Zimmer Biomet (ZBH) Protective Put Calculator

Calculator · free · no signup · ZBH

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

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About Zimmer Biomet

Zimmer Biomet (ZBH) is a public Medical Device company, incorporated in Delaware and headquartered in Warsaw, IN.

Last close: $99.15 per share (as of 2026-08-19).

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

Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

Source: Wikipedia (CC BY-SA 4.0)

The 2015 merger of Zimmer and Biomet created one of the largest makers of orthopedic implants, concentrated in knee and hip replacement. Demand is demographic and deferrable: procedures follow an aging population but patients can postpone them, which made volumes unusually volatile during and after the pandemic. Surgeons drive product selection, so relationships and training programs function as distribution. Robotic surgical systems are placed to lock in the implants used with them. Headquarters are in Warsaw, Indiana.

Sources: sec.gov · en.wikipedia.org

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

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

Example: a 5,000-share ZBH position at $99.15 is worth $495,750. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $9,915 to $19,830) before any premium offset from a short call. The calculator prices both structures off ZBH's current option chain so you see the actual cost for your chosen floor, tenor, and cap.

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Zimmer Biomet equity questions

How much does it cost to hedge ZBH 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 ZBH'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 ZBH option chain and shows the annual cost, maximum loss, and tax treatment.
Does Zimmer Biomet grant ISOs, NSOs, or RSUs?
Equity compensation at Zimmer Biomet typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
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