UAMY Collar Strategy
UAMY (United States Antimony Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on NYSE.
United States Antimony Corporation produces and sells antimony, silver, gold, and zeolite products in the United States and Canada. The company's Antimony division offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper. Its antimony oxide is also used as a color fastener in paints; as a catalyst for the production of polyester resins for fibers and films; as a catalyst for the production of polyethelene pthalate in plastic bottles; as a phosphorescent agent in fluorescent light bulbs; and as an opacifier for porcelains. In addition, this division offers sodium antimonite; and antimony metal for use in bearings, storage batteries, and ordnance; and precious metals. The company's Zeolite division provides zeolite deposits for soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, and animal nutrition applications. Its zeolite products also have applications in catalysts, petroleum refining, concrete, solar energy and heat exchange, desiccants, pellet binding, horse and kitty litter, and floor cleaners, as well as carriers for insecticides, pesticides, and herbicides.
UAMY (United States Antimony Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $1.43B, a beta of 0.44 versus the broader market, a 52-week range of 1.94-19.71, average daily share volume of 12.7M, a public-listing history dating back to 2000, approximately 60 full-time employees. These structural characteristics shape how UAMY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.44 indicates UAMY 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 UAMY?
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 UAMY snapshot
As of May 15, 2026, spot at $8.64, ATM IV 115.63%, IV rank 26.63%, expected move 33.15%. The collar on UAMY 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 28-day expiry.
Why this collar structure on UAMY specifically: IV regime affects collar pricing on both sides; compressed UAMY IV at 115.63% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 33.15% (roughly $2.86 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UAMY expiries trade a higher absolute premium for lower per-day decay. Position sizing on UAMY should anchor to the underlying notional of $8.64 per share and to the trader's directional view on UAMY stock.
UAMY collar setup
The UAMY 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 UAMY near $8.64, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UAMY chain at a 28-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 UAMY shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $8.64 | long |
| Sell 1 | Call | $9.00 | $0.98 |
| Buy 1 | Put | $8.00 | $0.73 |
UAMY collar risk and reward
- Net Premium / Debit
- -$839.00
- Max Profit (per contract)
- $61.00
- Max Loss (per contract)
- -$39.00
- Breakeven(s)
- $8.39
- Risk / Reward Ratio
- 1.564
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.
UAMY collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on UAMY. 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 | -99.9% | -$39.00 |
| $1.92 | -77.8% | -$39.00 |
| $3.83 | -55.7% | -$39.00 |
| $5.74 | -33.6% | -$39.00 |
| $7.65 | -11.5% | -$39.00 |
| $9.56 | +10.6% | +$61.00 |
| $11.47 | +32.7% | +$61.00 |
| $13.37 | +54.8% | +$61.00 |
| $15.28 | +76.9% | +$61.00 |
| $17.19 | +99.0% | +$61.00 |
When traders use collar on UAMY
Collars on UAMY hedge an existing long UAMY 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.
UAMY thesis for this collar
The market-implied 1-standard-deviation range for UAMY extends from approximately $5.78 on the downside to $11.50 on the upside. A UAMY collar hedges an existing long UAMY 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 UAMY IV rank near 26.63% 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 UAMY at 115.63%. As a Basic Materials name, UAMY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UAMY-specific events.
UAMY 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. UAMY positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UAMY alongside the broader basket even when UAMY-specific fundamentals are unchanged. Always rebuild the position from current UAMY chain quotes before placing a trade.
Frequently asked questions
- What is a collar on UAMY?
- A collar on UAMY is the collar strategy applied to UAMY (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 UAMY stock trading near $8.64, the strikes shown on this page are snapped to the nearest listed UAMY chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UAMY 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 UAMY collar priced from the end-of-day chain at a 30-day expiry (ATM IV 115.63%), the computed maximum profit is $61.00 per contract and the computed maximum loss is -$39.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a UAMY collar?
- The breakeven for the UAMY collar priced on this page is roughly $8.39 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 UAMY market-implied 1-standard-deviation expected move is approximately 33.15%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on UAMY?
- Collars on UAMY hedge an existing long UAMY 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 UAMY implied volatility affect this collar?
- UAMY ATM IV is at 115.63% with IV rank near 26.63%, 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.