If you have a concentrated stock position, you have to get up to speed on this

A collar + box spread loan can potentially allow you to:

• Keep some upside if the stock does well
• Put a floor under how much you can lose
• Free up cash today to diversify and tax-loss harvest

When properly structured, these approaches are generally designed to avoid an immediate taxable sale (though the details matter, and getting them wrong can trigger the very tax event you're trying to avoid).

Compared to holding the stock unhedged and selling all of the stock, this structure lives in the middle: it buys you protection and liquidity while you customize your solution.

If you’re sitting on a large single‑stock position (or a handful of them) and want to explore whether something like this makes sense for you, check out the YouTube video that drops tomorrow!


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This isn’t tax or legal advice, and it’s not a fit for every stock or every situation. The details matter a lot here.

These structures typically involve tradeoffs — for example, capping some upside in exchange for downside protection, or taking on financing costs and market risk when borrowing against the position. They also carry real complexity and are not appropriate for everyone.

Quantitative Financial Strategies, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. This material is for educational purposes only and is not tax, legal or investment advice. Investing involves risk, including possible loss of principal.