AMTX Collar Strategy
AMTX (Aemetis, Inc.), in the Energy sector, (Oil & Gas Refining & Marketing industry), listed on NASDAQ.
Aemetis, Inc. operates as a renewable natural gas and renewable fuels company in North America and India. It operates through three segments: California Ethanol, Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the acquisition, development, and commercialization of negative carbon intensity products and technologies that replace traditional petroleum-based products. It sells biodiesel primarily to government oil marketing companies, transport companies, resellers, distributors, and private refiners through its own sales force and independent sales agents, as well as to brokers who resell the product to end-users. The company also produces and sells ethanol; and wet distillers grains, distillers corn oil, and condensed distillers solubles to dairies and feedlots as animal feed. In addition, it produces dairy biogas; produces and sells high-grade alcohol and various feed products, as well as hand sanitizers; and researches and develops conversion technologies using waste feedstocks to produce biofuels and biochemicals.
AMTX (Aemetis, Inc.) trades in the Energy sector, specifically Oil & Gas Refining & Marketing, with a market capitalization of approximately $155.5M, a beta of 1.46 versus the broader market, a 52-week range of 1.3-3.8, average daily share volume of 1.7M, a public-listing history dating back to 2006, approximately 223 full-time employees. These structural characteristics shape how AMTX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.46 indicates AMTX has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a collar on AMTX?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
Current AMTX snapshot
As of May 15, 2026, spot at $2.30, ATM IV 106.80%, IV rank 27.81%, expected move 30.62%. The collar on AMTX below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this collar structure on AMTX specifically: IV regime affects collar pricing on both sides; compressed AMTX IV at 106.80% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 30.62% (roughly $0.70 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMTX expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMTX should anchor to the underlying notional of $2.30 per share and to the trader's directional view on AMTX stock.
AMTX collar setup
The AMTX collar below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMTX near $2.30, the first option leg uses a $2.42 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMTX chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 AMTX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $2.30 | long |
| Sell 1 | Call | $2.42 | N/A |
| Buy 1 | Put | $2.18 | N/A |
AMTX collar risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
AMTX collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AMTX. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use collar on AMTX
Collars on AMTX hedge an existing long AMTX stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
AMTX thesis for this collar
The market-implied 1-standard-deviation range for AMTX extends from approximately $1.60 on the downside to $3.00 on the upside. A AMTX collar hedges an existing long AMTX position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. Current AMTX IV rank near 27.81% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AMTX at 106.80%. As a Energy name, AMTX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMTX-specific events.
AMTX collar positions are structurally neutral (protective); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. AMTX positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMTX alongside the broader basket even when AMTX-specific fundamentals are unchanged. Always rebuild the position from current AMTX chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AMTX?
- A collar on AMTX is the collar strategy applied to AMTX (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. With AMTX stock trading near $2.30, the strikes shown on this page are snapped to the nearest listed AMTX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AMTX collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the AMTX collar priced from the end-of-day chain at a 30-day expiry (ATM IV 106.80%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMTX collar?
- The breakeven for the AMTX collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current AMTX market-implied 1-standard-deviation expected move is approximately 30.62%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AMTX?
- Collars on AMTX hedge an existing long AMTX stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current AMTX implied volatility affect this collar?
- AMTX ATM IV is at 106.80% with IV rank near 27.81%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.