[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BluntForceOptions [@BluntForceOpt](/creator/twitter/BluntForceOpt) on x XXX followers Created: 2025-07-20 23:58:36 UTC $CNC broke its multi-year trendline months ago, and the recent flush drove it straight into key support from the 2015–2017 range (~$27). Big structural break, but also a spot where longer-term buyers may start stepping in. As noted earlier, I began building a defined-risk long via 2026 LEAPS (Jun $55s, Sep $50s)... a slow-burn recovery setup targeting stabilization and a re-rating back toward the $50–55 range over time. Once the dust settles and we get clearer signs of fundamental stabilization, I’ll likely begin layering in short puts at levels I’m comfortable owning. If assigned, great... I lower my basis. If not, the premium helps finance the calls. This is a long-term rebuild. Not trying to nail the bottom... I’m building around time, structure, and optionality. Giddy up.  XXXXX engagements  **Related Topics** [cnc](/topic/cnc) [$50s](/topic/$50s) [$55s](/topic/$55s) [$cnc](/topic/$cnc) [stocks healthcare](/topic/stocks-healthcare) [Post Link](https://x.com/BluntForceOpt/status/1947083753869939154)
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BluntForceOptions @BluntForceOpt on x XXX followers
Created: 2025-07-20 23:58:36 UTC
$CNC broke its multi-year trendline months ago, and the recent flush drove it straight into key support from the 2015–2017 range (~$27). Big structural break, but also a spot where longer-term buyers may start stepping in.
As noted earlier, I began building a defined-risk long via 2026 LEAPS (Jun $55s, Sep $50s)... a slow-burn recovery setup targeting stabilization and a re-rating back toward the $50–55 range over time.
Once the dust settles and we get clearer signs of fundamental stabilization, I’ll likely begin layering in short puts at levels I’m comfortable owning. If assigned, great... I lower my basis. If not, the premium helps finance the calls.
This is a long-term rebuild. Not trying to nail the bottom... I’m building around time, structure, and optionality. Giddy up.
XXXXX engagements
Related Topics cnc $50s $55s $cnc stocks healthcare