SBAC as of Oct 31 · 16:47 ET

SBACNasdaqReal Estate Investment Trusts

SBA Communications Corp · Brief

Next report

2 days

Nov 2 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±6.5%implied · report alone

174.95199.35

straddle ±7.7%

spot 187.15exp Nov 20ATM strike 185ATM straddle 16.90IV 47%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

2 of 8≥ implied

avg implied: ±5.4%
avg realized: ±3.9%

Oct 28 '24±4.7%▼−3.41%×0.72

Feb 24 '25±5.4%▲+2.97%×0.55

Apr 28 '25±5.3%▲+6.82%×1.29

Aug 4 '25±4.1%▼−4.88%×1.20

Q3 FY25±5.9%▲+1.38%×0.23

Feb 26 '26±5.6%▲+4.68%×0.83

Q1 FY26±6.9%▲+2.42%×0.35

Q2 FY26±5.7%▲+4.66%×0.81

quarterimplied−10%0+10%realized×

Q2 FY26±5.7%▲+4.66%×0.81

Q1 FY26±6.9%▲+2.42%×0.35

Feb '26±5.6%▲+4.68%×0.83

Q3 FY25±5.9%▲+1.38%×0.23

Aug '25±4.1%▼−4.88%×1.20

Apr '25±5.3%▲+6.82%×1.29

2 older reports

Feb '25±5.4%▲+2.97%×0.55

Oct '24±4.7%▼−3.41%×0.72

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 2 report · est.

Bull2 of 4

25disclosed supplier and customer ties in SEC filingsSEC filings

12tracked funds holding SBACN-PORT · Aug 31 '26

Bear2 of 3

4 of 21of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

35managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

SBAC report session

Customers 2

VZVerizon Wireless×0.20 TAT&T Wireless×0.20

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 19impliedImplied move: ±7.3% into Nov 2 earnings (Oct 19 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.