SMMT251219P00035000 Option on Summit Therapeutics PLC

SMMT Stock  USD 18.24  0.11  0.60%   
Summit Therapeutics' latest option contracts expiring on January 10th 2025 are carrying combined implied volatility of 1.15. The Summit Therapeutics option chain provides detailed quote and price information for the current Summit Therapeutics PLC option contracts. It shows all of Summit Therapeutics' listed puts, calls, expiration dates, strike prices, and other pricing information.

Summit Therapeutics Maximum Pain Price Across 2025-01-10 Option Contracts

Max pain occurs when Summit Therapeutics' market makers reach a net positive position across all Summit Therapeutics' options at a strike price where option holders stand to lose the most money. By contrast, Summit Therapeutics' option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on Summit Therapeutics

Analyzing Summit Therapeutics' in-the-money options over time can help investors to take a profitable long position in Summit Therapeutics regardless of its overall volatility. This is especially true when Summit Therapeutics' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Summit Therapeutics' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Summit Therapeutics' stock while costing only a fraction of its price.

Summit Current Options Market Mood

Summit Therapeutics' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Summit Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Volume

Unfortunately, most Summit Therapeutics' options investors are not very successful. Summit Therapeutics' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Summit contract

Base on the Rule 16, the options market is currently suggesting that Summit Therapeutics PLC will have an average daily up or down price movement of about 0.0719% per day over the life of the 2025-01-10 option contract. With Summit Therapeutics trading at USD 18.24, that is roughly USD 0.0131. If you think that the market is fully incorporating Summit Therapeutics' daily price movement you should consider buying Summit Therapeutics PLC options at the current volatility level of 1.15%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Summit Therapeutics options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Summit calls. Remember, the seller must deliver Summit Therapeutics PLC stock to the call owner when a call is exercised.

Summit Therapeutics Option Chain

When Summit Therapeutics' strike price is surpassing the current stock price, the option contract against Summit Therapeutics PLC stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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 IntStrike PriceCurrent SpreadLast Price
Call
SMMT250110C00010000010.06.6 - 11.06.6In
Call
SMMT250110C00013000013.03.7 - 8.03.7In
Call
SMMT250110C00014000014.02.9 - 7.52.9In
Call
SMMT250110C00014500014.52.4 - 7.02.4In
Call
SMMT250110C00015000015.02.45 - 6.52.45In
Call
SMMT250110C00015500015.52.1 - 6.02.1In
Call
SMMT250110C00016000016.01.3 - 6.01.3In
Call
SMMT250110C00016500016.51.0 - 5.01.0In
Call
SMMT250110C00017000017.00.9 - 5.00.9In
Call
SMMT250110C00017500017.50.4 - 4.30.4In
 Put
SMMT250110P00010000010.00.0 - 4.84.8Out
 Put
SMMT250110P00013000013.00.0 - 4.84.8Out
 Put
SMMT250110P00014000014.00.0 - 1.81.8Out
 Put
SMMT250110P00014500014.50.0 - 1.751.75Out
 Put
SMMT250110P00015000015.00.2 - 0.50.2Out
 Put
SMMT250110P00015500015.50.1 - 2.20.1Out
 Put
SMMT250110P00016000016.00.0 - 2.62.6Out
 Put
SMMT250110P00016500016.50.4 - 2.550.4Out
 Put
SMMT250110P00017000017.00.55 - 2.30.55Out
 Put
SMMT250110P00017500017.50.7 - 2.450.7Out

Summit Therapeutics Market Cap Over Time

   Market Cap   
       Timeline  

Summit Total Stockholder Equity

Total Stockholder Equity

93.81 Million

At this time, Summit Therapeutics' Total Stockholder Equity is comparatively stable compared to the past year.

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.