SBAC (SBAC) options memo

The Read

SBAC is up 0.00% today at $186.19.

Options traders lean neutral into 2026-08-21, and neutral further out.

A move through $204.34 would change how dealers hedge this stock.

Key numbers

• Spot: $186.19
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 1.6%
• ATM implied volatility: 29.9%
• Max pain: $185.00
• Pin strike: $210.00
• Gamma flip: $204.34
• Dealer positioning: SHORT GAMMA
• Call wall: $210.00
• Put wall: $175.00
• Put/call open interest: 0.313