What is a Collar Put Spread?

I have a current long stock trade on $OPK and I received several inquiries today regarding an adjustment I made today:

20131015-181453.jpg

Let me break it down:

I am short the November 13 Calls
I am long the November 12/10 Put Spread
These 3 pieces make a Collar PS or a Collar Put Spread

Leave a Reply

Your email address will not be published.