VENU Collar Strategy
VENU (Venu Holding Corporation), in the Consumer Cyclical sector, (Restaurants industry), listed on AMEX.
Venu Holding Corporation operates as an enterprise within the entertainment and hospitality sectors. The company specializes in the conceptualization, development, ownership, and management of premium music venues, outdoor concert amphitheatres, and full-service restaurants and bars throughout the United States. Its portfolio encompasses a variety of branded operations: indoor music venues under the "Bourbon Brothers Presents" banner, outdoor performance spaces known as "The Sunset Amphitheater," and a selection of restaurants including "Bourbon Brothers Smokehouse & Tavern," "Notes Eatery," "Roth's Seafood & Chophouse," and "Notes Hospitality Collection." Additionally, the company manages bar establishments under the "Brohan's" brand. Beyond its core properties, Venu Holding Corporation also organizes events and offers its venues for rental. Established in 2017, the corporation is headquartered in Colorado Springs, Colorado. It was formerly known as Notes Live, Inc., officially changing its name to Venu Holding Corporation in September 2024.
VENU (Venu Holding Corporation) trades in the Consumer Cyclical sector, specifically Restaurants, with a market capitalization of approximately $124.0M, a beta of 2.98 versus the broader market, a 52-week range of 2.61-18.17, average daily share volume of 382K, a public-listing history dating back to 2024, approximately 50 full-time employees. These structural characteristics shape how VENU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.98 indicates VENU 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 VENU?
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 VENU snapshot
As of June 30, 2026, spot at $2.19, ATM IV 74.30%, IV rank 24.25%, expected move 21.30%. The collar on VENU 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 17-day expiry.
Why this collar structure on VENU specifically: IV regime affects collar pricing on both sides; compressed VENU IV at 74.30% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 21.30% (roughly $0.47 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VENU expiries trade a higher absolute premium for lower per-day decay. Position sizing on VENU should anchor to the underlying notional of $2.19 per share and to the trader's directional view on VENU stock.
VENU collar setup
The VENU 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 VENU near $2.19, the first option leg uses a $2.30 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VENU chain at a 17-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 VENU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $2.19 | long |
| Sell 1 | Call | $2.30 | N/A |
| Buy 1 | Put | $2.08 | N/A |
VENU 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.
VENU collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on VENU. 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 VENU
Collars on VENU hedge an existing long VENU 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.
VENU thesis for this collar
The market-implied 1-standard-deviation range for VENU extends from approximately $1.72 on the downside to $2.66 on the upside. A VENU collar hedges an existing long VENU 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 VENU IV rank near 24.25% 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 VENU at 74.30%. As a Consumer Cyclical name, VENU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VENU-specific events.
VENU 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. VENU positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VENU alongside the broader basket even when VENU-specific fundamentals are unchanged. Always rebuild the position from current VENU chain quotes before placing a trade.
Frequently asked questions
- What is a collar on VENU?
- A collar on VENU is the collar strategy applied to VENU (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 VENU stock trading near $2.19, the strikes shown on this page are snapped to the nearest listed VENU chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VENU 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 VENU collar priced from the end-of-day chain at a 30-day expiry (ATM IV 74.30%), 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 VENU collar?
- The breakeven for the VENU 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 VENU market-implied 1-standard-deviation expected move is approximately 21.30%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on VENU?
- Collars on VENU hedge an existing long VENU 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 VENU implied volatility affect this collar?
- VENU ATM IV is at 74.30% with IV rank near 24.25%, 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.