CCC Iron Condor Strategy
CCC (CCC Intelligent Solutions Holdings Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
CCC Intelligent Solutions Holdings Inc. provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others. The company offers CCC Insurance solutions, including CCC workflow, CCC estimating, CCC total loss, CCC AI and analytics, and CCC casualty; CCC Repair solutions, such as CCC network management, CCC repair workflow, and CCC repair quality; CCC Other Ecosystem solutions, comprising CCC parts solutions, CCC automotive manufacturer solutions, CCC lender solutions, and CCC payments; and CCC International solutions. CCC Intelligent Solutions Holdings Inc. was founded in 1980 and is headquartered in Chicago, Illinois.
CCC (CCC Intelligent Solutions Holdings Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $2.48B, a trailing P/E of 71.79, a beta of 0.56 versus the broader market, a 52-week range of 4.08-10.5, average daily share volume of 12.6M, a public-listing history dating back to 2020, approximately 2K full-time employees. These structural characteristics shape how CCC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.56 indicates CCC has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 71.79 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a iron condor on CCC?
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.
Current CCC snapshot
As of May 15, 2026, spot at $4.29, ATM IV 284.20%, IV rank 100.00%, expected move 81.48%. The iron condor on CCC 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 34-day expiry.
Why this iron condor structure on CCC specifically: CCC IV at 284.20% is rich versus its 1-year range, which favors premium-selling structures like a CCC iron condor, with a market-implied 1-standard-deviation move of approximately 81.48% (roughly $3.50 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CCC expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCC should anchor to the underlying notional of $4.29 per share and to the trader's directional view on CCC stock.
CCC iron condor setup
The CCC iron condor below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CCC near $4.29, the first option leg uses a $4.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCC chain at a 34-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 CCC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $4.50 | N/A |
| Buy 1 | Call | $4.72 | N/A |
| Sell 1 | Put | $4.08 | N/A |
| Buy 1 | Put | $3.86 | N/A |
CCC iron condor risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
CCC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on CCC. 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.
When traders use iron condor on CCC
Iron condors on CCC are a delta-neutral premium-collection structure that profits if CCC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
CCC thesis for this iron condor
The market-implied 1-standard-deviation range for CCC extends from approximately $0.79 on the downside to $7.79 on the upside. A CCC iron condor is a delta-neutral premium-collection structure that pays off when CCC 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 CCC IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on CCC at 284.20%. As a Technology name, CCC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCC-specific events.
CCC 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. CCC positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCC alongside the broader basket even when CCC-specific fundamentals are unchanged. Short-premium structures like a iron condor on CCC carry tail risk when realized volatility exceeds the implied move; review historical CCC earnings reactions and macro stress periods before sizing. Always rebuild the position from current CCC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on CCC?
- A iron condor on CCC is the iron condor strategy applied to CCC (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 CCC stock trading near $4.29, the strikes shown on this page are snapped to the nearest listed CCC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CCC 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 CCC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 284.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CCC iron condor?
- The breakeven for the CCC iron condor priced on this page is no defined breakeven on the modeled curve 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 CCC market-implied 1-standard-deviation expected move is approximately 81.48%; 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 CCC?
- Iron condors on CCC are a delta-neutral premium-collection structure that profits if CCC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current CCC implied volatility affect this iron condor?
- CCC ATM IV is at 284.20% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.