Summit Therapeutics Inc. (SMMT)
NASDAQ: SMMT
· Real-Time Price · USD
26.67
0.22 (0.83%)
At close: Aug 15, 2025, 3:59 PM
26.50
-0.64%
After-hours: Aug 15, 2025, 07:37 PM EDT
SMMT Delta Exposure By Expiry
The total Delta Exposure (DEX) for SMMT across all expirations shows 645,487.7 net shares that market makers must hedge, with 1,041,788.07 from calls and 396,300.37 from puts. The put-call delta ratio of 0.38 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 327,448.33 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SMMT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 9,020.25 | -13,691.83 | -4,671.58 | 1.52 |
| Aug 29, 25 | 15,112.7 | -2,626.78 | 12,485.92 | 0.17 |
| Sep 5, 25 | 23,822.85 | -4,399.45 | 19,423.4 | 0.18 |
| Sep 12, 25 | 3,873.05 | -389.77 | 3,483.28 | 0.10 |
| Sep 19, 25 | 444,447.13 | -116,998.8 | 327,448.33 | 0.26 |
| Sep 26, 25 | 1,842.27 | -103.78 | 1,738.49 | 0.06 |
| Oct 17, 25 | 176,373.74 | -35,430.56 | 140,943.18 | 0.20 |
| Dec 19, 25 | 89,522.65 | -24,740.69 | 64,781.96 | 0.28 |
| Jan 16, 26 | 212,302.91 | -178,781.71 | 33,521.2 | 0.84 |
| Apr 17, 26 | 0 | -13.45 | -13.45 | n/a |
| Jan 15, 27 | 65,470.52 | -19,123.55 | 46,346.97 | 0.29 |