UPXI Collar Strategy
UPXI (Upexi, Inc.), in the Communication Services sector, (Internet Content & Information industry), listed on NASDAQ.
Upexi, Inc. manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc. and changed its name to Upexi, Inc. in August 2022. Upexi, Inc. was incorporated in 2018 and is headquartered in Clearwater, Florida.
UPXI (Upexi, Inc.) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $96.4M, a beta of -0.29 versus the broader market, a 52-week range of 0.54-15.5, average daily share volume of 5.2M, a public-listing history dating back to 2021, approximately 64 full-time employees. These structural characteristics shape how UPXI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.29 indicates UPXI 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 UPXI?
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 UPXI snapshot
As of May 15, 2026, spot at $1.44, ATM IV 107.47%, IV rank 21.35%, expected move 30.81%. The collar on UPXI 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 UPXI specifically: IV regime affects collar pricing on both sides; compressed UPXI IV at 107.47% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 30.81% (roughly $0.44 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 UPXI expiries trade a higher absolute premium for lower per-day decay. Position sizing on UPXI should anchor to the underlying notional of $1.44 per share and to the trader's directional view on UPXI stock.
UPXI collar setup
The UPXI 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 UPXI near $1.44, the first option leg uses a $1.51 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UPXI 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 UPXI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $1.44 | long |
| Sell 1 | Call | $1.51 | N/A |
| Buy 1 | Put | $1.37 | N/A |
UPXI 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.
UPXI collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on UPXI. 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 UPXI
Collars on UPXI hedge an existing long UPXI 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.
UPXI thesis for this collar
The market-implied 1-standard-deviation range for UPXI extends from approximately $1.00 on the downside to $1.88 on the upside. A UPXI collar hedges an existing long UPXI 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 UPXI IV rank near 21.35% 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 UPXI at 107.47%. As a Communication Services name, UPXI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UPXI-specific events.
UPXI 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. UPXI positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UPXI alongside the broader basket even when UPXI-specific fundamentals are unchanged. Always rebuild the position from current UPXI chain quotes before placing a trade.
Frequently asked questions
- What is a collar on UPXI?
- A collar on UPXI is the collar strategy applied to UPXI (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 UPXI stock trading near $1.44, the strikes shown on this page are snapped to the nearest listed UPXI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UPXI 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 UPXI collar priced from the end-of-day chain at a 30-day expiry (ATM IV 107.47%), 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 UPXI collar?
- The breakeven for the UPXI 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 UPXI market-implied 1-standard-deviation expected move is approximately 30.81%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on UPXI?
- Collars on UPXI hedge an existing long UPXI 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 UPXI implied volatility affect this collar?
- UPXI ATM IV is at 107.47% with IV rank near 21.35%, 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.