CCS
CENTURY COMMUNITIES, INC.
stock NYSE

Sell 420 contracts of the Jun 2027 38 calls for 10.85. This will lock in 2.25 of profits or $94.5k and if SMCI stays above 38 at expiration, you can sell the spread for 13.00 or another $546k.
If you convert it to a broken wing condor by selling 420 Jun 2027 60/65 call credit spread for 0.75, that’ll give you an extra $31.5 to lock in a guaranteed profit of $126k at expiration. If MSCI is between 38 to 60, you’ll make a total of $672k including the credits you received by selling calls and the CCS. If MSCI is above 65, your max profit would be $462k.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7630/7610 PCS
* 7685/7705 CCS
P/L: **+$475**
[SPX 5-min chart, August 24, 2026](https://preview.redd.it/47e19m9z6elh1.png?width=1577&format=png&auto=webp&s=5245d5431af3099297e7e66ac9b30298ea640f98)
***Today wasn’t about calling direction. It was about waiting until SPX gave me enough structure to sell both sides of the range.***
# Morning Thesis
I came into the session with a mixed bias and expected a range unless SPX gave me a reason to think otherwise. There was plenty of headline risk hanging over the market, including the Iran sanctions situation, Nvidia earnings later in the week, and Fed/Jackson Hole risk. That made me hesitant to commit heavily to either direction.
The open reinforced that. SPX was messy immediately, with overlapping 5-minute candles and large wicks. I had no interest in forcing anything and ended up waiting roughly 2.5 hours for my first trade.
# My First Trade
Around 9:00am PT, SPX broke and retested yesterday’s low along with the opening range.
That gave me the structure I wanted for a **6-lot 7630/7610 PCS at $0.50**. I liked the entry quite a bit. SPX pushed lower almost immediately afterward, but because of where I entered and the distance I had, the spread was profitable almost from the start.
# Completing the Range
SPX later rolled back over and broke structure below yesterday’s low again.
On the close below that structure, I opened a **6-lot 7685/7705 CCS at $0.20**. The $0.20 credit wasn’t about chasing tiny premium. IV was lower, and I was intentionally prioritizing comfortable distance. My plan was to establish the position farther away and add if volatility gave me better pricing. That opportunity came during the next spike, when I added **1 more contract at $0.55**, bringing the CCS to 7 contracts total.
My PCS came under some pressure during the move lower, but nothing outside what I considered normal for the setup.
# Afternoon
SPX eventually made another strong push higher. By then, my CCS still had plenty of room. Near the top of the move I could have added the same spread again for roughly $0.30-$0.40, but I passed.
That ended up being one of the decisions I liked most today. I already had the exposure I wanted, and there was no reason to increase it just because premium improved.
SPX eventually ground lower again, leaving both sides safely OTM into expiration.
# Key Takeaway
A range thesis doesn’t require predicting every rotation. It means waiting for structure to give you opportunities on both sides, creating enough distance to survive the noise, and knowing when the position is already doing its job.
***Sometimes the best additional trade is the one you decide not to take.***