Sibanye Stillwater Ltd
ZA ˙ US82575P1075
DETTE SYMBOL ER IKKE LÆNGERE AKTIVT
SecurityZA:SBSW / Sibanye Stillwater Ltd
InstitutionSimplex Trading, Llc
Simplex Trading, Llc ownership in SBSW / Sibanye Stillwater Ltd

Simplex Trading, Llc has a history of taking positions in derivatives of the underlying security (SBSW) in the form of stock options. The firm currently holds call options representing 394,000 of underlying shares valued at $4,854,080 USD and put options representing 280,400 of underlying shares valued at $3,454,528 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

Institutional Put/Call Ratios
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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

ZA:SBSW / Sibanye Stillwater Ltd Historical Put/Call Ratio
Disclosed Call Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share
Price		 Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-14 2026-03-31 13F SIBANYE STILLWATER CALL Call 394,000 -12.13 4,854 -24.03 n/a n/a n/a
2026-02-11 2025-12-31 13F SIBANYE STILLWATER CALL Call 448,400 -39.50 6,390 79,762.50 n/a n/a n/a
2025-11-12 2025-09-30 13F SIBANYE STILLWATER CALL Call 741,200 -13.09 8 33.33 n/a n/a n/a
2025-08-05 2025-06-30 13F SIBANYE STILLWATER CALL Call 852,800 130.55 6 500.00 n/a n/a n/a
2025-05-12 2025-03-31 13F SIBANYE STILLWATER CALL Call 369,900 41.40 2 n/a n/a n/a
2025-02-11 2024-12-31 13F SIBANYE STILLWATER CALL Call 261,600 -25.53 1 -100.00 n/a n/a n/a
2024-11-08 2024-09-30 13F SIBANYE STILLWATER CALL Call 351,300 170.65 1 n/a n/a n/a
2024-07-25 2024-06-30 13F SIBANYE STILLWATER CALL Call 129,800 109.69 1 n/a n/a n/a
2024-04-25 2024-03-31 13F SIBANYE STILLWATER CALL Call 61,900 -38.71 0 n/a n/a n/a
2024-02-02 2023-12-31 13F SIBANYE STILLWATER CALL Call 101,000 291.47 1 n/a n/a n/a
2023-11-01 2023-09-30 13F SIBANYE STILLWATER CALL Call 25,800 -52.49 0 n/a n/a n/a
2023-08-04 2023-06-30 13F SIBANYE STILLWATER CALL Call 54,300 128.15 0 n/a n/a n/a
2023-04-27 2023-03-31 13F SIBANYE STILLWATER CALL Call 23,800 -69.99 0 n/a n/a n/a
2023-02-02 2022-12-31 13F SIBANYE STILLWATER CALL Call 79,300 -8.11 1 -100.00 n/a n/a n/a
2022-11-04 2022-09-30 13F SIBANYE STILLWATER CALL Call 86,300 -2.92 804 -9.26 n/a n/a n/a
2022-08-03 2022-06-30 13F SIBANYE STILLWATER CALL Call 88,900 -62.73 886 -77.11 n/a n/a n/a
2022-05-02 2022-03-31 13F SIBANYE STILLWATER CALL Call 238,500 86.18 3,870 140.97 n/a n/a n/a
2022-02-23 2021-12-31 13F/A SIBANYE STILLWATER CALL Call 128,100 18.94 1,606 -11.71 n/a n/a n/a
2022-02-04 2021-12-31 13F SIBANYE STILLWATER CALL Call 107,700 1,819 n/a n/a n/a
2021-10-28 2021-09-30 13F SIBANYE STILLWATER CALL Call 107,700 7.16 1,819 8.21 n/a n/a n/a
2021-08-12 2021-06-30 13F SIBANYE STILLWATER CALL Call 100,500 7,268.04 1,681 -30.99 n/a n/a n/a
2021-04-26 2021-03-31 13F SIBANYE STILLWATER CALL Call 1,364 -14.00 2,436 -3.33 n/a n/a n/a
2021-02-02 2020-12-31 13F SIBANYE STILLWATER CALL Call 1,586 78.00 2,520 154.03 n/a n/a n/a
2020-10-14 2020-09-30 13F SIBANYE STILLWATER CALL Call 891 148.19 992 220.00 n/a n/a n/a
2020-07-13 2020-06-30 13F SIBANYE STILLWATER CALL Call 359 -48.42 310 -5.49 n/a n/a n/a
2020-04-29 2020-03-31 13F SIBANYE STILLWATER CALL Call 696 328 n/a n/a n/a
Disclosed Put Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share Price Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-14 2026-03-31 13F SIBANYE STILLWATER PUT Put 280,400 -43.79 3,455 -51.40 n/a n/a n/a
2026-02-11 2025-12-31 13F SIBANYE STILLWATER PUT Put 498,800 -17.68 7,108 118,350.00 n/a n/a n/a
2025-11-12 2025-09-30 13F SIBANYE STILLWATER PUT Put 605,900 19.48 7 100.00 n/a n/a n/a
2025-08-05 2025-06-30 13F SIBANYE STILLWATER PUT Put 507,100 26.24 4 200.00 n/a n/a n/a
2025-05-12 2025-03-31 13F SIBANYE STILLWATER PUT Put 401,700 38.52 2 n/a n/a n/a
2025-02-11 2024-12-31 13F SIBANYE STILLWATER PUT Put 290,000 -24.36 1 -100.00 n/a n/a n/a
2024-11-08 2024-09-30 13F SIBANYE STILLWATER PUT Put 383,400 -22.69 2 -50.00 n/a n/a n/a
2024-07-25 2024-06-30 13F SIBANYE STILLWATER PUT Put 495,900 76.10 2 100.00 n/a n/a n/a
2024-04-25 2024-03-31 13F SIBANYE STILLWATER PUT Put 281,600 -9.60 1 0.00 n/a n/a n/a
2024-02-02 2023-12-31 13F SIBANYE STILLWATER PUT Put 311,500 -6.09 2 -50.00 n/a n/a n/a
2023-11-01 2023-09-30 13F SIBANYE STILLWATER PUT Put 331,700 28.87 2 100.00 n/a n/a n/a
2023-08-04 2023-06-30 13F SIBANYE STILLWATER PUT Put 257,400 -24.07 2 -50.00 n/a n/a n/a
2023-04-27 2023-03-31 13F SIBANYE STILLWATER PUT Put 339,000 28.51 3 0.00 n/a n/a n/a
2023-02-02 2022-12-31 13F SIBANYE STILLWATER PUT Put 263,800 14.00 3 -99.91 n/a n/a n/a
2022-11-04 2022-09-30 13F SIBANYE STILLWATER PUT Put 231,400 -1.62 2,156 -8.02 n/a n/a n/a
2022-08-03 2022-06-30 13F SIBANYE STILLWATER PUT Put 235,200 -17.18 2,344 -49.14 n/a n/a n/a
2022-05-02 2022-03-31 13F SIBANYE STILLWATER PUT Put 284,000 81.12 4,609 134.44 n/a n/a n/a
2022-02-23 2021-12-31 13F/A SIBANYE STILLWATER PUT Put 156,800 2.02 1,966 -24.24 n/a n/a n/a
2022-02-04 2021-12-31 13F SIBANYE STILLWATER PUT Put 153,700 2,595 n/a n/a n/a
2021-10-28 2021-09-30 13F SIBANYE STILLWATER PUT Put 153,700 -0.07 2,595 0.86 n/a n/a n/a
2021-08-12 2021-06-30 13F SIBANYE STILLWATER PUT Put 153,800 14,731.24 2,573 38.93 n/a n/a n/a
2021-04-26 2021-03-31 13F SIBANYE STILLWATER PUT Put 1,037 -35.67 1,852 -27.68 n/a n/a n/a
2021-02-02 2020-12-31 13F SIBANYE STILLWATER PUT Put 1,612 -31.23 2,561 -1.91 n/a n/a n/a
2020-10-14 2020-09-30 13F SIBANYE STILLWATER PUT Put 2,344 59.13 2,611 104.95 n/a n/a n/a
2020-07-13 2020-06-30 13F SIBANYE STILLWATER PUT Put 1,473 59.24 1,274 192.20 n/a n/a n/a
2020-04-29 2020-03-31 13F SIBANYE STILLWATER PUT Put 925 436 n/a n/a n/a
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.