2024-06-21 CALL at $210.0 Option on SBA Communications Corp
| SBAC Stock | USD 196.68 3.48 1.80% |
2024-06-21 CALL at $210.0 is a CALL option contract on SBA Communications' common stock with a strick price of 210.0 expiring on 2024-06-21. The contract was last traded on 2024-05-30 at 15:55:45 for $0.55 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $0.3, and an ask price of $1.5. The implied volatility as of the 3rd of June is 25.63.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBA Communications Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
SBA |
Call options on SBA Communications give the investor right to buy SBA Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy SBA Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If SBA Communications' price is above the strike price at expiry, the profit is the current SBA Communications' stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that SBA Communications Corp will have an average daily up or down price movement of about 1.6% per day over the life of the option. With SBA Communications trading at USD 196.68, that is roughly USD 3.15. 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 25.63%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call 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.
| Call Contract Name | 2024-06-21 CALL at $210.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 18 |
| Last Traded On | 2024-05-30 15:55:45 |
| Contract Period | MONTHLY |
| Open Interest | 126 |
| Current Trading Volume | 0.0 |
| Strike Price | 210.0 |
| Last Traded At | 0.55 |
| Current Price Spread | 0.3 | 1.5 |
| Rule 16 Daily Up or Down | USD3.15 |
SBA short CALL Option Greeks
SBA Communications' Option Greeks for the contract ending on 2024-06-21 at a strike price of 210.0 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 | 0.1509 | |
| Gamma | 0.0198 | |
| Theta | -0.0716 | |
| Vega | 0.1077 | |
| Rho | 0.0158 |
SBA long CALL Option Payoff at expiration
Buying SBA Communications' call option is the simplest of option trades. A call option on SBA Stock gives investors the right (but not the obligation) to purchase SBA Communications at the given strike price. Therefore SBA Communications' call intrinsic value or payoff at expiration depends on where the SBA Stock price is relative to the call option strike price. The strike price of 210.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with SBA Communications' price. Finally, at the break-even point of 210.9, the line crosses zero, and trading SBA becomes profitable.
Profit |
| SBA Communications Price At Expiration |
SBA short CALL Option Payoff at expiration
By selling SBA Communications' call option, the investors signals his or her bearish sentiment. A short position in a call option written on SBA Communications will generally make money when the underlying price goes down. Therefore SBA Communications' call intrinsic value or payoff at expiration depends on where the SBA Stock price is relative to the call option strike price. The strike price of 210.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to SBA Communications' price. Finally, at the break-even point of 210.9, the line crosses zero, and trading SBA becomes disadvantageous with no downside limits.
Profit |
| SBA Communications Price At Expiration |
SBA Communications Corp Available Call 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.
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-21 CALL at $100.0 | 0.9843 | 6.0E-4 | 0 | 2024-06-21 | 92.3 - 102.0 | 0.0 | In |
Call | 2024-06-21 CALL at $105.0 | 0.9851 | 6.0E-4 | 0 | 2024-06-21 | 87.2 - 97.0 | 0.0 | In |
Call | 2024-06-21 CALL at $110.0 | 0.9846 | 6.0E-4 | 0 | 2024-06-21 | 82.2 - 92.0 | 0.0 | In |
Call | 2024-06-21 CALL at $115.0 | 0.9806 | 8.0E-4 | 0 | 2024-06-21 | 77.4 - 87.0 | 0.0 | In |
Call | 2024-06-21 CALL at $120.0 | 0.9836 | 8.0E-4 | 0 | 2024-06-21 | 72.2 - 82.0 | 0.0 | In |
Call | 2024-06-21 CALL at $125.0 | 0.9789 | 0.001 | 0 | 2024-06-21 | 67.4 - 77.0 | 0.0 | In |
Call | 2024-06-21 CALL at $130.0 | 0.978 | 0.0012 | 0 | 2024-06-21 | 62.4 - 72.0 | 0.0 | In |
Call | 2024-06-21 CALL at $135.0 | 0.9819 | 0.0011 | 0 | 2024-06-21 | 57.2 - 67.0 | 0.0 | In |
Call | 2024-06-21 CALL at $140.0 | 0.9813 | 0.0013 | 0 | 2024-06-21 | 52.2 - 62.0 | 0.0 | In |
Call | 2024-06-21 CALL at $145.0 | 0.9806 | 0.0015 | 0 | 2024-06-21 | 47.2 - 57.0 | 0.0 | In |
Call | 2024-06-21 CALL at $150.0 | 0.9764 | 0.0019 | 0 | 2024-06-21 | 42.3 - 52.0 | 0.0 | In |
Call | 2024-06-21 CALL at $155.0 | 0.9648 | 0.0028 | 0 | 2024-06-21 | 37.6 - 47.0 | 0.0 | In |
Call | 2024-06-21 CALL at $160.0 | 0.9585 | 0.0036 | 0 | 2024-06-21 | 32.7 - 42.0 | 0.0 | In |
Call | 2024-06-21 CALL at $165.0 | 0.9441 | 0.0049 | 3 | 2024-06-21 | 28.0 - 37.0 | 87.2 | In |
Call | 2024-06-21 CALL at $170.0 | 0.9271 | 0.0066 | 0 | 2024-06-21 | 23.2 - 32.1 | 0.0 | In |
Call | 2024-06-21 CALL at $175.0 | 0.8878 | 0.0095 | 2 | 2024-06-21 | 19.0 - 27.2 | 17.31 | In |
Call | 2024-06-21 CALL at $180.0 | 0.8437 | 0.013 | 5 | 2024-06-21 | 14.6 - 22.5 | 11.8 | In |
Call | 2024-06-21 CALL at $185.0 | 0.7732 | 0.0171 | 12 | 2024-06-21 | 11.3 - 17.5 | 14.5 | In |
Call | 2024-06-21 CALL at $190.0 | 0.7137 | 0.0252 | 46 | 2024-06-21 | 7.7 - 12.3 | 9.5 | In |
Call | 2024-06-21 CALL at $195.0 | 0.5726 | 0.0286 | 64 | 2024-06-21 | 5.8 - 6.5 | 6.5 | In |
Call | 2024-06-21 CALL at $200.0 | 0.4129 | 0.033 | 197 | 2024-06-21 | 3.4 - 4.1 | 3.4 | Out |
Call | 2024-06-21 CALL at $210.0 | 0.1509 | 0.0198 | 126 | 2024-06-21 | 0.3 - 1.5 | 0.55 | Out |
Call | 2024-06-21 CALL at $220.0 | 0.1344 | 0.0115 | 691 | 2024-06-21 | 0.05 - 2.4 | 0.1 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SBA Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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 |
Already Invested in SBA Communications Corp?
The danger of trading SBA Communications Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SBA Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SBA Communications. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SBA Communications Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SBA Communications Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBA Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sba Communications Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sba Communications Corp Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBA Communications Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the SBA Communications Corp information on this page should be used as a complementary analysis to other SBA Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for SBA Stock analysis
When running SBA Communications' price analysis, check to measure SBA Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.
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Is SBA Communications' industry 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 0.527 | Dividend Share 3.53 | Earnings Share 5.09 | Revenue Per Share 24.898 | Quarterly Revenue Growth (0.03) |
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.