CCC Iron Condor Strategy
CCC (CCC Intelligent Solutions Holdings Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
CCC Intelligent Solutions Holdings Inc. specializes in providing a comprehensive suite of digital solutions, encompassing cloud computing, mobile tools, artificial intelligence (AI), telematics, and hyperscale technologies, all designed for the property and casualty (P&C) insurance industry. At its core, the company operates a robust Software-as-a-Service (SaaS) platform. This platform is instrumental in digitizing vital, AI-driven workflows, streamlining commercial interactions, and seamlessly connecting various stakeholders across the P&C insurance ecosystem. This extensive network includes insurance carriers, collision repair facilities, parts providers, automotive manufacturers, financial institutions, and other relevant parties. CCC Intelligent Solutions offers a diverse portfolio of specialized products grouped into several key categories. These include: CCC Insurance Solutions: Covering workflow, estimating, total loss, AI & analytics, and casualty management.
CCC (CCC Intelligent Solutions Holdings Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $4.11B, a trailing P/E of 95.52, a beta of 0.45 versus the broader market, a 52-week range of 4.08-10.135, average daily share volume of 10.9M, 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 0.45 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 95.52 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.
CCC snapshot
As of August 14, 2026, spot at $6.97, ATM IV 51.20%, IV rank 13.61%, expected move 14.68%. The iron condor on CCC below is built from the 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 CCC specifically: CCC IV at 51.20% is on the cheap side of its 1-year range, which means a premium-selling CCC iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 14.68% (roughly $1.02 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 CCC expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCC should anchor to the underlying notional of $6.97 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 at $6.97 on that close, the first option leg uses a $7.32 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 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 CCC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $7.32 | N/A |
| Buy 1 | Call | $7.67 | N/A |
| Sell 1 | Put | $6.62 | N/A |
| Buy 1 | Put | $6.27 | 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 $5.95 on the downside to $7.99 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 13.61% 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 CCC at 51.20%. 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 at $6.97 on the most recent close, the strikes shown on this page are snapped to the nearest listed CCC chain strike and the premiums come straight from that session's 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 51.20%), 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 the 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 CCC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.68%; 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 51.20% with IV rank near 13.61%, 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.