SMMT Option Call 17-01-2025 47 Option on Summit Therapeutics PLC

SMMT Stock  USD 18.74  0.77  4.28%   
SMMT Option Call 17-01-2025 47 is a CALL option contract on Summit Therapeutics' common stock with a strick price of 47.0 expiring on 2025-01-17. The contract was last traded on 2024-10-03 at 09:31:26 for $0.6 and, as of today, has 37 days remaining before the expiration. The option is currently trading at an ask price of $0.75. The implied volatility as of the 11th of December 2024 is 37.0.
  
Call options on Summit Therapeutics give the investor right to buy Summit Stock at a specified price within a specific period. If Summit Therapeutics' price is above the strike price at expiry, the profit is the current Summit Therapeutics' stock price, minus the strike price and the premium.

Rule 16 of 2025-01-17 Option Contract

The options market is anticipating that Summit Therapeutics PLC will have an average daily up or down price movement of about 0.12% per day over the life of the option. With Summit Therapeutics trading at USD 18.74, that is roughly USD 0.0216. If you think that the market is fully understating Summit Therapeutics' daily price movement you should consider buying Summit Therapeutics PLC options at that current volatility level of 1.84%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Summit Therapeutics

An 'Out of The Money' option on Summit has a strike price that Summit Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Summit Therapeutics' 'Out of The Money' options include buying the options if you expect a big move in Summit Therapeutics' stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Call Contract NameSMMT Option Call 17-01-2025 47
Expires On2025-01-17
Days Before Expriration37
Last Traded On2024-10-03 09:31:26
Open Interest1
Strike Price47.0
Last Traded At0.6
Current Price Spread0.0 | 0.75
Rule 16 Daily Up or DownUSD 0.0216

Summit long CALL Option Payoff at expiration

Buying Summit Therapeutics' call option is the simplest of option trades. A call option on Summit Stock gives investors the right (but not the obligation) to purchase Summit Therapeutics at the given strike price. Therefore Summit Therapeutics' call intrinsic value or payoff at expiration depends on where the Summit Stock price is relative to the call option strike price. The strike price of 47.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with Summit Therapeutics' price. Finally, at the break-even point of 47.0, the line crosses zero, and trading Summit becomes profitable.
   Profit   
       Summit Therapeutics Price At Expiration  

Summit short CALL Option Payoff at expiration

By selling Summit Therapeutics' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Summit Therapeutics will generally make money when the underlying price goes down. Therefore Summit Therapeutics' call intrinsic value or payoff at expiration depends on where the Summit Stock price is relative to the call option strike price. The strike price of 47.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to Summit Therapeutics' price. Finally, at the break-even point of 47.0, the line crosses zero, and trading Summit becomes disadvantageous with no downside limits.
   Profit   
       Summit Therapeutics Price At Expiration  
View All Summit Therapeutics Options

Summit Therapeutics PLC Available Call Options

Summit Therapeutics' option chain is a display of a range of information that helps investors for ways to trade options on Summit. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Summit. It also shows strike prices and maturity days for a Summit Therapeutics against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntExpirationCurrent SpreadLast Price
Call
SMMT Option Call 13-12-2024 1402024-12-132.85 - 7.04.53In
Call
SMMT Option Call 13-12-2024 1402024-12-133.2 - 6.14.1In
Call
SMMT Option Call 13-12-2024 1502024-12-130.0 - 0.04.5In
Call
SMMT Option Call 13-12-2024 1702024-12-130.0 - 0.01.98In
Call
SMMT Option Call 13-12-2024 1802024-12-130.0 - 0.00.55Out
Call
SMMT Option Call 13-12-2024 1802024-12-130.0 - 0.00.8Out
Call
SMMT Option Call 13-12-2024 1902024-12-130.0 - 0.00.14Out
Call
SMMT Option Call 13-12-2024 1902024-12-130.0 - 0.00.33Out
Call
SMMT Option Call 13-12-2024 2002024-12-130.0 - 0.00.05Out
Call
SMMT Option Call 13-12-2024 2002024-12-130.0 - 0.00.38Out
Call
SMMT Option Call 13-12-2024 2102024-12-130.0 - 0.00.08Out
Call
SMMT Option Call 13-12-2024 2102024-12-130.0 - 0.00.1Out
Call
SMMT Option Call 13-12-2024 2302024-12-130.0 - 0.00.05Out
Call
SMMT Option Call 13-12-2024 2302024-12-130.0 - 0.00.1Out
Call
SMMT Option Call 13-12-2024 2402024-12-130.0 - 0.00.1Out
Call
SMMT Option Call 13-12-2024 2502024-12-130.0 - 0.00.35Out

Summit Therapeutics Corporate Management

Elaine JDHead CounselProfile
Fong ClowChief OfficerProfile
Betty ChangOncology ResearchProfile
Bhaskar AnandChief FinanceProfile
Will BlackHead TechnologyProfile

Additional Tools for Summit Stock Analysis

When running Summit Therapeutics' price analysis, check to measure Summit Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Therapeutics is operating at the current time. Most of Summit Therapeutics' value examination focuses on studying past and present price action to predict the probability of Summit Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Therapeutics' price. Additionally, you may evaluate how the addition of Summit Therapeutics to your portfolios can decrease your overall portfolio volatility.