VOYG Collar Strategy
VOYG (Voyager Technologies, Inc.), in the Industrials sector, (Aerospace & Defense industry), listed on NYSE.
Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, such as missile defense interceptors, kill vehicles, and hypersonic missiles and reentry systems; signal intelligence systems, including software solutions that deliver critical intelligence to the modern warfighter; communication technologies comprising radiation-hardened laser and RF communications systems and advanced electro-optical and digital systems; and guidance, navigation, and control systems consisting of sun sensors, star trackers, and inertial measurement units, as well as artificial intelligence powered edge computing products. The Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including software solutions that deliver critical intelligence to the modern warfighter; and space science and mission management products. The Starlab Space Stations segment operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries.
VOYG (Voyager Technologies, Inc.) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $1.99B, a beta of 1.63 versus the broader market, a 52-week range of 17.41-73.95, average daily share volume of 1.5M, a public-listing history dating back to 2025, approximately 514 full-time employees. These structural characteristics shape how VOYG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.63 indicates VOYG 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 VOYG?
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 VOYG snapshot
As of May 15, 2026, spot at $34.98, ATM IV 98.00%, IV rank 55.61%, expected move 28.10%. The collar on VOYG 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 VOYG specifically: IV regime affects collar pricing on both sides; mid-range VOYG IV at 98.00% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 28.10% (roughly $9.83 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 VOYG expiries trade a higher absolute premium for lower per-day decay. Position sizing on VOYG should anchor to the underlying notional of $34.98 per share and to the trader's directional view on VOYG stock.
VOYG collar setup
The VOYG 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 VOYG near $34.98, the first option leg uses a $37.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VOYG 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 VOYG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $34.98 | long |
| Sell 1 | Call | $37.00 | $3.03 |
| Buy 1 | Put | $33.00 | $3.43 |
VOYG collar risk and reward
- Net Premium / Debit
- -$3,538.00
- Max Profit (per contract)
- $162.00
- Max Loss (per contract)
- -$238.00
- Breakeven(s)
- $35.38
- Risk / Reward Ratio
- 0.681
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.
VOYG collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on VOYG. 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 | -100.0% | -$238.00 |
| $7.74 | -77.9% | -$238.00 |
| $15.48 | -55.8% | -$238.00 |
| $23.21 | -33.6% | -$238.00 |
| $30.94 | -11.5% | -$238.00 |
| $38.68 | +10.6% | +$162.00 |
| $46.41 | +32.7% | +$162.00 |
| $54.14 | +54.8% | +$162.00 |
| $61.88 | +76.9% | +$162.00 |
| $69.61 | +99.0% | +$162.00 |
When traders use collar on VOYG
Collars on VOYG hedge an existing long VOYG 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.
VOYG thesis for this collar
The market-implied 1-standard-deviation range for VOYG extends from approximately $25.15 on the downside to $44.81 on the upside. A VOYG collar hedges an existing long VOYG 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 VOYG IV rank near 55.61% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on VOYG should anchor more to the directional view and the expected-move geometry. As a Industrials name, VOYG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VOYG-specific events.
VOYG 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. VOYG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VOYG alongside the broader basket even when VOYG-specific fundamentals are unchanged. Always rebuild the position from current VOYG chain quotes before placing a trade.
Frequently asked questions
- What is a collar on VOYG?
- A collar on VOYG is the collar strategy applied to VOYG (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 VOYG stock trading near $34.98, the strikes shown on this page are snapped to the nearest listed VOYG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VOYG 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 VOYG collar priced from the end-of-day chain at a 30-day expiry (ATM IV 98.00%), the computed maximum profit is $162.00 per contract and the computed maximum loss is -$238.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a VOYG collar?
- The breakeven for the VOYG collar priced on this page is roughly $35.38 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 VOYG market-implied 1-standard-deviation expected move is approximately 28.10%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on VOYG?
- Collars on VOYG hedge an existing long VOYG 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 VOYG implied volatility affect this collar?
- VOYG ATM IV is at 98.00% with IV rank near 55.61%, 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.