I would like to hook my satellite box to my oppo udp-205 for two channel audio

I use coax from my UDP-205. This one specifically, but of course there are many coax options. https://www.bluejeanscable.com/pages/technicaldocs/1694tech.htm

Regarding the possibility of ground loop hum that jea48 pointed out is true. But you (OP) could still go the coax option by inserting a ground loop isolator. Relatively inexpensive ($10?) and they do work. I use one that was provided/installed by my cable company.