Market data as of Sep 24, 2026 · 1:36 PM · Refreshed Sep 24, 2026 · 1:36 PM
Where do protection tradeoffs sit across the market?
Compare approximately one-year collar outcomes requested at a 10% maximum-loss target across 25 liquid stocks and ETFs. Actual modeled maximum loss varies because listed option strikes and executable pricing are discrete. Click any point to see the structure behind it.
Target values are requested levels. Actual modeled maximum loss may differ because listed option strikes and executable pricing are discrete.
Each point represents one ticker. The scatter is exploratory rather than ranked.
Same downside. Very different max return.
Compare the max return available at different maximum-loss levels across five major investments.
Each point represents a distinct efficient modeled collar. When annualized values are available, loss and return are annualized to a one-year basis so collars modeled across different horizons compare side by side. Actual results depend on current option pricing and available strikes.
Protection doesn't have one shape
Compare how collars, buffers, and covered calls trade protection for max return on the same stock and horizon.
Collar
Max Loss
~8%
Max Return
~22%
NVDA · 357d to expiration
Buffer
Buffer
~9%
Max Return
~45%
NVDA · 357d to expiration
Covered Call
Cushion
~9%
Max Return
~33%
NVDA · 357d to expiration
What does time cost?
Select a maximum-loss target and compare the modeled max return at 90 days, 180 days, and approximately one year.
90 Days
Max Loss
~8%
Max Return
~10%
180 Days
Max Loss
~8%
Max Return
~14%
~1 Year
Max Loss
~8%
Max Return
~21%