CCB Iron Condor Strategy
CCB (Coastal Financial Corporation), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Coastal Financial Corporation functions as the parent company for Coastal Community Bank, providing a comprehensive suite of banking products and services. Its clientele includes small and medium-sized businesses, professionals, and individuals across the Puget Sound region of Washington. The bank offers various deposit options, such as checking and savings accounts, certificates of deposit, and money market accounts. Lending activities cover commercial and industrial needs, including term loans, Small Business Administration (SBA) loans, commercial lines of credit, and financing for working capital and equipment. Real estate lending encompasses owner-occupied and investment properties, multi-family residences, and construction and land development projects, alongside standard residential mortgages. Consumer loan products range from automobile, boat, and recreational vehicle financing to secured term loans and overdraft protection.
CCB (Coastal Financial Corporation) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $800.1M, a beta of 0.77 versus the broader market, a 52-week range of 36.61-120.05, average daily share volume of 203K, a public-listing history dating back to 2018, approximately 483 full-time employees. These structural characteristics shape how CCB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.77 places CCB roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a iron condor on CCB?
An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes.
CCB snapshot
As of August 14, 2026, spot at $52.30, ATM IV 54.30%, IV rank 6.65%, expected move 15.57%. The iron condor on CCB below is built from the August 14, 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 iron condor structure on CCB specifically: CCB IV at 54.30% is on the cheap side of its 1-year range, which means a premium-selling CCB iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 15.57% (roughly $8.14 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 CCB expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCB should anchor to the underlying notional of $52.30 per share and to the trader's directional view on CCB stock.
CCB iron condor setup
The CCB iron condor below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CCB at $52.30 on that close, the first option leg uses a $55.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCB 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 CCB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $55.00 | $1.93 |
| Buy 1 | Call | $60.00 | $0.68 |
| Sell 1 | Put | $50.00 | $3.30 |
| Buy 1 | Put | $45.00 | $0.93 |
CCB iron condor risk and reward
- Net Premium / Debit
- +$362.50
- Max Profit (per contract)
- $362.50
- Max Loss (per contract)
- -$137.50
- Breakeven(s)
- $46.38, $58.63
- Risk / Reward Ratio
- 2.636
Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit.
CCB iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on CCB. 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 | -100.0% | -$137.50 |
| $11.57 | -77.9% | -$137.50 |
| $23.14 | -55.8% | -$137.50 |
| $34.70 | -33.7% | -$137.50 |
| $46.26 | -11.5% | -$11.41 |
| $57.82 | +10.6% | +$80.14 |
| $69.39 | +32.7% | -$137.50 |
| $80.95 | +54.8% | -$137.50 |
| $92.51 | +76.9% | -$137.50 |
| $104.07 | +99.0% | -$137.50 |
When traders use iron condor on CCB
Iron condors on CCB are a delta-neutral premium-collection structure that profits if CCB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
CCB thesis for this iron condor
The market-implied 1-standard-deviation range for CCB extends from approximately $44.16 on the downside to $60.44 on the upside. A CCB iron condor is a delta-neutral premium-collection structure that pays off when CCB stays inside the inner short strikes through expiration; the wing width should reflect the trader's tolerance for the maximum loss scenario where the underlying breaches an outer strike. Current CCB IV rank near 6.65% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on CCB at 54.30%. As a Financial Services name, CCB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCB-specific events.
CCB iron condor positions are structurally neutral / range-bound; 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. CCB positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCB alongside the broader basket even when CCB-specific fundamentals are unchanged. Short-premium structures like a iron condor on CCB carry tail risk when realized volatility exceeds the implied move; review historical CCB earnings reactions and macro stress periods before sizing. Always rebuild the position from current CCB chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on CCB?
- A iron condor on CCB is the iron condor strategy applied to CCB (stock). The strategy is structurally neutral / range-bound: An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes. With CCB stock at $52.30 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CCB chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CCB iron condor max profit and max loss calculated?
- Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the CCB iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 54.30%), the computed maximum profit is $362.50 per contract and the computed maximum loss is -$137.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CCB iron condor?
- The breakeven for the CCB iron condor priced on this page is roughly $46.38 and $58.63 at expiration, derived from the August 14, 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 CCB market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.57%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a iron condor on CCB?
- Iron condors on CCB are a delta-neutral premium-collection structure that profits if CCB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current CCB implied volatility affect this iron condor?
- CCB ATM IV is at 54.30% with IV rank near 6.65%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.