OMEX Long Put Strategy
OMEX (Odyssey Marine Exploration, Inc.), in the Industrials sector, (Specialty Business Services industry), listed on NASDAQ.
Odyssey Marine Exploration, Inc., operating through its various subsidiaries, specializes in the worldwide identification, validation, and development of subsea resources. The company offers expert services to its clients, including specialized oceanic mineral prospecting, comprehensive project execution, and general marine support. Furthermore, they provide a range of consulting services such as resource evaluation, meticulous project planning, scientific research, and overall project management. The firm was established in 1986 and its principal corporate offices are situated in Tampa, Florida.
OMEX (Odyssey Marine Exploration, Inc.) trades in the Industrials sector, specifically Specialty Business Services, with a market capitalization of approximately $28.7M, a beta of -0.23 versus the broader market, a 52-week range of 0.737-4.43, average daily share volume of 5.7M, 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 -0.23 indicates OMEX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a long put on OMEX?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
Current OMEX snapshot
As of June 30, 2026, spot at $0.86, ATM IV 156.70%, IV rank 30.63%, expected move 44.92%. The long put 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 17-day expiry.
Why this long put structure on OMEX specifically: OMEX IV at 156.70% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 44.92% (roughly $0.39 on the underlying). The 17-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 $0.86 per share and to the trader's directional view on OMEX stock.
OMEX long put setup
The OMEX long put 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 $0.86, the first option leg uses a $0.86 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 17-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 | Put | $0.86 | N/A |
OMEX long put 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 equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
OMEX long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put 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 put on OMEX
Long puts on OMEX hedge an existing long OMEX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying OMEX exposure being hedged.
OMEX thesis for this long put
The market-implied 1-standard-deviation range for OMEX extends from approximately $0.47 on the downside to $1.25 on the upside. A OMEX long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long OMEX position with one put per 100 shares held. Current OMEX IV rank near 30.63% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on OMEX should anchor more to the directional view and the expected-move geometry. 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 put positions are structurally bearish; 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 put 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 put on OMEX?
- A long put on OMEX is the long put strategy applied to OMEX (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With OMEX stock trading near $0.86, 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 put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the OMEX long put priced from the end-of-day chain at a 30-day expiry (ATM IV 156.70%), 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 put?
- The breakeven for the OMEX long put 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 44.92%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on OMEX?
- Long puts on OMEX hedge an existing long OMEX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying OMEX exposure being hedged.
- How does current OMEX implied volatility affect this long put?
- OMEX ATM IV is at 156.70% with IV rank near 30.63%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.