Summit Hotel Stock Options
| INN Stock | USD 6.78 0.02 0.30% |
Summit Hotel's latest option contracts expiring on January 17th 2025 are carrying combined implied volatility of 3.12. The Summit Hotel option chain provides detailed quote and price information for the current Summit Hotel Properties option contracts. It shows all of Summit Hotel's listed puts, calls, expiration dates, strike prices, and other pricing information.
In The Money vs. Out of Money Option Contracts on Summit Hotel
Analyzing Summit Hotel's in-the-money options over time can help investors to take a profitable long position in Summit Hotel regardless of its overall volatility. This is especially true when Summit Hotel's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Summit Hotel's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Summit Hotel's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Summit Hotel lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Summit Hotel's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Summit Hotel contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Summit Stock moves the wrong way.
Summit Hotel Properties In The Money Call Balance
When Summit Hotel's strike price is surpassing the current stock price, the option contract against Summit Hotel Properties stock is said to be in the money. When it comes to buying Summit Hotel's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Summit Hotel Properties are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Summit Current Options Market Mood
Summit Hotel's 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 Hotel's options investors are not very successful. Summit Hotel's 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 Hotel Properties will have an average daily up or down price movement of about 0.2% per day over the life of the 2025-01-17 option contract. With Summit Hotel trading at USD 6.78, that is roughly USD 0.0132. If you think that the market is fully incorporating Summit Hotel's daily price movement you should consider buying Summit Hotel Properties options at the current volatility level of 3.12%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Summit |
Purchasing Summit Hotel 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 Hotel Properties stock to the call owner when a call is exercised.
Summit Hotel Option Chain
When Summit Hotel's strike price is surpassing the current stock price, the option contract against Summit Hotel Properties 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 Hotel's 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 Hotel 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 Int | Strike Price | Current Spread | Last Price | |||
Call | INN250117C00002500 | 0 | 2.5 | 1.65 - 4.4 | 1.65 | In |
Call | INN250117C00005000 | 0 | 5.0 | 0.0 - 4.5 | 4.5 | In |
Call | INN250117C00007500 | 0 | 7.5 | 0.0 - 1.95 | 1.95 | |
Call | INN250117C00010000 | 0 | 10.0 | 0.0 - 4.8 | 4.8 | |
Call | INN250117C00012500 | 0 | 12.5 | 0.0 - 4.8 | 4.8 | |
Put | INN250117P00002500 | 0 | 2.5 | 0.0 - 4.8 | 4.8 | |
Put | INN250117P00005000 | 0 | 5.0 | 0.0 - 1.35 | 1.35 | |
Put | INN250117P00007500 | 0 | 7.5 | 0.0 - 2.7 | 2.7 | In |
Put | INN250117P00010000 | 0 | 10.0 | 1.1 - 5.8 | 1.1 | In |
Put | INN250117P00012500 | 0 | 12.5 | 3.6 - 7.7 | 3.6 | In |
Summit Total Stockholder Equity
Total Stockholder Equity |
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Summit Hotel Corporate Directors
| Hope Taitz | Independent Director | Profile | |
| Kenneth Kay | Independent Director | Profile | |
| Thomas Storey | Independent Director | Profile | |
| Bjorn Hanson | Independent Director | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.