Shares of SBA Communications Corp. (SBAC) are down .25 to 87.56 today.? SBAC is in the upper end of the 52-week range.
Today paper traded 2,781 SBAC Jan 85 puts at .20-.25.? The ADV is 721 contracts.? The OI is 2,281 contracts.
The volume traded in small to midsize blocks that resemble a newsletter trade.? Almost all of the volume is going up as a sale which is just over the open interest.? The sales look most likely to be some closing as this is a high risk opening transaction this close to expiration unless one wanted the underlying.
30-day implied volatility is 19%. ? 10-day implied volatility is 17%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
SBA Communications Corporation (SBA) is an independent owner and operator of wireless communications towers.