An arbor of a machine tool has a collet arbor base, an expandable and releasable collet having a top band coupled to a bottom band, an actuator pin slidable from the collet arbor base arranged concentrically within the collet and having a reverse male taper on an upper end thereof that actuates the top band of the collet, and a conical ring with a taper angle matching the upper end of the actuator pin arranged proximate a lower part of the actuator pin concentric therewith, wherein the reverse male taper at the upper end of the actuator pin activating the top band and the conical ring having a matching taper activating the bottom band of the collet cause the collet to expand and retract accordingly.