Reverse Collars for Defense covers how to build a structured defensive layer around a short stock position using a long call and a short put. In this session you will learn how the two legs work together to define the maximum upside risk and reduce the cost of protection, how to select strikes on both sides based on what is genuinely acceptable rather than just what pays the most premium, how to evaluate the net cost and tradeoffs of the structure before placing either leg, and how to manage the collar across every price scenario — including when the call is being tested and when the short put comes under its own pressure.