Crown Castle (CCI) Protective Put Calculator
Calculator · free · no signup · CCIPrice a protective put, zero-cost collar, or put spread on Crown Castle. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CCI option chain.
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About Crown Castle
Crown Castle (CCI) is a public Real Estate company, incorporated in Delaware and headquartered in Houston, TX.
Last close: $66.44 per share (as of 2026-10-04).
Equity grants at Crown Castle typically include restricted stock units (RSUs).
Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Crown Castle owns, operates, and leases approximately 40,000 cell towers across the US. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology, and wireless service, bringing information, ideas, innovations, and the connectivity of modern life to help people and businesses thrive.
Source: Wikipedia (CC BY-SA 4.0)
The company owns communications towers across the United States along with a large fiber and small-cell network, structured as a real estate investment trust. Tower economics are compelling: a structure built once can host several carriers, and each added tenant contributes revenue with almost no incremental cost, under long leases with fixed escalators. The fiber and small-cell segment has consumed capital with weaker returns and drawn activist pressure. Carrier network spending sets leasing activity. Headquarters are in Houston.
Sources: sec.gov · en.wikipedia.org
Equity comp at Crown Castle
- Crown Castle's executive change-in-control protection is double-trigger: a change in control alone does not accelerate RSUs. Acceleration requires a 'Qualifying Termination Upon Change in Control,' meaning the equity holder must also be involuntarily terminated without cause, or resign for good reason, within two years after the deal closes. If that qualifying termination occurs during the change-in-control period, RSUs vest immediately (performance-based RSUs vest at target, with any amount above target continuing to vest). If a qualifying termination happens outside that window, RSUs continue vesting on schedule for up to two years, with performance-based RSUs still subject to meeting their performance goals.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
Researched 2026-08-21.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Crown Castle.
A protective put caps your downside on the CCI position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CCI option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CCI position at $66.44 is worth $332,200. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $6,644 to $13,288) before any premium offset from a short call. The calculator prices both structures off CCI's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Crown Castle tools → · Use the generic Protect Your Stock Calculator for any company.
Crown Castle equity questions
- How much does it cost to hedge CCI stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CCI's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CCI option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Crown Castle grant ISOs, NSOs, or RSUs?
- Equity compensation at Crown Castle typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Crown Castle RSUs use double-trigger vesting?
- Yes. Crown Castle restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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