Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).

Gamma, theta, and vega are largest for strikes near the Sunstone Hotel Investors stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.

Sunstone Hotel Investors IV rank is 40, so implied volatility is near the middle of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 15.3% to 184.6%. See the SHO implied volatility history for a longer view.

Across all open Sunstone Hotel Investors options on Nov 4, 2026, net gamma exposure was -$34 and net delta exposure was $7.24K per 1% move in the stock. The SHO gamma exposure chart shows where that gamma sits by strike.

Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States.