CCML Collar Strategy
CCML (Roundhill MLCC & Electronic Components ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
The Roundhill MLCC & Electronic Components ETF (CCML) is an actively managed fund that seeks to offer precise exposure to a basket of global manufacturers of multilayer ceramic capacitors (MLCCs). These components are critical for AI infrastructure, as they store and release electrical charge to ensure stable power delivery, and demand increases with more powerful systems. The ETF provides access to hard-to-access market leaders listed in South Korea, Japan, Taiwan, and China.
CCML (Roundhill MLCC & Electronic Components ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $676,236, a beta of 0.00 versus the broader market, a 52-week range of 15.69-29.2, average daily share volume of 34K, a public-listing history dating back to 2026. These structural characteristics shape how CCML etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.00 indicates CCML has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a collar on CCML?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
CCML snapshot
As of November 13, 2026, spot at $17.28, ATM IV 63.70%, expected move 18.26%. The collar on CCML below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this collar structure on CCML specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CCML is inferred from ATM IV at 63.70% alone, with a market-implied 1-standard-deviation move of approximately 18.26% (roughly $3.16 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CCML expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCML should anchor to the underlying notional of $17.28 per share and to the trader's directional view on CCML etf.
CCML collar setup
The CCML collar below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CCML at $17.28 on that close, the first option leg uses a $18.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCML chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 CCML shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $17.28 | long |
| Sell 1 | Call | $18.00 | $0.89 |
| Buy 1 | Put | $16.00 | $0.98 |
CCML collar risk and reward
- Net Premium / Debit
- -$1,736.50
- Max Profit (per contract)
- $63.50
- Max Loss (per contract)
- -$136.50
- Breakeven(s)
- $17.37
- Risk / Reward Ratio
- 0.465
Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
CCML collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on CCML. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | -$136.50 |
| $3.83 | -77.8% | -$136.50 |
| $7.65 | -55.7% | -$136.50 |
| $11.47 | -33.6% | -$136.50 |
| $15.29 | -11.5% | -$136.50 |
| $19.11 | +10.6% | +$63.50 |
| $22.93 | +32.7% | +$63.50 |
| $26.75 | +54.8% | +$63.50 |
| $30.57 | +76.9% | +$63.50 |
| $34.39 | +99.0% | +$63.50 |
When traders use collar on CCML
Collars on CCML hedge an existing long CCML etf position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
CCML thesis for this collar
The market-implied 1-standard-deviation range for CCML extends from approximately $14.12 on the downside to $20.44 on the upside. A CCML collar hedges an existing long CCML position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. As a Financial Services name, CCML options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCML-specific events.
CCML collar positions are structurally neutral (protective); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. CCML positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCML alongside the broader basket even when CCML-specific fundamentals are unchanged. Always rebuild the position from current CCML chain quotes before placing a trade.
Frequently asked questions
- What is a collar on CCML?
- A collar on CCML is the collar strategy applied to CCML (etf). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. With CCML etf at $17.28 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed CCML chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CCML collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the CCML collar priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 63.70%), the computed maximum profit is $63.50 per contract and the computed maximum loss is -$136.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CCML collar?
- The breakeven for the CCML collar priced on this page is roughly $17.37 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CCML market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.26%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on CCML?
- Collars on CCML hedge an existing long CCML etf position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current CCML implied volatility affect this collar?
- Current CCML ATM IV is 63.70%; IV rank context is unavailable in the current snapshot.