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How a Protective Collar Works
![Options Collar Guide [Setup, Entry, Adjustments, Exit]](https://assets-global.website-files.com/5fba23eb8789c3c7fcfb5f31/607da30ce034e549e54d6e81_Collar-Strategy-Options-Strategies-Option-Alpha-Handbook.png "Options Collar Guide [Setup, Entry, Adjustments, Exit]")
Options Collar Guide [Setup, Entry, Adjustments, Exit]
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:max_bytes(150000):strip_icc()/collar-final-8cf92d5817a44e9296b3ce605384a25b.jpg "The Collar Options Strategy Explained in Simple Terms")