Trading a SBRA straddle lets you take a pure volatility position on Sabra Healthcare REIT Inc without committing to a direction. Sabra Healthcare REIT Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate SBRA straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SBRA profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Sabra Healthcare REIT Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the SBRA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing - Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SBRA straddle is the cleanest expression of that view. Our scanner prices every SBRA straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a SBRA straddle into a catalyst or short a SBRA straddle to harvest decay, the options straddle setups that matter are all in one place.
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