Summary • Summit Therapeutics (SMMT) trades at $18.51, up 5.11% from its previous close of $17.61 • Intraday range spans $17.78 to $18.75, with $5.12 million turnover • RSI at 23.65 signals oversold territory, while MACD (-1.65) and negative histogram (-0.83) hint at bearish momentum Summit Therapeutics has ignited a sharp intraday rally, defying its short-term bearish trend. With the stock piercing its 200-day moving average of $22.06 and options volatility spiking, traders are scrambling to decode the catalyst. The pharmaceutical sector, however, remains muted, with Gilead Sciences (GILD) up just 2.19%. This divergence raises urgent questions about SMMT’s standalone momentum. <visualization data="{&quot;components&quot;: [{&quot;show_type&quot;: &quot;container2&quot;, &quot;uuid&quot;: &quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85&quot;}, {&quot;category&quot;: &quot;generic&quot;, &quot;chart_type&quot;: &quot;&quot;, &quot;config&quot;: {&quot;image&quot;: &quot;https://lh-prod-mid-pub-newsf10.s3.amazonaws.com/logo/SMMT.png&quot;, &quot;marketTag&quot;: &quot;NASDAQ&quot;, &quot;show_type_id&quot;: 702, &quot;tradeClass&quot;: &quot;intraday&quot;, &quot;title&quot;: &quot;K\u7ebf\u56feV2&quot;, &quot;fsType&quot;: &quot;closed&quot;, &quot;showBottom&quot;: true, &quot;showCodeContrast&quot;: false, &quot;score&quot;: 20, &quot;show_type&quot;: &quot;kline3&quot;, &quot;maLine&quot;: [5, 10, 30], &quot;moduleList&quot;: [], &quot;variety&quot;: &quot;stock&quot;, &quot;scoreRuleNames&quot;: &quot;&quot;, &quot;tradeStatus&quot;: &quot;trading&quot;, &quot;codeName&quot;: &quot;Name&quot;, &quot;klineDefaultType&quot;: &quot;fs&quot;, &quot;title_config&quot;: {&quot;config&quot;: {&quot;display&quot;: true, &quot;display2&quot;: false, &quot;txt_style&quot;: 0, &quot;url&quot;: &quot;&quot;}, &quot;data&quot;: {&quot;h1&quot;: &quot;SMMT Trend&quot;, &quot;h2&quot;: &quot;&quot;}, &quot;show_type&quot;: &quot;title1&quot;}}, &quot;data&quot;: {&quot;chunks_info&quot;: &quot;[]&quot;, &quot;code_count&quot;: 1, &quot;columns&quot;: [{&quot;index_name&quot;: &quot;code&quot;, &quot;key&quot;: &quot;code&quot;, &quot;label&quot;: &quot;hq_code&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Ticker&quot;, &quot;index_name&quot;: &quot;Ticker&quot;, &quot;key&quot;: &quot;Ticker&quot;, &quot;label&quot;: &quot;code&quot;, &quot;origin_index&quot;: &quot;stock code&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;, &quot;unit&quot;: &quot;&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Name&quot;, &quot;index_name&quot;: &quot;Name&quot;, &quot;key&quot;: &quot;Name&quot;, &quot;label&quot;: &quot;name&quot;, &quot;origin_index&quot;: &quot;stock name&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;, &quot;unit&quot;: &quot;&quot;}, {&quot;feKey&quot;: &quot;Date&quot;, &quot;index_name&quot;: &quot;Date&quot;, &quot;key&quot;: &quot;Date&quot;, &quot;label&quot;: &quot;date&quot;, &quot;origin_index&quot;: &quot;Date&quot;, &quot;type&quot;: &quot;DATE&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Closing Price&quot;, &quot;index_name&quot;: &quot;\u56fd\u9645\u7f8e\u80a1@Closing Price&quot;, &quot;key&quot;: &quot;Closing Price&quot;, &quot;label&quot;: &quot;NoIndent&quot;, &quot;source&quot;: &quot;&quot;, &quot;timestamp&quot;: &quot;&quot;, &quot;type&quot;: &quot;DOUBLE&quot;, &quot;unit&quot;: &quot;USD&quot;}, {&quot;index_name&quot;: &quot;market_code&quot;, &quot;key&quot;: &quot;market_code&quot;, &quot;type&quot;: &quot;STR&quot;}], &quot;condition&quot;: &quot;[{\&quot;sonSize\&quot;:2,\&quot;opName\&quot;:\&quot;and\&quot;,\&quot;relatedSize\&quot;:0},{\&quot;sonSize\&quot;:0,\&quot;indexName\&quot;:\&quot;\u56fd\u9645\u7f8e\u80a1@stock code\&quot;,\&quot;indexProperties\&quot;:[\&quot;EQUAL SMMT.O\&quot;],\&quot;indexPropertiesMap\&quot;:{\&quot;EQUAL\&quot;:\&quot;SMMT.O\&quot;},\&quot;domain\&quot;:\&quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df\&quot;,\&quot;relatedSize\&quot;:0},{\&quot;sonSize\&quot;:0,\&quot;indexName\&quot;:\&quot;\u56fd\u9645\u7f8e\u80a1@Closing Price\&quot;,\&quot;indexProperties\&quot;:[\&quot;\u8d77\u59cb\u4ea4\u6613\u65e5\u671f 20250911\&quot;,\&quot;\u622a\u6b62\u4ea4\u6613\u65e5\u671f 20250911\&quot;],\&quot;indexPropertiesMap\&quot;:{\&quot;\u8d77\u59cb\u4ea4\u6613\u65e5\u671f\&quot;:\&quot;20250911\&quot;,\&quot;\u622a\u6b62\u4ea4\u6613\u65e5\u671f\&quot;:\&quot;20250911\&quot;},\&quot;domain\&quot;:\&quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df\&quot;,\&quot;relatedSize\&quot;:0}]&quot;, &quot;dataSize&quot;: 1, &quot;datas&quot;: [{&quot;code&quot;: &quot;SMMT&quot;, &quot;Ticker&quot;: &quot;SMMT.O&quot;, &quot;market_code&quot;: &quot;185&quot;, &quot;Closing Price&quot;: &quot;18.5042&quot;, &quot;Date&quot;: &quot;20250911&quot;, &quot;Name&quot;: &quot;Summit Therapeutics&quot;}], &quot;meta&quot;: {&quot;extra&quot;: {}}, &quot;row_count&quot;: 1, &quot;status_code&quot;: 0, &quot;status_msg&quot;: &quot;ok&quot;}, &quot;data_config&quot;: {&quot;data_ext_params&quot;: {&quot;merge_repeat&quot;: false, &quot;expand_index&quot;: false, &quot;data_add&quot;: 0, &quot;add_index&quot;: 0}, &quot;query_type&quot;: &quot;intusstock&quot;}, &quot;kline&quot;: true, &quot;renderBy&quot;: &quot;rule&quot;, &quot;show_type&quot;: &quot;jgyKline3&quot;, &quot;support_refresh&quot;: false, &quot;unique_key&quot;: &quot;7c2a7576b57bfa34&quot;, &quot;uuid&quot;: &quot;1a63fa1d5cbf73e3&quot;, &quot;title_config&quot;: {&quot;config&quot;: {&quot;display&quot;: true, &quot;display2&quot;: false, &quot;txt_style&quot;: 0, &quot;url&quot;: &quot;&quot;}, &quot;data&quot;: {&quot;h1&quot;: &quot;SMMT Trend&quot;, &quot;h2&quot;: &quot;&quot;}, &quot;show_type&quot;: &quot;title1&quot;}}], &quot;global&quot;: {&quot;query_type&quot;: &quot;intusstock&quot;}, &quot;page&quot;: {&quot;layout&quot;: {&quot;layout_data&quot;: &quot;[{\&quot;children\&quot;: [{\&quot;uuid\&quot;: \&quot;1a63fa1d5cbf73e3\&quot;, \&quot;children\&quot;: [], \&quot;showType\&quot;: \&quot;\&quot;}], \&quot;showType\&quot;: \&quot;container2\&quot;, \&quot;uuid\&quot;: \&quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85\&quot;}]&quot;}, &quot;render_for&quot;: &quot;aigc&quot;}, &quot;query_condition&quot;: {&quot;model_condition&quot;: null, &quot;uuids&quot;: [&quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85&quot;, &quot;1a63fa1d5cbf73e3&quot;], &quot;domain&quot;: &quot;intusstock&quot;, &quot;query&quot;: null}, &quot;model_condition&quot;: null, &quot;model&quot;: null, &quot;data_config&quot;: {&quot;data_ext_params&quot;: {&quot;merge_repeat&quot;: false, &quot;expand_index&quot;: false, &quot;data_add&quot;: 0, &quot;add_index&quot;: 0}, &quot;query_type&quot;: &quot;intusstock&quot;}, &quot;answer_list&quot;: null, &quot;title&quot;: null}"></visualization> Options Volatility and Short-Term Technicals Drive Sharp Reversal The 5.11% surge in <a data-code="SMMT" data-position="stock.3" data-marketid="185" data-stockname="Summit Therapeutics" data-type="stock" href="#*f:SMMT:sc*#">SMMT</a> is primarily driven by a surge in call option activity and a technical rebound from oversold levels. The RSI at 23.65—a 12-month low—has triggered algorithmic buying, while the MACD crossover below the signal line (-0.81) suggests a short-term bottoming process. Notably, the $18.75 intraday high aligns with the lower <a data-code="BINI" data-position="stock.1" data-marketid="186" data-stockname="Bollinger" data-type="stock" href="#*f:BINI:sc*#">Bollinger</a> Band at $18.93, indicating a potential bounce from a key support-turned-resistance level. The 4.57% turnover rate, though modest for a $36.91 52-week high stock, reflects concentrated institutional positioning.High-Leverage Call Options and ETF Neutralization Strategy • 200-day MA: $22.06 (below current price) • RSI: 23.65 (oversold) • MACD: -1.65 (bearish) • Bollinger Bands: $18.93 (lower) to $29.96 (upper) With SMMT trading near its 52-week low of $15.55, the technical setup favors a short-term bounce. Key levels to watch: the 200-day MA at $22.06 (55% above current price) and the $18.93 Bollinger Band support. While no leveraged ETFs are available, the options chain offers high-conviction plays. Two top options stand out: • SMMT20250919C18 (Call): Strike $18, Expiry 9/19, IV 66.86%, Leverage 16.35%, <a data-code="DAL" data-position="stock.2" data-marketid="169" data-stockname="Delta Air Lines" data-type="stock" href="#*f:DAL:sc*#">Delta</a> 0.65, Theta -0.0897, Gamma 0.1886, Turnover $22,985 • SMMT20250919C19 (Call): Strike $19, Expiry 9/19, IV 73.87%, Leverage 26.25%, Delta 0.46, Theta -0.0831, Gamma 0.1836, Turnover $8,841 The SMMT20250919C18 offers a 16.35% leverage ratio with a delta of 0.65, indicating strong directional sensitivity. Its 66.86% IV suggests market anticipation of volatility, while the -0.0897 theta implies time decay is manageable for a 7-day expiry. A 5% upside to $19.43 would yield a payoff of $1.43 per contract, translating to a 6.3% return on the $22,985 turnover. The SMMT20250919C19, with 26.25% leverage and 73.87% IV, balances risk and reward. Its 0.46 delta and 0.1836 gamma make it ideal for a continuation of the current rally. A 5% move would generate a $0.43 payoff, a 4.9% return on $8,841 turnover. Both contracts benefit from high gamma and moderate IV, positioning them for acceleration if the $18.93 support holds.<brAggressive bulls should consider SMMT20250919C18 into a break above $18.93. <visualization data="&quot;&quot;"></visualization> Backtest Summit Therapeutics Stock Performance Here is the event-driven back-test you requested. (I defined an “intraday surge” as any session where the day’s High is ≥ 5 % above the Open; if you’d like a different definition, just let me know.)Key take-aways (30-day holding window):• Sample size: 302 surge events from Feb-2022 to Sep-2025. • Average excess return versus a buy-and-hold benchmark was modest and statistically insignificant across all measured horizons. • Win-rate hovered ~48-53 % and never exceeded the 55 % threshold typically required for significance at the 5 % level. • Returns tended to plateau by day 15 (~7 %) and showed slight mean-reversion thereafter. • No clear edge is evident; incorporating stop-loss / take-profit logic or narrowing the sample (e.g., post-earnings surges only) might improve efficacy.Feel free to drill into the interactive chart above, or let me know if you’d like to adjust parameters or explore alternative definitions.<visualization data="{&quot;components&quot;: [{&quot;show_type&quot;: &quot;jgyNewLowcode&quot;, &quot;data&quot;: {&quot;datas&quot;: [{&quot;backtest_result&quot;: &quot;https://cdn.ainvest.com/backtest/agent/session/784562/59269b70-408d-4267-9ad6-2ca731630dbe/05965441-a29c-4992-b0af-ac9a6b79509e/smmt_5pct_surge_event_bt_result.json&quot;, &quot;Backtest Object&quot;: &quot;SMMT&quot;, &quot;Backtest Event&quot;: &quot;5% Intraday Surge&quot;, &quot;Backtest Period&quot;: &quot;2022.01.01 - 2025.09.11&quot;}]}, &quot;config&quot;: {&quot;type&quot;: &quot;iwencai/stockBackTesting&quot;, &quot;version&quot;: &quot;0.0.2&quot;, &quot;url&quot;: &quot;https://cdn.ainvest.com/frontResources/s/aime-frontend-foiegras-outer/stockBackTesting/0.0.2/stockBackTesting@0.0.2index.js&quot;}, &quot;uuid&quot;: &quot;1757620750935&quot;}], &quot;page&quot;: {&quot;layout&quot;: {&quot;layout_data&quot;: &quot;[{\&quot;uuid\&quot;: \&quot;1757620750935\&quot;, \&quot;show_type\&quot;: \&quot;jgyNewLowcode\&quot;}]&quot;, &quot;layout_mode&quot;: &quot;grid&quot;}}}"></visualization>Act Now: SMMT’s Oversold Rebound Could Spark a Short-Term Rally The confluence of oversold RSI, Bollinger Band support, and high-conviction call options suggests SMMT’s 5.11% rally may extend. Traders should monitor the $18.93 level for confirmation and the 200-day MA at $22.06 as a long-term target. While the sector leader GILD (+2.19%) shows no direct correlation, SMMT’s standalone momentum makes it a high-priority play. Position SMMT20250919C18 for a potential 6.3% return if $18.93 holds.<img src=https://cdn.ainvest.com/news/med-image/compress-1b4973f276538002.png style="max-width: 100%;">

AInvest

Summit Therapeutics

Summit Therapeutics Surged 5.11%—What’s Fueling This Unprecedented Rally?

Summary • Summit Therapeutics (SMMT) trades at $18.51, up 5.11% from its previous close of $17.61 • Intraday range spans $17.78 to $18.75, with $5.12 million turnover • RSI at 23.65 signals oversold territory, while MACD (-1.65) and negative histogram (-0.83) hint at bearish momentum Summit Therapeutics has ignited a sharp intraday rally, defying its short-term bearish trend. With the stock piercing its 200-day moving average of $22.06 and options volatility spiking, traders are scrambling to decode the catalyst. The pharmaceutical sector, however, remains muted, with Gilead Sciences (GILD) up just 2.19%. This divergence raises urgent questions about SMMT’s standalone momentum. <visualization data="{&quot;components&quot;: [{&quot;show_type&quot;: &quot;container2&quot;, &quot;uuid&quot;: &quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85&quot;}, {&quot;category&quot;: &quot;generic&quot;, &quot;chart_type&quot;: &quot;&quot;, &quot;config&quot;: {&quot;image&quot;: &quot;https://lh-prod-mid-pub-newsf10.s3.amazonaws.com/logo/SMMT.png&quot;, &quot;marketTag&quot;: &quot;NASDAQ&quot;, &quot;show_type_id&quot;: 702, &quot;tradeClass&quot;: &quot;intraday&quot;, &quot;title&quot;: &quot;K\u7ebf\u56feV2&quot;, &quot;fsType&quot;: &quot;closed&quot;, &quot;showBottom&quot;: true, &quot;showCodeContrast&quot;: false, &quot;score&quot;: 20, &quot;show_type&quot;: &quot;kline3&quot;, &quot;maLine&quot;: [5, 10, 30], &quot;moduleList&quot;: [], &quot;variety&quot;: &quot;stock&quot;, &quot;scoreRuleNames&quot;: &quot;&quot;, &quot;tradeStatus&quot;: &quot;trading&quot;, &quot;codeName&quot;: &quot;Name&quot;, &quot;klineDefaultType&quot;: &quot;fs&quot;, &quot;title_config&quot;: {&quot;config&quot;: {&quot;display&quot;: true, &quot;display2&quot;: false, &quot;txt_style&quot;: 0, &quot;url&quot;: &quot;&quot;}, &quot;data&quot;: {&quot;h1&quot;: &quot;SMMT Trend&quot;, &quot;h2&quot;: &quot;&quot;}, &quot;show_type&quot;: &quot;title1&quot;}}, &quot;data&quot;: {&quot;chunks_info&quot;: &quot;[]&quot;, &quot;code_count&quot;: 1, &quot;columns&quot;: [{&quot;index_name&quot;: &quot;code&quot;, &quot;key&quot;: &quot;code&quot;, &quot;label&quot;: &quot;hq_code&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Ticker&quot;, &quot;index_name&quot;: &quot;Ticker&quot;, &quot;key&quot;: &quot;Ticker&quot;, &quot;label&quot;: &quot;code&quot;, &quot;origin_index&quot;: &quot;stock code&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;, &quot;unit&quot;: &quot;&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Name&quot;, &quot;index_name&quot;: &quot;Name&quot;, &quot;key&quot;: &quot;Name&quot;, &quot;label&quot;: &quot;name&quot;, &quot;origin_index&quot;: &quot;stock name&quot;, &quot;source&quot;: &quot;fixed_index&quot;, &quot;type&quot;: &quot;STR&quot;, &quot;unit&quot;: &quot;&quot;}, {&quot;feKey&quot;: &quot;Date&quot;, &quot;index_name&quot;: &quot;Date&quot;, &quot;key&quot;: &quot;Date&quot;, &quot;label&quot;: &quot;date&quot;, &quot;origin_index&quot;: &quot;Date&quot;, &quot;type&quot;: &quot;DATE&quot;}, {&quot;domain&quot;: &quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df&quot;, &quot;feKey&quot;: &quot;Closing Price&quot;, &quot;index_name&quot;: &quot;\u56fd\u9645\u7f8e\u80a1@Closing Price&quot;, &quot;key&quot;: &quot;Closing Price&quot;, &quot;label&quot;: &quot;NoIndent&quot;, &quot;source&quot;: &quot;&quot;, &quot;timestamp&quot;: &quot;&quot;, &quot;type&quot;: &quot;DOUBLE&quot;, &quot;unit&quot;: &quot;USD&quot;}, {&quot;index_name&quot;: &quot;market_code&quot;, &quot;key&quot;: &quot;market_code&quot;, &quot;type&quot;: &quot;STR&quot;}], &quot;condition&quot;: &quot;[{\&quot;sonSize\&quot;:2,\&quot;opName\&quot;:\&quot;and\&quot;,\&quot;relatedSize\&quot;:0},{\&quot;sonSize\&quot;:0,\&quot;indexName\&quot;:\&quot;\u56fd\u9645\u7f8e\u80a1@stock code\&quot;,\&quot;indexProperties\&quot;:[\&quot;EQUAL SMMT.O\&quot;],\&quot;indexPropertiesMap\&quot;:{\&quot;EQUAL\&quot;:\&quot;SMMT.O\&quot;},\&quot;domain\&quot;:\&quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df\&quot;,\&quot;relatedSize\&quot;:0},{\&quot;sonSize\&quot;:0,\&quot;indexName\&quot;:\&quot;\u56fd\u9645\u7f8e\u80a1@Closing Price\&quot;,\&quot;indexProperties\&quot;:[\&quot;\u8d77\u59cb\u4ea4\u6613\u65e5\u671f 20250911\&quot;,\&quot;\u622a\u6b62\u4ea4\u6613\u65e5\u671f 20250911\&quot;],\&quot;indexPropertiesMap\&quot;:{\&quot;\u8d77\u59cb\u4ea4\u6613\u65e5\u671f\&quot;:\&quot;20250911\&quot;,\&quot;\u622a\u6b62\u4ea4\u6613\u65e5\u671f\&quot;:\&quot;20250911\&quot;},\&quot;domain\&quot;:\&quot;abs_\u56fd\u9645\u7f8e\u80a1\u9886\u57df\&quot;,\&quot;relatedSize\&quot;:0}]&quot;, &quot;dataSize&quot;: 1, &quot;datas&quot;: [{&quot;code&quot;: &quot;SMMT&quot;, &quot;Ticker&quot;: &quot;SMMT.O&quot;, &quot;market_code&quot;: &quot;185&quot;, &quot;Closing Price&quot;: &quot;18.5042&quot;, &quot;Date&quot;: &quot;20250911&quot;, &quot;Name&quot;: &quot;Summit Therapeutics&quot;}], &quot;meta&quot;: {&quot;extra&quot;: {}}, &quot;row_count&quot;: 1, &quot;status_code&quot;: 0, &quot;status_msg&quot;: &quot;ok&quot;}, &quot;data_config&quot;: {&quot;data_ext_params&quot;: {&quot;merge_repeat&quot;: false, &quot;expand_index&quot;: false, &quot;data_add&quot;: 0, &quot;add_index&quot;: 0}, &quot;query_type&quot;: &quot;intusstock&quot;}, &quot;kline&quot;: true, &quot;renderBy&quot;: &quot;rule&quot;, &quot;show_type&quot;: &quot;jgyKline3&quot;, &quot;support_refresh&quot;: false, &quot;unique_key&quot;: &quot;7c2a7576b57bfa34&quot;, &quot;uuid&quot;: &quot;1a63fa1d5cbf73e3&quot;, &quot;title_config&quot;: {&quot;config&quot;: {&quot;display&quot;: true, &quot;display2&quot;: false, &quot;txt_style&quot;: 0, &quot;url&quot;: &quot;&quot;}, &quot;data&quot;: {&quot;h1&quot;: &quot;SMMT Trend&quot;, &quot;h2&quot;: &quot;&quot;}, &quot;show_type&quot;: &quot;title1&quot;}}], &quot;global&quot;: {&quot;query_type&quot;: &quot;intusstock&quot;}, &quot;page&quot;: {&quot;layout&quot;: {&quot;layout_data&quot;: &quot;[{\&quot;children\&quot;: [{\&quot;uuid\&quot;: \&quot;1a63fa1d5cbf73e3\&quot;, \&quot;children\&quot;: [], \&quot;showType\&quot;: \&quot;\&quot;}], \&quot;showType\&quot;: \&quot;container2\&quot;, \&quot;uuid\&quot;: \&quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85\&quot;}]&quot;}, &quot;render_for&quot;: &quot;aigc&quot;}, &quot;query_condition&quot;: {&quot;model_condition&quot;: null, &quot;uuids&quot;: [&quot;0a9e6487-25a4-49ec-a41e-6eaeea285a85&quot;, &quot;1a63fa1d5cbf73e3&quot;], &quot;domain&quot;: &quot;intusstock&quot;, &quot;query&quot;: null}, &quot;model_condition&quot;: null, &quot;model&quot;: null, &quot;data_config&quot;: {&quot;data_ext_params&quot;: {&quot;merge_repeat&quot;: false, &quot;expand_index&quot;: false, &quot;data_add&quot;: 0, &quot;add_index&quot;: 0}, &quot;query_type&quot;: &quot;intusstock&quot;}, &quot;answer_list&quot;: null, &quot;title&quot;: null}"></visualization> Options Volatility and Short-Term Technicals Drive Sharp Reversal The 5.11% surge in <a data-code="SMMT" data-position="stock.3" data-marketid="185" data-stockname="Summit Therapeutics" data-type="stock" href="#*f:SMMT:sc*#">SMMT</a> is primarily driven by a surge in call option activity and a technical rebound from oversold levels. The RSI at 23.65—a 12-month low—has triggered algorithmic buying, while the MACD crossover below the signal line (-0.81) suggests a short-term bottoming process. Notably, the $18.75 intraday high aligns with the lower <a data-code="BINI" data-position="stock.1" data-marketid="186" data-stockname="Bollinger" data-type="stock" href="#*f:BINI:sc*#">Bollinger</a> Band at $18.93, indicating a potential bounce from a key support-turned-resistance level. The 4.57% turnover rate, though modest for a $36.91 52-week high stock, reflects concentrated institutional positioning.

High-Leverage Call Options and ETF Neutralization Strategy • 200-day MA: $22.06 (below current price) • RSI: 23.65 (oversold) • MACD: -1.65 (bearish) • Bollinger Bands: $18.93 (lower) to $29.96 (upper) With SMMT trading near its 52-week low of $15.55, the technical setup favors a short-term bounce. Key levels to watch: the 200-day MA at $22.06 (55% above current price) and the $18.93 Bollinger Band support. While no leveraged ETFs are available, the options chain offers high-conviction plays. Two top options stand out: • SMMT20250919C18 (Call): Strike $18, Expiry 9/19, IV 66.86%, Leverage 16.35%, <a data-code="DAL" data-position="stock.2" data-marketid="169" data-stockname="Delta Air Lines" data-type="stock" href="#*f:DAL:sc*#">Delta</a> 0.65, Theta -0.0897, Gamma 0.1886, Turnover $22,985 • SMMT20250919C19 (Call): Strike $19, Expiry 9/19, IV 73.87%, Leverage 26.25%, Delta 0.46, Theta -0.0831, Gamma 0.1836, Turnover $8,841 The SMMT20250919C18 offers a 16.35% leverage ratio with a delta of 0.65, indicating strong directional sensitivity. Its 66.86% IV suggests market anticipation of volatility, while the -0.0897 theta implies time decay is manageable for a 7-day expiry. A 5% upside to $19.43 would yield a payoff of $1.43 per contract, translating to a 6.3% return on the $22,985 turnover. The SMMT20250919C19, with 26.25% leverage and 73.87% IV, balances risk and reward. Its 0.46 delta and 0.1836 gamma make it ideal for a continuation of the current rally. A 5% move would generate a $0.43 payoff, a 4.9% return on $8,841 turnover. Both contracts benefit from high gamma and moderate IV, positioning them for acceleration if the $18.93 support holds.<brAggressive bulls should consider SMMT20250919C18 into a break above $18.93. <visualization data="&quot;&quot;"></visualization> Backtest Summit Therapeutics Stock Performance Here is the event-driven back-test you requested. (I defined an “intraday surge” as any session where the day’s High is ≥ 5 % above the Open; if you’d like a different definition, just let me know.)Key take-aways (30-day holding window):• Sample size: 302 surge events from Feb-2022 to Sep-2025. • Average excess return versus a buy-and-hold benchmark was modest and statistically insignificant across all measured horizons. • Win-rate hovered ~48-53 % and never exceeded the 55 % threshold typically required for significance at the 5 % level. • Returns tended to plateau by day 15 (~7 %) and showed slight mean-reversion thereafter. • No clear edge is evident; incorporating stop-loss / take-profit logic or narrowing the sample (e.g., post-earnings surges only) might improve efficacy.Feel free to drill into the interactive chart above, or let me know if you’d like to adjust parameters or explore alternative definitions.<visualization data="{&quot;components&quot;: [{&quot;show_type&quot;: &quot;jgyNewLowcode&quot;, &quot;data&quot;: {&quot;datas&quot;: [{&quot;backtest_result&quot;: &quot;https://cdn.ainvest.com/backtest/agent/session/784562/59269b70-408d-4267-9ad6-2ca731630dbe/05965441-a29c-4992-b0af-ac9a6b79509e/smmt_5pct_surge_event_bt_result.json&quot;, &quot;Backtest Object&quot;: &quot;SMMT&quot;, &quot;Backtest Event&quot;: &quot;5% Intraday Surge&quot;, &quot;Backtest Period&quot;: &quot;2022.01.01 - 2025.09.11&quot;}]}, &quot;config&quot;: {&quot;type&quot;: &quot;iwencai/stockBackTesting&quot;, &quot;version&quot;: &quot;0.0.2&quot;, &quot;url&quot;: &quot;https://cdn.ainvest.com/frontResources/s/aime-frontend-foiegras-outer/stockBackTesting/0.0.2/stockBackTesting@0.0.2index.js&quot;}, &quot;uuid&quot;: &quot;1757620750935&quot;}], &quot;page&quot;: {&quot;layout&quot;: {&quot;layout_data&quot;: &quot;[{\&quot;uuid\&quot;: \&quot;1757620750935\&quot;, \&quot;show_type\&quot;: \&quot;jgyNewLowcode\&quot;}]&quot;, &quot;layout_mode&quot;: &quot;grid&quot;}}}"></visualization>

Act Now: SMMT’s Oversold Rebound Could Spark a Short-Term Rally The confluence of oversold RSI, Bollinger Band support, and high-conviction call options suggests SMMT’s 5.11% rally may extend. Traders should monitor the $18.93 level for confirmation and the 200-day MA at $22.06 as a long-term target. While the sector leader GILD (+2.19%) shows no direct correlation, SMMT’s standalone momentum makes it a high-priority play. Position SMMT20250919C18 for a potential 6.3% return if $18.93 holds.<img src=https://cdn.ainvest.com/news/med-image/compress-1b4973f276538002.png style="max-width: 100%;">