SBAC250919P00150000 Option on SBA Communications Corp
SBAC Stock | USD 239.35 4.98 2.12% |
SBAC250919P00150000 is a PUT option contract on SBA Communications' common stock with a strick price of 150.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at an ask price of $2.15. The implied volatility as of the 23rd of July is 58.0.
A put option written on SBA Communications becomes more valuable as the price of SBA Communications drops. Conversely, SBA Communications' put option loses its value as SBA Stock rises.
Rule 16 of 2025-09-19 Option Contract
The options market is anticipating that SBA Communications Corp will have an average daily up or down price movement of about 0.0442% per day over the life of the option. With SBA Communications trading at USD 239.35, that is roughly USD 0.11. If you think that the market is fully understating SBA Communications' daily price movement you should consider buying SBA Communications Corp options at that current volatility level of 0.71%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on SBA Communications
An 'Out of The Money' option on SBA has a strike price that SBA Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for SBA Communications' 'Out of The Money' options include buying the options if you expect a big move in SBA Communications' stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract Name | SBAC250919P00150000 |
Expires On | 2025-09-19 |
Days Before Expriration | 58 |
Vega | 0.0757 |
Gamma | 0.001157 |
Theoretical Value | 1.08 |
Open Interest | 4 |
Strike Price | 150.0 |
Current Price Spread | 0.0 | 2.15 |
Rule 16 Daily Up or Down | USD 0.11 |
SBA short PUT Option Greeks
SBA Communications' Option Greeks for the contract ending on 2025-09-19 at a strike price of 150.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to SBA Communications' option greeks, its implied volatility helps estimate the risk of SBA Communications stock implied by the prices of the options on SBA Communications' stock.
Delta | -0.035787 | |
Gamma | 0.001157 | |
Theta | -0.044649 | |
Vega | 0.0757 | |
Rho | -0.014519 |
SBA long PUT Option Payoff at expiration
Put options written on SBA Communications grant holders of the option the right to sell a specified amount of SBA Communications at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of SBA Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on SBA Communications is like buying insurance aginst SBA Communications' downside shift.
Profit |
SBA Communications Price At Expiration |
SBA short PUT Option Payoff at expiration
By selling SBA Communications' put option, the investors signal their bearish sentiment. A short position in a put option written on SBA Communications will generally make money when the underlying price is above the strike price. Therefore SBA Communications' put payoff at expiration depends on where the SBA Stock price is relative to the put option strike price. The breakeven price of 148.92 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to SBA Communications' price. Finally, at the strike price of 150.0, the payoff chart is constant and positive.
Profit |
SBA Communications Price At Expiration |
SBA Communications Corp Available Put Options
SBA Communications' option chain is a display of a range of information that helps investors for ways to trade options on SBA. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SBA. It also shows strike prices and maturity days for a SBA Communications 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 | |||
Put | SBAC250919P00120000 | 1 | 120.0 | 0.0 - 2.15 | 2.15 | Out |
Put | SBAC250919P00125000 | 1 | 125.0 | 0.0 - 2.15 | 2.15 | Out |
Put | SBAC250919P00145000 | 3 | 145.0 | 0.0 - 2.15 | 2.15 | Out |
Put | SBAC250919P00150000 | 4 | 150.0 | 0.0 - 2.15 | 2.15 | Out |
Put | SBAC250919P00155000 | 8 | 155.0 | 0.0 - 2.15 | 2.15 | Out |
Put | SBAC250919P00160000 | 2 | 160.0 | 0.0 - 1.95 | 1.95 | Out |
Put | SBAC250919P00170000 | 8 | 170.0 | 0.0 - 1.95 | 1.95 | Out |
Put | SBAC250919P00175000 | 1 | 175.0 | 0.0 - 1.95 | 1.95 | Out |
Put | SBAC250919P00180000 | 47 | 180.0 | 0.0 - 1.95 | 0.9 | Out |
Put | SBAC250919P00185000 | 2 | 185.0 | 0.0 - 2.2 | 2.5 | Out |
Put | SBAC250919P00190000 | 9 | 190.0 | 0.0 - 2.35 | 2.7 | Out |
Put | SBAC250919P00195000 | 3 | 195.0 | 0.0 - 2.45 | 2.45 | Out |
Put | SBAC250919P00200000 | 10 | 200.0 | 0.0 - 2.65 | 3.8 | Out |
Put | SBAC250919P00210000 | 112 | 210.0 | 0.0 - 3.2 | 2.45 | Out |
Put | SBAC250919P00220000 | 34 | 220.0 | 0.25 - 4.2 | 3.2 | Out |
Put | SBAC250919P00230000 | 14 | 230.0 | 2.75 - 6.5 | 7.6 | Out |
Put | SBAC250919P00240000 | 36 | 240.0 | 7.8 - 9.4 | 9.4 | Out |
Put | SBAC250919P00250000 | 0 | 250.0 | 12.7 - 16.5 | 12.7 | In |
Put | SBAC250919P00260000 | 0 | 260.0 | 20.3 - 24.0 | 20.3 | In |
Put | SBAC250919P00270000 | 0 | 270.0 | 29.3 - 33.0 | 29.3 | In |
Put | SBAC250919P00280000 | 0 | 280.0 | 39.1 - 42.6 | 39.1 | In |
Put | SBAC250919P00290000 | 0 | 290.0 | 48.9 - 53.0 | 48.9 | In |
Put | SBAC250919P00300000 | 0 | 300.0 | 58.8 - 62.9 | 58.8 | In |
Put | SBAC250919P00310000 | 0 | 310.0 | 68.7 - 72.9 | 68.7 | In |
Put | SBAC250919P00320000 | 0 | 320.0 | 78.7 - 82.8 | 78.7 | In |
SBA Communications Corporate Executives
Elected by the shareholders, the SBA Communications' board of directors comprises two types of representatives: SBA Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SBA. The board's role is to monitor SBA Communications' management team and ensure that shareholders' interests are well served. SBA Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SBA Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
Marc Montagner | Executive CFO | Profile |
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Is Telecom Tower 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 SBA Communications. If investors know SBA 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 SBA Communications 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 0.437 | Dividend Share 4.05 | Earnings Share 7.57 | Revenue Per Share | Quarterly Revenue Growth 0.01 |
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' 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 SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' 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 SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' 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.