Affirm (AFRM) Protective Put Calculator
Calculator · free · no signup · AFRMPrice a protective put or zero-cost collar on Affirm. Annual cost, max loss, upside cap, tax treatment, auto-filled from current AFRM option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →About Affirm
Affirm (AFRM) is a public Fintech company, incorporated in Nevada and headquartered in San Francisco, CA. IPO'd Jan 13, 2021.
Last close: $74.69 per share (as of 2026-06-16).
Equity grants at Affirm typically include incentive stock options (ISOs), non-qualified stock options (NSOs), and restricted stock units (RSUs).
Affirm Holdings, Inc. is an American financial technology company and a point-of-sale lender. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later (BNPL) financier. As of 2025, Affirm reports nearly 27 million users and processing $37 billion in annual payments.
Source: Wikipedia (CC BY-SA 4.0)
Buy-now-pay-later financing without compounding interest or late fees is Affirm's core product proposition. Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell founded Affirm in San Francisco in 2012 through the HVF startup studio; Levchin, a PayPal co-founder, became CEO in 2014. The company charges merchants a fee to offer installment options at checkout and earns interest income on longer-term loans, partnering with Amazon, Walmart, and Shopify. Affirm IPO'd on Nasdaq as AFRM in January 2021, with shares more than doubling on the first day of trading.
Sources: en.wikipedia.org · news.crunchbase.com
Equity comp at Affirm
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-05-07.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Affirm.
A protective put caps your downside on the AFRM position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current AFRM option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share AFRM position at $74.69 is worth $373,450. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $7,469 to $14,938) before any premium offset from a short call. The calculator prices both structures off AFRM's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Affirm tools → · Use the generic Protect Your Stock Calculator for any company.
Affirm equity questions
- How much does it cost to hedge AFRM stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and AFRM's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current AFRM option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Affirm grant ISOs, NSOs, or RSUs?
- Equity compensation at Affirm typically takes the form of incentive stock options (ISOs), non-qualified stock options (NSOs), and restricted stock units (RSUs). Incentive stock options can trigger the alternative minimum tax (AMT) when you exercise. Restricted stock units are taxed as ordinary income when they vest.
- Do Affirm RSUs use double-trigger vesting?
- No. Affirm restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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