How are WSC 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 WSC collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 46.00%), the computed maximum profit is $160.50 per contract and the computed maximum loss is -$89.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a WSC collar?

The breakeven for the WSC collar priced on this page is roughly $23.40 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The WSC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.19%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current WSC implied volatility affect this collar?

WSC ATM IV is at 46.00% with IV rank near 3.15%, 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.

WSC Collar Strategy

WSC (WillScot Holdings Corporation), in the Industrials sector, (Rental & Leasing Services industry), listed on NASDAQ.

WillScot Holdings Corporation (WSC) is a leading provider of adaptable workspace and mobile storage solutions throughout the United States, Canada, and Mexico. The company's operations are divided into two core divisions: Modular Solutions and Storage Solutions. The Modular Solutions segment offers a diverse range of temporary structures, including pre-fabricated and stackable office units, single-wide and sectional modular spaces (such as redi-plex), educational facilities like classrooms, ground-level offices, specialized blast-resistant modules, and expansive clearspan structures. Complementing this, their Storage Solutions segment supplies various portable containers, including refrigerated units, alongside different types of trailers. WillScot leases these flexible modular spaces and portable storage units to a broad spectrum of clients across industries such as construction, commercial and industrial enterprises, retail and wholesale trade, energy and natural resources, education, governmental and institutional bodies, and healthcare. The company primarily markets its offerings under the well-known WillScot and Mobile Mini brand names.

WSC (WillScot Holdings Corporation) trades in the Industrials sector, specifically Rental & Leasing Services, with a market capitalization of approximately $4.30B, a beta of 1.33 versus the broader market, a 52-week range of 14.91-29.77, average daily share volume of 2.5M, a public-listing history dating back to 2015, approximately 5K full-time employees. These structural characteristics shape how WSC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.33 indicates WSC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. WSC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on WSC?

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.

WSC snapshot

As of August 14, 2026, spot at $24.02, ATM IV 46.00%, IV rank 3.15%, expected move 13.19%. The collar on WSC below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 126-day expiry.

Why this collar structure on WSC specifically: IV regime affects collar pricing on both sides; compressed WSC IV at 46.00% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 13.19% (roughly $3.17 on the underlying). The 126-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated WSC expiries trade a higher absolute premium for lower per-day decay. Position sizing on WSC should anchor to the underlying notional of $24.02 per share and to the trader's directional view on WSC stock.

WSC collar setup

The WSC collar below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With WSC at $24.02 on that close, the first option leg uses a $25.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WSC chain at a 126-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 WSC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$24.02	long
Sell 1	Call	$25.00	$2.58
Buy 1	Put	$22.50	$1.95

WSC collar risk and reward

Net Premium / Debit: -$2,339.50
Max Profit (per contract): $160.50
Max Loss (per contract): -$89.50
Breakeven(s): $23.40
Risk / Reward Ratio: 1.793

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.

WSC collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on WSC. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$89.50
$5.32	-77.9%	-$89.50
$10.63	-55.7%	-$89.50
$15.94	-33.6%	-$89.50
$21.25	-11.5%	-$89.50
$26.56	+10.6%	+$160.50
$31.87	+32.7%	+$160.50
$37.18	+54.8%	+$160.50
$42.49	+76.9%	+$160.50
$47.80	+99.0%	+$160.50

When traders use collar on WSC

Collars on WSC hedge an existing long WSC 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.

WSC thesis for this collar

The market-implied 1-standard-deviation range for WSC extends from approximately $20.85 on the downside to $27.19 on the upside. A WSC collar hedges an existing long WSC 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 WSC IV rank near 3.15% 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 WSC at 46.00%. As a Industrials name, WSC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WSC-specific events.

WSC 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. WSC positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move WSC alongside the broader basket even when WSC-specific fundamentals are unchanged. Always rebuild the position from current WSC chain quotes before placing a trade.

Frequently asked questions

What is a collar on WSC?: A collar on WSC is the collar strategy applied to WSC (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 WSC stock at $24.02 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed WSC chain strike and the premiums come straight from that session's bid/ask midpoint.
How are WSC 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 WSC collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 46.00%), the computed maximum profit is $160.50 per contract and the computed maximum loss is -$89.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WSC collar?: The breakeven for the WSC collar priced on this page is roughly $23.40 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The WSC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.19%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on WSC?: Collars on WSC hedge an existing long WSC 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 WSC implied volatility affect this collar?: WSC ATM IV is at 46.00% with IV rank near 3.15%, 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.