Circle Internet Group (CRCL) Protective Put Calculator
Calculator · free · no signup · CRCLPrice a protective put or zero-cost collar on Circle Internet Group. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CRCL option chain.
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Request beta access →About Circle Internet Group
Circle Internet Group (CRCL) is a public Fintech company, incorporated in Delaware and headquartered in New York, NY. IPO'd Jun 4, 2025.
Last close: $79.72 per share (as of 2026-06-17).
Stablecoin issuer.
Equity grants at Circle Internet Group typically include incentive stock options (ISOs), non-qualified stock options (NSOs), and restricted stock units (RSUs).
Circle Internet Group, Inc. is a payments technology company. Founded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
Source: Wikipedia (CC BY-SA 4.0)
Jeremy Allaire and Sean Neville founded Circle in October 2013, building it into the issuer of USDC, a dollar-backed stablecoin fully reserved with cash and short-term U.S. Treasuries. The company relocated its headquarters from Boston to 1 World Trade Center in New York City in 2024. Circle listed on the NYSE under ticker CRCL on June 5, 2025, pricing its IPO at $31 per share and closing the first session up 168 percent. As of Q1 2025, roughly $60 billion of USDC was in circulation across 4.9 million wallets.
Sources: cnbc.com · bostonglobe.com · investor.circle.com
Equity comp at Circle Internet Group
- 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 Circle Internet Group.
A protective put caps your downside on the CRCL 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 CRCL option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CRCL position at $79.72 is worth $398,600. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $7,972 to $15,944) before any premium offset from a short call. The calculator prices both structures off CRCL's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
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Circle Internet Group equity questions
- How much does it cost to hedge CRCL 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 CRCL'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 CRCL option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Circle Internet Group grant ISOs, NSOs, or RSUs?
- Equity compensation at Circle Internet Group 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.
- When did the Circle Internet Group IPO lockup expire?
- Circle Internet Group (CRCL) went public on June 4, 2025. The standard post-IPO lockup runs 180 days, so employee and insider shares generally became sellable around December 1, 2025. Confirm against your own grant paperwork, since some lockups release early or in stages.
- Do Circle Internet Group RSUs use double-trigger vesting?
- No. Circle Internet Group 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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