UONE Collar Strategy
UONE (Urban One, Inc.), in the Communication Services sector, (Broadcasting industry), listed on NASDAQ.
Urban One, Inc. operates as a leading multi-platform media enterprise in the United States, with a core focus on serving urban audiences. Its diverse operations are structured across four primary divisions: Radio Broadcasting, Cable Television, Reach Media, and Digital. The company's Radio Broadcasting arm, branded as Radio One, specifically targets African-American and urban listeners. By the close of 2021, this extensive network included 64 broadcast stations—comprising 54 FM or AM channels, 8 HD stations, and 2 low-power television outlets—strategically located in 13 major urban markets. In its Cable Television segment, Urban One oversees two dedicated networks: TV One, a channel specifically tailored for African-American viewers, and CLEO TV, which provides lifestyle and entertainment programming. Through its Reach Media segment, the company delivers widely syndicated radio shows, notably "Get Up!
UONE (Urban One, Inc.) trades in the Communication Services sector, specifically Broadcasting, with a market capitalization of approximately $13.0M, a beta of 0.36 versus the broader market, a 52-week range of 5.1-19, average daily share volume of 116K, a public-listing history dating back to 1999, approximately 962 full-time employees. These structural characteristics shape how UONE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.36 indicates UONE 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 UONE?
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 UONE snapshot
As of June 29, 2026, spot at $5.28. The collar on UONE 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 81-day expiry.
Why this collar structure on UONE specifically: IV rank is unavailable in the current snapshot, so regime-based timing for UONE is inferred from ATM IV alone. The 81-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UONE expiries trade a higher absolute premium for lower per-day decay. Position sizing on UONE should anchor to the underlying notional of $5.28 per share and to the trader's directional view on UONE stock.
UONE collar setup
The UONE 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 UONE 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 UONE chain at a 81-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 UONE 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 |
UONE 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.
UONE collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on UONE. 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 UONE
Collars on UONE hedge an existing long UONE 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.
UONE thesis for this collar
A UONE collar hedges an existing long UONE 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. As a Communication Services name, UONE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UONE-specific events.
UONE 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. UONE positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UONE alongside the broader basket even when UONE-specific fundamentals are unchanged. Always rebuild the position from current UONE chain quotes before placing a trade.
Frequently asked questions
- What is a collar on UONE?
- A collar on UONE is the collar strategy applied to UONE (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 UONE stock trading near $5.28, the strikes shown on this page are snapped to the nearest listed UONE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UONE 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 UONE collar priced from the end-of-day chain at a 30-day expiry (ATM IV the current ATM IV), 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 UONE collar?
- The breakeven for the UONE 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.
- When should you consider a collar on UONE?
- Collars on UONE hedge an existing long UONE 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 UONE implied volatility affect this collar?
- Current UONE ATM IV is the current ATM IV; IV rank context is unavailable in the current snapshot.