Shares
No view
No fair value for SMR today: only 1 of 4 models has usable inputs, and one model is a guess. A trailing loss of $416M leaves no earnings to multiply. Free cash flow of minus $779M leaves nothing for the cash-flow model or the DCF. Those are its own reported figures, not a gap in our data.
How we value it ›Prices as of 11:50 PM ET, Sep 21. Check the live quote before you send an order.
The put
Skip
Skip the put. It pays a lot because SMR can drop a lot. Wait, or buy shares.
If it goes against you: you buy 100 shares at $8, which after the $34 you keep works out to $7.66 a share. Below $7.66 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$34 (limit about $0.34)
If it fallsBuy 100 shares at $8
Cash to hold$800
Close earlyBuy back at about $0.20 ($20)
Chance you buy the sharesabout 27 in 100
ContractSMR Oct 16 $8 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $8 strike, 25 days out. Pays $34. Roughly a 27-in-100 chance you end up buying the shares.
On paper: 62% a year. That number assumes SMR keeps moving like it did the past two years. Take that away and it is -44% a year. That is why we say skip.
Next earnings Nov 5, after this put ends. We never sell a put across a report.