Cigna (CI) Protective Put Calculator

Calculator · free · no signup · CI

Price a protective put, zero-cost collar, or put spread on Cigna. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CI option chain.

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About Cigna

Cigna (CI) is a public Other company, incorporated in Delaware and headquartered in Bloomfield, CT.

Equity grants at Cigna typically include restricted stock units (RSUs).

The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. Cigna's insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups.

Source: Wikipedia (CC BY-SA 4.0)

The company formed in 1982 from Connecticut General and INA, and reshaped itself in 2018 by acquiring Express Scripts, one of the largest pharmacy benefit managers, for roughly $67 billion. Evernorth now carries that business plus specialty pharmacy and care services, while Cigna Healthcare sells employer and government health plans. A proposed merger with Anthem collapsed in 2017 amid litigation between the parties. Pharmacy benefit economics and rebate practices remain the central regulatory exposure. Headquarters are in Bloomfield, Connecticut.

Sources: cigna.com · en.wikipedia.org

Equity comp at Cigna

  • 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 2026-08-17.

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Cigna.

A protective put caps your downside on the CI 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 CI option chain, with annual cost, max loss, and tax-treatment notes.

All Cigna tools → · Use the generic Protect Your Stock Calculator for any company.

Cigna equity questions

How much does it cost to hedge CI 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 CI'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 CI option chain and shows the annual cost, maximum loss, and tax treatment.
Does Cigna grant ISOs, NSOs, or RSUs?
Equity compensation at Cigna typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
Do Cigna RSUs use double-trigger vesting?
No. Cigna 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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