Would someone please advise me to the software or website that tracks the very best collar trades for stocks. Price of XYZ 100 Example A Long 100 shares at 100 Long Dec 100 put for 4 Short Dec 105 call for 3 Example B Long 100 shares at 100 Long Dec 100 put for 8 Short Dec 105 call for 5 I don't know what the fancy name is when the market is most favorable for a collar trade. Obviously everyone wants to be able to have a riskfree postion right from the start or at least the trade most in our favor from the get go. Above is the same trade with different premiums. I'm looking for something to scan for Example A type trades. I can get Example B figures in the majority of stocks out there. Examples of collar trades are in every book including a picture of the actual risk-free trade computer screen on their computuer. What are these authors using to find higher probabilty collar trades vs just getting in any old position that would be defined a collar.