First Week of November 19th Options Trading For Summit Materials
July 28, 2021 at 10:42 AM EDT
Investors in Summit Materials Inc (SUM) saw new options begin trading this week, for the November 19th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 114 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..