CCC Bear Put Spread 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 bear put spread on CCC?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
CCC snapshot
As of August 14, 2026, spot at $6.97, ATM IV 51.20%, IV rank 13.61%, expected move 14.68%. The bear put spread 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 bear put spread structure on CCC specifically: CCC IV at 51.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a CCC bear put spread, 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 bear put spread setup
The CCC bear put spread 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 $6.97 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) |
|---|---|---|---|
| Buy 1 | Put | $6.97 | N/A |
| Sell 1 | Put | $6.62 | N/A |
CCC bear put spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
CCC bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread 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 bear put spread on CCC
Bear put spreads on CCC reduce the cost of a bearish CCC stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
CCC thesis for this bear put spread
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 bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on CCC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. 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 bear put spread positions are structurally moderately bearish; 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. Long-premium structures like a bear put spread on CCC are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current CCC chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on CCC?
- A bear put spread on CCC is the bear put spread strategy applied to CCC (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. 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 bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the CCC bear put spread 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 bear put spread?
- The breakeven for the CCC bear put spread 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 bear put spread on CCC?
- Bear put spreads on CCC reduce the cost of a bearish CCC stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current CCC implied volatility affect this bear put spread?
- 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.