How are XMTR straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the XMTR straddle priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,414.97 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a XMTR straddle?

The breakeven for the XMTR straddle priced on this page is roughly $80.80 and $109.20 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The XMTR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current XMTR implied volatility affect this straddle?

XMTR ATM IV is at 60.40% with IV rank near 9.42%, 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.

XMTR Straddle Strategy

XMTR (Xometry, Inc.), in the Industrials sector, (Industrial - Distribution industry), listed on NASDAQ.

Xometry, Inc. manages a global digital marketplace designed to streamline the sourcing of custom manufactured components and assemblies. The company's extensive service portfolio encompasses both traditional and cutting-edge manufacturing processes. These include precision CNC machining, covering milling and turning operations; various sheet metal fabrication techniques such as laser, waterjet, and plasma cutting, in addition to sheet metal forming. Their advanced 3D printing capabilities span a wide array of additive manufacturing methods, including carbon digital light synthesis, fused deposition modeling, HP Multi Jet Fusion, PolyJet, selective laser sintering, stereolithography, and specialized metal 3D printing services like direct metal laser sintering and metal binder jetting. Furthermore, Xometry offers comprehensive injection molding solutions, including plastic, over, insert, and prototype molding, alongside tooling for both bridge production and high-volume manufacturing. Beyond these core services, the company provides urethane and die casting, vapor smoothing, finishing, rapid prototyping, high-volume production, and assembly services.

XMTR (Xometry, Inc.) trades in the Industrials sector, specifically Industrial - Distribution, with a market capitalization of approximately $5.01B, a beta of 1.32 versus the broader market, a 52-week range of 35.86-106.08, average daily share volume of 877K, 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 1.32 indicates XMTR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a straddle on XMTR?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

XMTR snapshot

As of August 14, 2026, spot at $96.50, ATM IV 60.40%, IV rank 9.42%, expected move 17.32%. The straddle on XMTR below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this straddle structure on XMTR specifically: XMTR IV at 60.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a XMTR straddle, with a market-implied 1-standard-deviation move of approximately 17.32% (roughly $16.71 on the underlying). The 35-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 $96.50 per share and to the trader's directional view on XMTR stock.

XMTR straddle setup

The XMTR straddle below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With XMTR at $96.50 on that close, the first option leg uses a $95.00 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 35-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	$95.00	$7.95
Buy 1	Put	$95.00	$6.25

XMTR straddle risk and reward

Net Premium / Debit: -$1,420.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,414.97
Breakeven(s): $80.80, $109.20
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

XMTR straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$8,079.00
$21.35	-77.9%	+$5,945.44
$42.68	-55.8%	+$3,811.88
$64.02	-33.7%	+$1,678.33
$85.35	-11.6%	-$455.23
$106.69	+10.6%	-$251.21
$128.02	+32.7%	+$1,882.35
$149.36	+54.8%	+$4,015.90
$170.69	+76.9%	+$6,149.46
$192.03	+99.0%	+$8,283.02

When traders use straddle on XMTR

Straddles on XMTR are pure-volatility plays that profit from large moves in either direction; traders typically buy XMTR straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

XMTR thesis for this straddle

The market-implied 1-standard-deviation range for XMTR extends from approximately $79.79 on the downside to $113.21 on the upside. A XMTR long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current XMTR IV rank near 9.42% 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 60.40%. 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 straddle positions are structurally neutral / high-volatility (long premium); 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 straddle on XMTR?: A straddle on XMTR is the straddle strategy applied to XMTR (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With XMTR stock at $96.50 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed XMTR chain strike and the premiums come straight from that session's bid/ask midpoint.
How are XMTR straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the XMTR straddle priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,414.97 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a XMTR straddle?: The breakeven for the XMTR straddle priced on this page is roughly $80.80 and $109.20 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The XMTR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on XMTR?: Straddles on XMTR are pure-volatility plays that profit from large moves in either direction; traders typically buy XMTR straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current XMTR implied volatility affect this straddle?: XMTR ATM IV is at 60.40% with IV rank near 9.42%, 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.