XMTR Long Call 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 long call on XMTR?
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 XMTR snapshot
As of May 15, 2026, spot at $86.82, ATM IV 61.00%, IV rank 11.00%, expected move 17.49%. The long call 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 long call structure on XMTR specifically: XMTR IV at 61.00% is on the cheap side of its 1-year range, which favors premium-buying structures like a XMTR long call, 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 long call setup
The XMTR 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 XMTR near $86.82, the first option leg uses a $85.00 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 1 | Call | $85.00 | $7.45 |
XMTR long call risk and reward
- Net Premium / Debit
- -$745.00
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- -$745.00
- Breakeven(s)
- $92.45
- Risk / Reward Ratio
- Unbounded
Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
XMTR long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call 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% | -$745.00 |
| $19.21 | -77.9% | -$745.00 |
| $38.40 | -55.8% | -$745.00 |
| $57.60 | -33.7% | -$745.00 |
| $76.79 | -11.6% | -$745.00 |
| $95.99 | +10.6% | +$353.64 |
| $115.18 | +32.7% | +$2,273.17 |
| $134.38 | +54.8% | +$4,192.69 |
| $153.57 | +76.9% | +$6,112.22 |
| $172.77 | +99.0% | +$8,031.75 |
When traders use long call on XMTR
Long calls on XMTR express a bullish thesis with defined risk; traders use them ahead of XMTR catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
XMTR thesis for this long call
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 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 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 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. 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. Long-premium structures like a long call on XMTR 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 XMTR chain quotes before placing a trade.
Frequently asked questions
- What is a long call on XMTR?
- A long call on XMTR is the long call strategy applied to XMTR (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 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 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 XMTR long call priced from the end-of-day chain at a 30-day expiry (ATM IV 61.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$745.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a XMTR long call?
- The breakeven for the XMTR long call priced on this page is roughly $92.45 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 long call on XMTR?
- Long calls on XMTR express a bullish thesis with defined risk; traders use them ahead of XMTR catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current XMTR implied volatility affect this long call?
- 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.