$CCL Iron Condor Strategy: $57 Cost, Max Earn $43 by Apr 17, 2026
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
