Northrop Grumman (NOC) Protective Put Calculator

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

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About Northrop Grumman

Northrop Grumman (NOC) is a public Aerospace/Defense company, headquartered in Falls Church, VA.

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

Northrop Grumman Corporation, headquartered in West Falls Church, Virginia, is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. The company is the 5th largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors.

Source: Wikipedia (CC BY-SA 4.0)

Northrop and Grumman merged in 1994, joining a stealth aircraft pioneer with the builder of the Apollo lunar module. The B-21 Raider bomber and the Sentinel intercontinental ballistic missile modernization are the largest programs, both fixed-price or cost-sensitive enough that execution risk has affected earnings. Space systems grew substantially through the 2018 Orbital ATK acquisition, adding launch vehicles and solid rocket motors. Nearly all revenue comes from the United States government, and headquarters are in Falls Church, Virginia.

Sources: northropgrumman.com · en.wikipedia.org

Equity comp at Northrop Grumman

  • 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 Northrop Grumman.

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

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Northrop Grumman equity questions

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