Contracts (Exp. 2026-04-17):
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Sell to Open: 1x $29.0 Call @ $0.50
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Buy to Open: 1x $30.0 Call @ $0.24
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Sell to Open: 1x $27.0 Put @ $0.51
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Buy to Open: 1x $26.0 Put @ $0.34
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Financials:
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Net Credit: $0.43/share = $43 per condor 🤑
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Max Profit: $43 (keep the entire credit)
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Max Loss: $57 (wing width $1.00 − credit $0.43)
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Break-evens: $26.57 (lower) & $29.43 (upper)
Thesis:
Neutral on $CCL after its sharp +11.23% jump. Expecting range-bound consolidation between $27–$29 into April expiration. Elevated IV percentile (78.4%) makes short Vega attractive, while Theta keeps working in our favor.
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Profit Target: Close at 50–70% of max gain ($0.13–$0.22 debit).
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Risk Management: Exit if $CCL breaches $27 or $29, or if unrealized loss hits ~$65.
⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.
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