Trades See SBA Communications Standing Tall

Investors think there is no going back for SBA Communications.

optionMONSTER’s monitoring systems detected the sale of 10,000 March 50 puts for $0.80. Volume was more than 15 times previous open interest at the strike.

The investor is now obligated to buy shares in the owner of wireless-communications towers for $50 if they close below that level on expiration. If they remain above it, he or she will keep the premium and the options will expire worthless.

Selling puts is a common strategy when traders like a company because it lets them get long on a pullback, but they also don’t have to expend capital buying shares right away.

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