How are CCB straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the CCB straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 45.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,092.33 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CCB straddle?

The breakeven for the CCB straddle priced on this page is roughly $59.00 and $81.00 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current CCB market-implied 1-standard-deviation expected move is approximately 12.96%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CCB implied volatility affect this straddle?

CCB ATM IV is at 45.20% with IV rank near 4.49%, 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.

CCB Straddle Strategy

CCB (Coastal Financial Corporation), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. It also provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their clients banking services. It operates 14 full-service banking locations.

CCB (Coastal Financial Corporation) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $1.04B, a trailing P/E of 20.93, a beta of 0.76 versus the broader market, a 52-week range of 66.5-120.05, average daily share volume of 168K, a public-listing history dating back to 2018, approximately 488 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 0.76 places CCB roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a straddle on CCB?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current CCB snapshot

As of May 15, 2026, spot at $68.88, ATM IV 45.20%, IV rank 4.49%, expected move 12.96%. The straddle on CCB below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 63-day expiry.

Why this straddle structure on CCB specifically: CCB IV at 45.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a CCB straddle, with a market-implied 1-standard-deviation move of approximately 12.96% (roughly $8.93 on the underlying). The 63-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 $68.88 per share and to the trader's directional view on CCB stock.

CCB straddle setup

The CCB straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CCB near $68.88, the first option leg uses a $70.00 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 63-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)
Buy 1	Call	$70.00	$5.30
Buy 1	Put	$70.00	$5.70

CCB straddle risk and reward

Net Premium / Debit: -$1,100.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,092.33
Breakeven(s): $59.00, $81.00
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

CCB straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle 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%	+$5,899.00
$15.24	-77.9%	+$4,376.14
$30.47	-55.8%	+$2,853.27
$45.70	-33.7%	+$1,330.41
$60.92	-11.5%	-$192.46
$76.15	+10.6%	-$484.68
$91.38	+32.7%	+$1,038.19
$106.61	+54.8%	+$2,561.05
$121.84	+76.9%	+$4,083.91
$137.07	+99.0%	+$5,606.78

When traders use straddle on CCB

Straddles on CCB are pure-volatility plays that profit from large moves in either direction; traders typically buy CCB straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

CCB thesis for this straddle

The market-implied 1-standard-deviation range for CCB extends from approximately $59.95 on the downside to $77.81 on the upside. A CCB long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current CCB IV rank near 4.49% 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 45.20%. 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 straddle positions are structurally neutral / high-volatility (long premium); 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. Always rebuild the position from current CCB chain quotes before placing a trade.

Frequently asked questions

What is a straddle on CCB?: A straddle on CCB is the straddle strategy applied to CCB (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With CCB stock trading near $68.88, the strikes shown on this page are snapped to the nearest listed CCB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are CCB straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the CCB straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 45.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,092.33 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CCB straddle?: The breakeven for the CCB straddle priced on this page is roughly $59.00 and $81.00 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current CCB market-implied 1-standard-deviation expected move is approximately 12.96%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on CCB?: Straddles on CCB are pure-volatility plays that profit from large moves in either direction; traders typically buy CCB straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current CCB implied volatility affect this straddle?: CCB ATM IV is at 45.20% with IV rank near 4.49%, 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.