Cloudflare (NET) Protective Put Calculator
Calculator · free · no signup · NETPrice a protective put or zero-cost collar on Cloudflare. Annual cost, max loss, upside cap, tax treatment, auto-filled from current NET option chain.
Beta · invite-only · AlphaLatitude Inc. · Free Tools
You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →About Cloudflare
Cloudflare (NET) is a public Cloud/SaaS company, incorporated in Delaware and headquartered in San Francisco, CA. IPO'd Sep 13, 2019.
Last close: $230.97 per share (as of 2026-06-16).
Equity grants at Cloudflare typically include non-qualified stock options (NSOs) and restricted stock units (RSUs).
Cloudflare, Inc., is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
Source: Wikipedia (CC BY-SA 4.0)
Born from Project Honey Pot, the anti-spam research Matthew Prince and Lee Holloway ran from 2004, Cloudflare took shape in 2009 after Prince met Michelle Zatlyn at Harvard Business School. From San Francisco, it routes traffic through a global edge network covering CDN, DNS, DDoS protection, Zero Trust access, R2 object storage, Bot Management, and Workers serverless compute (extended with Workers AI for inference at the edge). Listed on NYSE as NET since September 2019, the company reported 2025 revenue of $2.17 billion, up 30% year-over-year.
Sources: cloudflare.com · en.wikipedia.org · cloudflare.com
Equity comp at Cloudflare
- 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 Cloudflare.
A protective put caps your downside on the NET 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 NET option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share NET position at $230.97 is worth $1,154,850. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $23,097 to $46,194) before any premium offset from a short call. The calculator prices both structures off NET's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Cloudflare tools → · Use the generic Protect Your Stock Calculator for any company.
Cloudflare equity questions
- How much does it cost to hedge NET 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 NET'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 NET option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Cloudflare grant ISOs, NSOs, or RSUs?
- Equity compensation at Cloudflare typically takes the form of non-qualified stock options (NSOs) and restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Cloudflare RSUs use double-trigger vesting?
- No. Cloudflare 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.
One piece of the puzzle.
OptionsAhoy plans your Cloudflare equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.