Trading a SMMT straddle lets you take a pure volatility position on Summit Therapeutics Inc without committing to a direction. Summit Therapeutics Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate SMMT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SMMT profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Summit Therapeutics Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the SMMT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Summit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States and Latin America. It conducts clinical programs focusing on Clostridioides difficile infection (CDI). The company's lead product candidate is ridinilazole, an orally administered small molecule antibiotic that is in Phase III clinical trials for the treatment of CDI. It also offers SMT-738, for combating multidrug resistant infections primarily carbapenem-resistant Enterobacteriaceae infections; and DDS-04 series for the potential treatment of infections caused by the Enterobacteriaceae.
The company was founded in 2003 and is based in Cambridge, Massachusetts.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SMMT straddle is the cleanest expression of that view. Our scanner prices every SMMT straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a SMMT straddle into a catalyst or short a SMMT straddle to harvest decay, the options straddle setups that matter are all in one place.
