XMTR Cash-Secured Put Strategy
XMTR (Xometry, Inc.), in the Industrials sector, (Industrial - Machinery industry), listed on NASDAQ.
Xometry, Inc. operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling. In addition, it provides other services comprising urethane and die casting, vapor smoothing, finishing, rapid prototyping, high- volume production, and assembly services. The company offers its products under the Allied Machine & Engineering, Brubaker, HTC, OSG, Kyocera, Mitsubishi Materials, SOWA, Viking Drill & Tool, Dauphin, and Sandvik brands. It serves aerospace and defense, automotive, consumer products, product designers, education, electronic and semiconductors, energy, hardware startups, industrial, medical and dental, robotics, and supply chain and purchasing industries.
XMTR (Xometry, Inc.) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $4.34B, a beta of 1.00 versus the broader market, a 52-week range of 29.6-89.79, average daily share volume of 1.0M, a public-listing history dating back to 2021, approximately 1K full-time employees. These structural characteristics shape how XMTR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.00 places XMTR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a cash-secured put on XMTR?
A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.
Current XMTR snapshot
As of May 15, 2026, spot at $86.82, ATM IV 61.00%, IV rank 11.00%, expected move 17.49%. The cash-secured put on XMTR 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 cash-secured put structure on XMTR specifically: XMTR IV at 61.00% is on the cheap side of its 1-year range, which means a premium-selling XMTR cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 17.49% (roughly $15.18 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 XMTR expiries trade a higher absolute premium for lower per-day decay. Position sizing on XMTR should anchor to the underlying notional of $86.82 per share and to the trader's directional view on XMTR stock.
XMTR cash-secured put setup
The XMTR cash-secured 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 XMTR near $86.82, the first option leg uses a $80.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed XMTR 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 XMTR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $80.00 | $3.55 |
XMTR cash-secured put risk and reward
- Net Premium / Debit
- +$355.00
- Max Profit (per contract)
- $355.00
- Max Loss (per contract)
- -$7,644.00
- Breakeven(s)
- $76.45
- Risk / Reward Ratio
- 0.046
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
XMTR cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on XMTR. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$7,644.00 |
| $19.21 | -77.9% | -$5,724.47 |
| $38.40 | -55.8% | -$3,804.94 |
| $57.60 | -33.7% | -$1,885.42 |
| $76.79 | -11.6% | +$34.11 |
| $95.99 | +10.6% | +$355.00 |
| $115.18 | +32.7% | +$355.00 |
| $134.38 | +54.8% | +$355.00 |
| $153.57 | +76.9% | +$355.00 |
| $172.77 | +99.0% | +$355.00 |
When traders use cash-secured put on XMTR
Cash-secured puts on XMTR earn premium while a trader waits to acquire XMTR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning XMTR.
XMTR thesis for this cash-secured put
The market-implied 1-standard-deviation range for XMTR extends from approximately $71.64 on the downside to $102.00 on the upside. A XMTR cash-secured put lets a trader earn premium while waiting to acquire XMTR at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current XMTR IV rank near 11.00% 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 XMTR at 61.00%. As a Industrials name, XMTR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to XMTR-specific events.
XMTR cash-secured put positions are structurally neutral to slightly 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. XMTR positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move XMTR alongside the broader basket even when XMTR-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on XMTR carry tail risk when realized volatility exceeds the implied move; review historical XMTR earnings reactions and macro stress periods before sizing. Always rebuild the position from current XMTR chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on XMTR?
- A cash-secured put on XMTR is the cash-secured put strategy applied to XMTR (stock). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With XMTR stock trading near $86.82, the strikes shown on this page are snapped to the nearest listed XMTR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are XMTR cash-secured put max profit and max loss calculated?
- Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the XMTR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 61.00%), the computed maximum profit is $355.00 per contract and the computed maximum loss is -$7,644.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a XMTR cash-secured put?
- The breakeven for the XMTR cash-secured put priced on this page is roughly $76.45 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 XMTR market-implied 1-standard-deviation expected move is approximately 17.49%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a cash-secured put on XMTR?
- Cash-secured puts on XMTR earn premium while a trader waits to acquire XMTR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning XMTR.
- How does current XMTR implied volatility affect this cash-secured put?
- XMTR ATM IV is at 61.00% with IV rank near 11.00%, 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.