XMTR Collar 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 collar on XMTR?
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 XMTR snapshot
As of May 15, 2026, spot at $86.82, ATM IV 61.00%, IV rank 11.00%, expected move 17.49%. The collar 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 collar structure on XMTR specifically: IV regime affects collar pricing on both sides; compressed XMTR IV at 61.00% typically pushes the short call premium to roughly offset the long put cost, 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 collar setup
The XMTR 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 XMTR near $86.82, the first option leg uses a $90.00 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) |
|---|---|---|---|
| Buy 100 shares | Stock | $86.82 | long |
| Sell 1 | Call | $90.00 | $5.15 |
| Buy 1 | Put | $80.00 | $3.55 |
XMTR collar risk and reward
- Net Premium / Debit
- -$8,522.00
- Max Profit (per contract)
- $478.00
- Max Loss (per contract)
- -$522.00
- Breakeven(s)
- $85.22
- Risk / Reward Ratio
- 0.916
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.
XMTR collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar 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% | -$522.00 |
| $19.21 | -77.9% | -$522.00 |
| $38.40 | -55.8% | -$522.00 |
| $57.60 | -33.7% | -$522.00 |
| $76.79 | -11.6% | -$522.00 |
| $95.99 | +10.6% | +$478.00 |
| $115.18 | +32.7% | +$478.00 |
| $134.38 | +54.8% | +$478.00 |
| $153.57 | +76.9% | +$478.00 |
| $172.77 | +99.0% | +$478.00 |
When traders use collar on XMTR
Collars on XMTR hedge an existing long XMTR 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.
XMTR thesis for this collar
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 collar hedges an existing long XMTR 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 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 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. 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. Always rebuild the position from current XMTR chain quotes before placing a trade.
Frequently asked questions
- What is a collar on XMTR?
- A collar on XMTR is the collar strategy applied to XMTR (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 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 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 XMTR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 61.00%), the computed maximum profit is $478.00 per contract and the computed maximum loss is -$522.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a XMTR collar?
- The breakeven for the XMTR collar priced on this page is roughly $85.22 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 collar on XMTR?
- Collars on XMTR hedge an existing long XMTR 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 XMTR implied volatility affect this collar?
- 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.