CDW (CDW) Protective Put Calculator
Calculator · free · no signup · CDWPrice a protective put, zero-cost collar, or put spread on CDW. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CDW option chain.
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About CDW
CDW (CDW) is a public IT Services company, incorporated in Delaware and headquartered in Vernon Hills, IL.
Last close: $133.29 per share (as of 2026-10-03).
Equity grants at CDW typically include restricted stock units (RSUs).
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
Source: Wikipedia (CC BY-SA 4.0)
Michael Krasny started the business in 1984 selling used computers through classified ads in Chicago, and it grew into one of the largest resellers of technology to mid-market and public-sector buyers in North America. The model is distribution rather than manufacturing: account managers sit between thousands of hardware and software vendors and customers who lack the procurement staff to negotiate directly, and the margin comes from services attached to the resale. Public-sector and healthcare contracts smooth the corporate IT cycle. Gross profit per account manager is the metric management steers by. Headquarters are in Vernon Hills, Illinois.
Sources: sec.gov · en.wikipedia.org
Equity comp at CDW
- CDW's named executive officer RSU award agreements use double-trigger acceleration: vesting does not speed up automatically just because the company is acquired (a change in control). Acceleration only happens if there is both a change in control and a qualifying termination (being let go without cause, or resigning for good reason) within the relevant window. CDW's RSU agreements also provide certain favorable vesting terms on a qualifying termination even without a change in control.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
Researched 2026-08-21.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by CDW.
A protective put caps your downside on the CDW 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 CDW option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CDW position at $133.29 is worth $666,450. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $13,329 to $26,658) before any premium offset from a short call. The calculator prices both structures off CDW's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All CDW tools → · Use the generic Protect Your Stock Calculator for any company.
CDW equity questions
- How much does it cost to hedge CDW 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 CDW'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 CDW option chain and shows the annual cost, maximum loss, and tax treatment.
- Does CDW grant ISOs, NSOs, or RSUs?
- Equity compensation at CDW typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do CDW RSUs use double-trigger vesting?
- Yes. CDW restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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