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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.
Mountain bike chainstay protectors or chainstay guards are an important protection item for your bike. Theyâre there to ensure your chainstay keeps in good condition and doesnât get damaged from constant chain strikes.