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What is a 'Collar'. A collar is a protective options strategy that is implemented after a long position in a stock has experienced substantial gains. An investor can create a collar position by purchasing an out-of-the-money put option while he simultaneously writes an out-of-the-money call option. A collar is also known as hedge wrapper.
Slug Collars / Hosta Halos-Protect your plants from slugs and snails with these Slug Collars, which are designed to slip over the tender shoots of hostas, delphiniums and other herbaceous plants.