SBACSBA Communications Corp
Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $23.7B|NASDAQ
● 2026-04-17$223.14
VERY BULLISH
Analysis: 2026-04-16 EOD data
1Y -1.1%YTD +15.9%7D -0.3%
Options Vol
4,130
30D
Implied Move
±11.4%
IV Rank
8%
SBAC Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
6.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 39.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.45x — IV ≤ HV
Sector Relative≤50%
Sector percentile 68% — above sector median
Term Structure
<1.1xFront/Back 1.55x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 33.0% — normal range
Spread-Adjusted Value
<80%Effective IV 75.4% (ATM 33.0% + spread 21.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 37.13% (spread 21.22% + slippage 15.91%) — high friction
Vega Efficiency
≥5.0Vega efficiency 32.91 (vega 69.842 / spread 21.22%) — efficient
Sentiment
Bullish or bearish?
9.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +87%, Raw: +78%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +87% (strong bullish) — Raw: +78%
OI Skew Magnitude
≥15%|OI skew| 61.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +80.7%, OI skew +61.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 6%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +15%, ATM: +34%, OTM: +83% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 7% — very bullish vs sector
Activity
Unusual activity?
7.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks7/9 checks passed
Volume Surge
≥1.5xVolume 2.5x avg — hot
Turnover Rate
≥15%Vol/OI 25.0% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +30.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 97% — very active vs sector
Trade Quality
≥30%Large trade volume 73% — heavy institutional
Execution Urgency
≥60%Aggressive execution 67% — urgent
Flow Conviction
≥30Conviction +87 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 21.2% — wide
Adequate OI
≥10,000OI 16,492 — adequate
Active Volume
≥500Volume 4,130/day — adequate
Reasonable Cost
≤$0.50$1.06 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 74% — wider than sector
Order Book Depth
≥100 contractsDepth 23.9 contracts (bid:14.9 ask:9.0) — thin
Execution Quality
<1.0%Avg slippage 15.91% — poor
Timing
Is now a good time?
8.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +54.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 40% — neutral
Event Detection
≥10pts kinkIV kink 9.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1699.31 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +87% @ 93% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 103 (ITM 20% + inst 73%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls8.0
bullishIV cheap, bullish flow
Long Puts4.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV too cheap, bullish flow
Covered Call3.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.