YEXT Collar Strategy
YEXT (Yext, Inc.), in the Technology sector, (Software - Application industry), listed on NYSE.
Yext, Inc., founded in 2006 and headquartered in New York, New York, specializes in structuring and disseminating critical business information to address consumer queries across North America and globally. The company's core offering is the Yext platform, a cloud-based solution that enables clients to precisely control the facts about their businesses, manage their online content and landing pages, and oversee customer reviews. This is accomplished by leveraging a vast "knowledge network" comprising roughly 200 digital touchpoints, such as mapping services, mobile applications, search engines, intelligent GPS systems, digital assistants, specialized directories, and social media channels, allowing businesses to easily update and maintain their information. The platform facilitates the centralized management of diverse data points, including store details (name, address, phone number, holiday hours), professional credentials (headshots, areas of expertise, educational background), job specifications (title, description), and frequently asked questions. Yext primarily serves organizations within the healthcare, retail, and financial services sectors.
YEXT (Yext, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $533.2M, a trailing P/E of 12.49, a beta of 1.16 versus the broader market, a 52-week range of 3.265-9.2, average daily share volume of 1.7M, a public-listing history dating back to 2017, approximately 1K full-time employees. These structural characteristics shape how YEXT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.16 places YEXT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a collar on YEXT?
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 YEXT snapshot
As of June 30, 2026, spot at $4.71, ATM IV 57.40%, IV rank 11.62%, expected move 16.46%. The collar on YEXT 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 YEXT specifically: IV regime affects collar pricing on both sides; compressed YEXT IV at 57.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 16.46% (roughly $0.78 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 YEXT expiries trade a higher absolute premium for lower per-day decay. Position sizing on YEXT should anchor to the underlying notional of $4.71 per share and to the trader's directional view on YEXT stock.
YEXT collar setup
The YEXT 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 YEXT near $4.71, the first option leg uses a $4.95 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed YEXT 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 YEXT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $4.71 | long |
| Sell 1 | Call | $4.95 | N/A |
| Buy 1 | Put | $4.47 | N/A |
YEXT 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.
YEXT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on YEXT. 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 YEXT
Collars on YEXT hedge an existing long YEXT 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.
YEXT thesis for this collar
The market-implied 1-standard-deviation range for YEXT extends from approximately $3.93 on the downside to $5.49 on the upside. A YEXT collar hedges an existing long YEXT 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 YEXT IV rank near 11.62% 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 YEXT at 57.40%. As a Technology name, YEXT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to YEXT-specific events.
YEXT 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. YEXT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move YEXT alongside the broader basket even when YEXT-specific fundamentals are unchanged. Always rebuild the position from current YEXT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on YEXT?
- A collar on YEXT is the collar strategy applied to YEXT (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 YEXT stock trading near $4.71, the strikes shown on this page are snapped to the nearest listed YEXT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are YEXT 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 YEXT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 57.40%), 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 YEXT collar?
- The breakeven for the YEXT 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 YEXT market-implied 1-standard-deviation expected move is approximately 16.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on YEXT?
- Collars on YEXT hedge an existing long YEXT 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 YEXT implied volatility affect this collar?
- YEXT ATM IV is at 57.40% with IV rank near 11.62%, 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.