10 Minute Read

Tackle Today: “Matt, I want you to pop your collar.”

July 30, 2019

By | No Comments

Tackle Today: “Matt, I want you to pop your collar.”

≈ “I am not popping my collar.” ≈

I guess younger siblings have at least one clear goal in life: to pester the older ones.

— “Matt, here’s what I want you to do. I want you to pop your collar before we leave.”
— “I am not popping my collar.”
— “Pop your collar, just one time.”
— “No.”
— “Pop your collar.”

This brief dialog between Coaches Tim and Matt contains everything you need you to know in order to fully understand the relationship between siblings. It took place during the last five minutes of Episode 277: Market Skyline, on July 9th, 2018, available on YouTube.

We’re in the middle of the earnings season and, not only that but we are also having the Federal Funds Rate tomorrow. Such a busy and unpredictable week requires you to take at least one action: pop your collar. Not that type of collar, I mean the Collar Strategy.

The Collar is an extension of the Covered Call, however, in addition to buying the stock and selling the short term OTM call option, we will also buy a protective put option.

Collar = 100 shares + 1 put – 1 call

One simple formula, one powerful strategy.

In tonight’s Coaches Show, we will be covering the Collar Strategy from the new Tackle Trading Playbook. Attend so you can learn the intricacies of this interesting options play: definition, philosophy, construction, and management.

Not a Pro member? Visit this link to pop your collar with #TeamTackle.

Chart of the Day

Pop your collar

Chart of the Day: Collar risk graph | Tackle Trading Playbook

The image above is a simplified representation of the Collar risk graph. The limited reward comes from the Covered Call. The risk mitigation part of the strategy comes from the Protective Put.

Pop your collar on the Coaches Show tonight at 8:30 PM EST.
Access the webinar here.

Video of the day

What is a Collar Option Strategy

The Collar is a neutral protective options strategy that involves simultaneously buying OTM Puts and selling OTM Calls against a specific holding in your portfolio (a long position).

Today’s line up

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

Join coaches Tyler Craig and Grant Larsen tonight, 8:30pm EST to discuss the Collar strategy from the new Tackle Trading Playbook and help you prepare for the earnings season.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

Sign up now for a 15-DAY FREE TRIAL #

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

Chart Modal

Tackle Trading

4th Of July Sale

Financial Independence Day

Celebrate Independence Day and save up to –33% on these awesome Tackle Trading products!

Offer ends in