KLAC Profit Protection
RSI: 54 IV: 54%Current Price: $1516.84 Updated: Apr 2, 2026 9:00 PM ET
Why Protect KLAC Now?
RSI above 70 historically signals mean reversion risk
Trading near moving average support
Modest gains - protection can preserve upside
3 Protection Strategies
Zero-Cost Collar
Sell call to fund put - often $0 net cost
Sell $1720 Call @ $24.50 to buy $1220 Put @ $24.50 for ~$0 net cost.
| Action | Type | Strike | Premium |
|---|---|---|---|
| BUY | PUT | $1220.00 | $24.50 |
| SELL | CALL | $1720.00 | $24.50 |
Protective Put
Buy downside insurance - unlimited upside retained
Insurance against downside - floor at $1410.00
| Action | Type | Strike | Premium |
|---|---|---|---|
| BUY | PUT | $1410.00 | $65.32 |
Covered Call
Generate income - caps upside but cushions downside
Generate income by capping upside at $1700.00
| Action | Type | Strike | Premium |
|---|---|---|---|
| SELL | CALL | $1700.00 | $53.50 |
P&L Comparison (100 Shares)
See how each protection strategy performs compared to holding unhedged shares.
| Scenario | No Protection | Zero-Cost Collar | Protective Put | Covered Call |
|---|---|---|---|---|
| Stock -20% ($1213) | $-30337 | $-29684 | $-17216 | $-24987 |
| Unchanged ($1517) | $0 | $0 | $-6532 | +$5350 |
| Stock +20% ($1820) | +$30337 | +$20316 | +$23805 | +$23666 |
P&L calculated at expiry. Actual results may vary based on time decay and IV changes.
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