Expectation : Moderately Bullish

Profit When : Up + Stagnant

Risk : Limited

Reward : Limited

Breakeven Pt : (Stock Price + Price of Put) - Price of Call

Max Profit : (Stock price - Strike of Call) - Price of Put

OppiE's Note : Covered Call Collar, or simply Collar, is a covered call with an additional put option for downside protection. This gives the collar limited loss potential. It works only if the premium of the calls are greater than the premium of the puts.