OptionsHouse

Options Trading News

December 27, 2012  Thu 11:13 AM CT

SBAC: SEE CHART GET CHAIN FIND STRATEGIES
SBA Communications has been climbing all year, and a large trade sees gains holding for the cell-phone tower operator.

More than 9,100 of the SBAC options have changed hands so far today, compared to a daily average of just 429 contracts. A trader sold 6,500 March 65 puts for $0.90 in volume that was 10 times the previous open interest and therefore a new position, according to optionMONSTER systems.

The put selling is a bet that SBAC will hold above $65 through expiration in mid-March. The trader is also showing a willingness to buy shares on a pullback below that level. (See our Education section)

SBAC is down 1.18 percent to $69.59 in early afternoon trading. Shares have been trending steadily higher from below $35 last October and posted a 52-week high of $70.98 on Monday.
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »