SBAC · Sba Communications Corp

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$186.23 +11.30 (+6.46%) At close · Jul 29

Market Cap

$18.55B

106.06M

Options Chain

15-min delayed Underlying $186.23 · today Options Calculator

Positioning

Aug 21, 2026 · 22 days to expiry · 44 contracts

Put / call OI

2.79

Put-heavy positioning

Open interest

1,288

contracts outstanding

Volume

traded today

Max pain

$185.00

$1.23 below spot

ATM implied vol

34.9%

market's expected move

Open interest by strike

Calls Puts

140

145

150

155

160

165

170

175

180

185

190

195

200

210

220

230

240

250

260

270

280

290

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 22d Sep 18 50d Oct 16 78d Nov 20 113d Dec 18 141d Mar 19 232d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	63.1%	0.971	—		$0.45	-0.033	65.4%	1	3
Call · $140 In the money Last — Breakeven — Implied vol 63.1% Delta 0.971 ≈97% ITM Gamma 0.002 Theta -0.042 Vega 0.041 Open interest 0 Model this call Put · $140 Last $0.45 Breakeven $139.55 Implied vol 65.4% Delta -0.033 ≈3% ITM Gamma 0.002 Theta -0.048 Vega 0.041 Open interest 3 Model this put
2	2	56%	0.969	$44.62		$0.80	-0.036	58.5%	1	2
Call · $145 In the money Last $44.62 Breakeven $189.62 Implied vol 56% Delta 0.969 ≈97% ITM Gamma 0.003 Theta -0.04 Vega 0.042 Open interest 2 Model this call Put · $145 Last $0.80 Breakeven $144.20 Implied vol 58.5% Delta -0.036 ≈4% ITM Gamma 0.003 Theta -0.047 Vega 0.042 Open interest 2 Model this put
0	—	55%	0.95	—		$1.35	-0.044	53%	2	3
Call · $150 In the money Last — Breakeven — Implied vol 55% Delta 0.95 ≈95% ITM Gamma 0.004 Theta -0.059 Vega 0.042 Open interest 0 Model this call Put · $150 Last $1.35 Breakeven $148.65 Implied vol 53% Delta -0.044 ≈4% ITM Gamma 0.004 Theta -0.05 Vega 0.042 Open interest 3 Model this put
0	—	50.4%	0.938	—		$0.70	-0.065	51.4%	1	5
Call · $155 In the money Last — Breakeven — Implied vol 50.4% Delta 0.938 ≈94% ITM Gamma 0.005 Theta -0.065 Vega 0.074 Open interest 0 Model this call Put · $155 Last $0.70 Breakeven $154.30 Implied vol 51.4% Delta -0.065 ≈6% ITM Gamma 0.005 Theta -0.067 Vega 0.074 Open interest 5 Model this put
0	—	44.9%	0.92	—		—	-0.108	52.3%	—	0
Call · $160 In the money Last — Breakeven — Implied vol 44.9% Delta 0.92 ≈92% ITM Gamma 0.007 Theta -0.069 Vega 0.076 Open interest 0 Model this call Put · $160 Last — Breakeven — Implied vol 52.3% Delta -0.108 ≈11% ITM Gamma 0.008 Theta -0.099 Vega 0.076 Open interest 0 Model this put
0	—	39%	0.902	—		$3.00	-0.146	49.1%	5	113
Call · $165 In the money Last — Breakeven — Implied vol 39% Delta 0.902 ≈90% ITM Gamma 0.009 Theta -0.071 Vega 0.077 Open interest 0 Model this call Put · $165 Last $3.00 Breakeven $162.00 Implied vol 49.1% Delta -0.146 ≈15% ITM Gamma 0.01 Theta -0.114 Vega 0.115 Open interest 113 Model this put
0	2	33.2%	0.877	$9.53		$4.70	-0.186	44%	1	9
Call · $170 In the money Last $9.53 Breakeven $179.53 Implied vol 33.2% Delta 0.877 ≈88% ITM Gamma 0.013 Theta -0.073 Vega 0.078 Open interest 0 Model this call Put · $170 Last $4.70 Breakeven $165.30 Implied vol 44% Delta -0.186 ≈19% ITM Gamma 0.013 Theta -0.12 Vega 0.117 Open interest 9 Model this put
2	2	36%	0.773	$6.86		$5.00	-0.226	35.9%	3	705
Call · $175 In the money Last $6.86 Breakeven $181.86 Implied vol 36% Delta 0.773 ≈77% ITM Gamma 0.018 Theta -0.115 Vega 0.156 Open interest 2 Model this call Put · $175 Last $5.00 Breakeven $170.00 Implied vol 35.9% Delta -0.226 ≈23% ITM Gamma 0.018 Theta -0.11 Vega 0.156 Open interest 705 Model this put
65	1	33.8%	0.675	$3.50		$4.50	-0.333	36.5%	4	5
Call · $180 In the money Last $3.50 Breakeven $183.50 Implied vol 33.8% Delta 0.675 ≈68% ITM Gamma 0.023 Theta -0.129 Vega 0.158 Open interest 65 Model this call Put · $180 Last $4.50 Breakeven $175.50 Implied vol 36.5% Delta -0.333 ≈33% ITM Gamma 0.022 Theta -0.136 Vega 0.159 Open interest 5 Model this put
6	1	33.1%	0.552	$4.08		$6.34	-0.449	36.7%	1	47
Call · $185 In the money Last $4.08 Breakeven $189.08 Implied vol 33.1% Delta 0.552 ≈55% ITM Gamma 0.026 Theta -0.137 Vega 0.184 Open interest 6 Model this call Put · $185 Last $6.34 Breakeven $178.66 Implied vol 36.7% Delta -0.449 ≈45% ITM Gamma 0.023 Theta -0.147 Vega 0.184 Open interest 47 Model this put
Underlying $186.23
81	17	31.3%	0.419	$4.76		$9.10	-0.56	38.3%	22	46
Call · $190 Last $4.76 Breakeven $194.76 Implied vol 31.3% Delta 0.419 ≈42% ITM Gamma 0.027 Theta -0.127 Vega 0.187 Open interest 81 Model this call Put · $190 In the money Last $9.10 Breakeven $180.90 Implied vol 38.3% Delta -0.56 ≈56% ITM Gamma 0.022 Theta -0.151 Vega 0.187 Open interest 46 Model this put
52	2	32.8%	0.307	$1.63		—	-0.666	37.6%	—	0
Call · $195 Last $1.63 Breakeven $196.63 Implied vol 32.8% Delta 0.307 ≈31% ITM Gamma 0.023 Theta -0.119 Vega 0.166 Open interest 52 Model this call Put · $195 In the money Last — Breakeven — Implied vol 37.6% Delta -0.666 ≈67% ITM Gamma 0.021 Theta -0.136 Vega 0.166 Open interest 0 Model this put
121	13	22.1%	0.107	$0.25		$15.35	-0.746	40%	1	1
Call · $200 Last $0.25 Breakeven $200.25 Implied vol 22.1% Delta 0.107 ≈11% ITM Gamma 0.018 Theta -0.042 Vega 0.087 Open interest 121 Model this call Put · $200 In the money Last $15.35 Breakeven $184.65 Implied vol 40% Delta -0.746 ≈75% ITM Gamma 0.018 Theta -0.128 Vega 0.167 Open interest 1 Model this put
10	1	42.6%	0.141	$1.45		$25.72	-0.852	44.1%	8	9
Call · $210 Last $1.45 Breakeven $211.45 Implied vol 42.6% Delta 0.141 ≈14% ITM Gamma 0.011 Theta -0.099 Vega 0.088 Open interest 10 Model this call Put · $210 In the money Last $25.72 Breakeven $184.28 Implied vol 44.1% Delta -0.852 ≈85% ITM Gamma 0.012 Theta -0.1 Vega 0.128 Open interest 9 Model this put
1	1	42.5%	0.065	$0.44		—	-0.9	49.6%	—	0
Call · $220 Last $0.44 Breakeven $220.44 Implied vol 42.5% Delta 0.065 ≈7% ITM Gamma 0.006 Theta -0.055 Vega 0.052 Open interest 1 Model this call Put · $220 In the money Last — Breakeven — Implied vol 49.6% Delta -0.9 ≈90% ITM Gamma 0.008 Theta -0.082 Vega 0.089 Open interest 0 Model this put
0	—	58.8%	0.085	—		—	-0.919	58.4%	—	0
Call · $230 Last — Breakeven — Implied vol 58.8% Delta 0.085 ≈9% ITM Gamma 0.006 Theta -0.095 Vega 0.092 Open interest 0 Model this call Put · $230 In the money Last — Breakeven — Implied vol 58.4% Delta -0.919 ≈92% ITM Gamma 0.006 Theta -0.084 Vega 0.088 Open interest 0 Model this put
0	—	60.2%	0.054	—		—	-0.917	70.1%	—	0
Call · $240 Last — Breakeven — Implied vol 60.2% Delta 0.054 ≈5% ITM Gamma 0.004 Theta -0.067 Vega 0.054 Open interest 0 Model this call Put · $240 In the money Last — Breakeven — Implied vol 70.1% Delta -0.917 ≈92% ITM Gamma 0.005 Theta -0.103 Vega 0.09 Open interest 0 Model this put
0	—	64.2%	0.037	—		—	-0.938	72.8%	—	0
Call · $250 Last — Breakeven — Implied vol 64.2% Delta 0.037 ≈4% ITM Gamma 0.003 Theta -0.054 Vega 0.056 Open interest 0 Model this call Put · $250 In the money Last — Breakeven — Implied vol 72.8% Delta -0.938 ≈94% ITM Gamma 0.004 Theta -0.083 Vega 0.054 Open interest 0 Model this put
0	—	—	—	—		—	-0.95	77.5%	—	0
Call · $260 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $260 In the money Last — Breakeven — Implied vol 77.5% Delta -0.95 ≈95% ITM Gamma 0.003 Theta -0.073 Vega 0.054 Open interest 0 Model this put
0	—	—	—	—		—	-0.951	85.6%	—	0
Call · $270 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $270 In the money Last — Breakeven — Implied vol 85.6% Delta -0.951 ≈95% ITM Gamma 0.003 Theta -0.081 Vega 0.055 Open interest 0 Model this put
0	—	—	—	—		—	-0.963	88.6%	—	0
Call · $280 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $280 In the money Last — Breakeven — Implied vol 88.6% Delta -0.963 ≈96% ITM Gamma 0.002 Theta -0.065 Vega 0.028 Open interest 0 Model this put
0	—	—	—	—		—	-0.96	97.3%	—	0
Call · $290 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $290 In the money Last — Breakeven — Implied vol 97.3% Delta -0.96 ≈96% ITM Gamma 0.002 Theta -0.077 Vega 0.054 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1034054 CUSIP 78410G104 13F (30d) 184 filings 157 filers Visit website Investor relations