OMEX Long Call Strategy
OMEX (Odyssey Marine Exploration, Inc.), in the Industrials sector, (Specialty Business Services industry), listed on NASDAQ.
Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It also offers resource assessment, project planning, research, and project management services. The company was founded in 1986 and is headquartered in Tampa, Florida.
OMEX (Odyssey Marine Exploration, Inc.) trades in the Industrials sector, specifically Specialty Business Services, with a market capitalization of approximately $35.5M, a trailing P/E of 0.21, a beta of -0.24 versus the broader market, a 52-week range of 0.72-4.43, average daily share volume of 5.9M, a public-listing history dating back to 1999, approximately 11 full-time employees. These structural characteristics shape how OMEX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.24 indicates OMEX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 0.21 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a long call on OMEX?
A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.
Current OMEX snapshot
As of May 15, 2026, spot at $1.08, ATM IV 392.60%, IV rank 95.69%, expected move 112.56%. The long call on OMEX 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 long call structure on OMEX specifically: OMEX IV at 392.60% is rich versus its 1-year range, which makes a premium-buying OMEX long call relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 112.56% (roughly $1.22 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 OMEX expiries trade a higher absolute premium for lower per-day decay. Position sizing on OMEX should anchor to the underlying notional of $1.08 per share and to the trader's directional view on OMEX stock.
OMEX long call setup
The OMEX long call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With OMEX near $1.08, the first option leg uses a $1.08 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OMEX 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 OMEX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $1.08 | N/A |
OMEX long call 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 is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
OMEX long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on OMEX. 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 long call on OMEX
Long calls on OMEX express a bullish thesis with defined risk; traders use them ahead of OMEX catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
OMEX thesis for this long call
The market-implied 1-standard-deviation range for OMEX extends from approximately $-0.14 on the downside to $2.30 on the upside. A OMEX long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. Current OMEX IV rank near 95.69% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on OMEX at 392.60%. As a Industrials name, OMEX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OMEX-specific events.
OMEX long call positions are structurally bullish; 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. OMEX positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OMEX alongside the broader basket even when OMEX-specific fundamentals are unchanged. Long-premium structures like a long call on OMEX are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current OMEX chain quotes before placing a trade.
Frequently asked questions
- What is a long call on OMEX?
- A long call on OMEX is the long call strategy applied to OMEX (stock). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With OMEX stock trading near $1.08, the strikes shown on this page are snapped to the nearest listed OMEX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are OMEX long call max profit and max loss calculated?
- Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the OMEX long call priced from the end-of-day chain at a 30-day expiry (ATM IV 392.60%), 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 OMEX long call?
- The breakeven for the OMEX long call 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 OMEX market-implied 1-standard-deviation expected move is approximately 112.56%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long call on OMEX?
- Long calls on OMEX express a bullish thesis with defined risk; traders use them ahead of OMEX catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current OMEX implied volatility affect this long call?
- OMEX ATM IV is at 392.60% with IV rank near 95.69%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.