{"id":179173,"date":"2021-05-05T03:33:00","date_gmt":"2021-05-05T07:33:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/collar\/"},"modified":"2023-01-22T13:30:53","modified_gmt":"2023-01-22T18:30:53","slug":"collar","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/collar\/","title":{"rendered":"Collar"},"content":{"rendered":"

An options strategy that involve simultaneously buying an out of the money put option and selling an out of the money call option. The put and call must have the same expiration date, the same underlying and the same multiplier, and the put exercise price must be lower than the call exercise price.<\/p>\n","protected":false},"excerpt":{"rendered":"

An options strategy that involve simultaneously buying an out of the money put option and selling an out of the money call option. 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