TKO Group (TKO) Protective Put Calculator

Calculator · free · no signup · TKO

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

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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.

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About TKO Group

TKO Group (TKO) is a public Consumer Internet company, incorporated in Delaware and headquartered in New York, NY.

Last close: $175.58 per share (as of 2026-10-03).

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

TKO Group Holdings, Inc. (TKO) is an American sports and entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).

Source: Wikipedia (CC BY-SA 4.0)

Endeavor combined the Ultimate Fighting Championship and World Wrestling Entertainment into a single listed company in 2023, putting two live-events franchises with owned intellectual property under one owner. Unlike scripted entertainment, the content is produced continuously, is cheap relative to its audience, and the company owns the athletes' competitive context rather than licensing it. Media-rights renewals set the revenue trajectory, and both properties have moved rights to streaming platforms. Live events, sponsorship, and licensing attach to the same audience. Headquarters are in New York.

Sources: sec.gov · en.wikipedia.org

Equity comp at TKO Group

  • TKO uses an Up-C (umbrella partnership corporation) structure, but this does not change how employees are granted equity: awards to employees, officers, and directors are issued as TKO Class A common stock RSUs and options under the 2023 Incentive Award Plan, not as TKO OpCo LLC units or profits interests (those units are held by pre-existing owners like Endeavor and WWE/UFC legacy holders). Change in Control vesting is single trigger in the disclosed agreements: for non-employee directors and for named executives (CEO Ari Emanuel, President Mark Shapiro), unvested equity accelerates and vests in full upon the consummation of a Change of Control alone, with no separate termination event required, so long as the person is still in service at closing.
  • 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.
  • Vesting schedule: RSUs vest in four equal annual installments (25% on each of the 1st, 2nd, 3rd, and 4th anniversaries), rather than a 1-year cliff followed by monthly or quarterly vesting..

Sources: sec.gov · sec.gov · sec.gov · sec.gov

Researched 2026-08-26.

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

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

Example: a 5,000-share TKO position at $175.58 is worth $877,900. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $17,558 to $35,116) before any premium offset from a short call. The calculator prices both structures off TKO's current option chain so you see the actual cost for your chosen floor, tenor, and cap.

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TKO Group equity questions

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