.59% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on TTGT should anchor more to the directional view and the expected-move geometry. As a Communication Services name, TTGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TTGT-specific events.
TTGT 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. TTGT positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TTGT alongside the broader basket even when TTGT-specific fundamentals are unchanged. Always rebuild the position from current TTGT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on TTGT?
- A collar on TTGT is the collar strategy applied to TTGT (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 TTGT stock trading near $5.28, the strikes shown on this page are snapped to the nearest listed TTGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TTGT 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 TTGT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 197.20%), 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 TTGT collar?
- The breakeven for the TTGT 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 TTGT market-implied 1-standard-deviation expected move is approximately 56.54%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on TTGT?
- Collars on TTGT hedge an existing long TTGT 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 TTGT implied volatility affect this collar?
- TTGT ATM IV is at 197.20% with IV rank near 41.59%, 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.