How are CCEP 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 CCEP straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 19.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,242.07 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CCEP straddle?

The breakeven for the CCEP straddle priced on this page is roughly $87.45 and $112.55 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 CCEP market-implied 1-standard-deviation expected move is approximately 5.48%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CCEP implied volatility affect this straddle?

CCEP ATM IV is at 19.10% with IV rank near 1.33%, 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.

CCEP Straddle Strategy

CCEP (Coca-Cola Europacific Partners PLC), in the Consumer Defensive sector, (Beverages - Non-Alcoholic industry), listed on NASDAQ.

Coca-Cola Europacific Partners PLC (CCEP), along with its affiliated entities, focuses on the creation, distribution, and sale of a wide array of non-alcoholic, ready-to-consume beverages. Their diverse product portfolio includes sparkling drinks, still and enhanced water products, isotonic options, teas, coffees, juices, as well as a variety of energy drinks and mixers. These offerings are marketed under numerous prominent brands, notably flagship names such as Coca-Cola, Fanta, Sprite, and Monster Energy, among a host of others. In addition to its primary beverage business, CCEP also oversees bottling operations and other related activities. As of March 15, 2022, the company served an estimated 600 million consumers. Founded in 1986, the firm maintains its headquarters in Uxbridge, United Kingdom.

CCEP (Coca-Cola Europacific Partners PLC) trades in the Consumer Defensive sector, specifically Beverages - Non-Alcoholic, with a market capitalization of approximately $45.03B, a trailing P/E of 20.63, a beta of 0.48 versus the broader market, a 52-week range of 84.66-110.9, average daily share volume of 1.9M, a public-listing history dating back to 1986, approximately 41K full-time employees. These structural characteristics shape how CCEP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.48 indicates CCEP has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. CCEP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on CCEP?

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 CCEP snapshot

As of June 29, 2026, spot at $100.63, ATM IV 19.10%, IV rank 1.33%, expected move 5.48%. The straddle on CCEP 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 144-day expiry.

Why this straddle structure on CCEP specifically: CCEP IV at 19.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a CCEP straddle, with a market-implied 1-standard-deviation move of approximately 5.48% (roughly $5.51 on the underlying). The 144-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CCEP expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCEP should anchor to the underlying notional of $100.63 per share and to the trader's directional view on CCEP stock.

CCEP straddle setup

The CCEP 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 CCEP near $100.63, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCEP chain at a 144-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 CCEP shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$100.00	$7.20
Buy 1	Put	$100.00	$5.35

CCEP straddle risk and reward

Net Premium / Debit: -$1,255.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,242.07
Breakeven(s): $87.45, $112.55
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.

CCEP straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on CCEP. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$8,744.00
$22.26	-77.9%	+$6,519.13
$44.51	-55.8%	+$4,294.25
$66.76	-33.7%	+$2,069.38
$89.00	-11.6%	-$155.50
$111.25	+10.6%	-$129.63
$133.50	+32.7%	+$2,095.25
$155.75	+54.8%	+$4,320.12
$178.00	+76.9%	+$6,544.99
$200.25	+99.0%	+$8,769.87

When traders use straddle on CCEP

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

CCEP thesis for this straddle

The market-implied 1-standard-deviation range for CCEP extends from approximately $95.12 on the downside to $106.14 on the upside. A CCEP 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 CCEP IV rank near 1.33% 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 CCEP at 19.10%. As a Consumer Defensive name, CCEP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCEP-specific events.

CCEP 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. CCEP positions also carry Consumer Defensive sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCEP alongside the broader basket even when CCEP-specific fundamentals are unchanged. Always rebuild the position from current CCEP chain quotes before placing a trade.

Frequently asked questions

What is a straddle on CCEP?: A straddle on CCEP is the straddle strategy applied to CCEP (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 CCEP stock trading near $100.63, the strikes shown on this page are snapped to the nearest listed CCEP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are CCEP 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 CCEP straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 19.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,242.07 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CCEP straddle?: The breakeven for the CCEP straddle priced on this page is roughly $87.45 and $112.55 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 CCEP market-implied 1-standard-deviation expected move is approximately 5.48%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on CCEP?: Straddles on CCEP are pure-volatility plays that profit from large moves in either direction; traders typically buy CCEP 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 CCEP implied volatility affect this straddle?: CCEP ATM IV is at 19.10% with IV rank near 1.33%, 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.