CCLD Bear Put Spread Strategy
CCLD (CareCloud, Inc.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.
CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
CCLD (CareCloud, Inc.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $90.1M, a trailing P/E of 9.21, a beta of 1.60 versus the broader market, a 52-week range of 1.96-4.01, average daily share volume of 609K, a public-listing history dating back to 2014, approximately 4K full-time employees. These structural characteristics shape how CCLD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.60 indicates CCLD has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 9.21 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a bear put spread on CCLD?
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.
Current CCLD snapshot
As of May 15, 2026, spot at $2.12, ATM IV 112.40%, IV rank 36.89%, expected move 32.22%. The bear put spread on CCLD 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 34-day expiry.
Why this bear put spread structure on CCLD specifically: CCLD IV at 112.40% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 32.22% (roughly $0.68 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CCLD expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCLD should anchor to the underlying notional of $2.12 per share and to the trader's directional view on CCLD stock.
CCLD bear put spread setup
The CCLD 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 CCLD near $2.12, the first option leg uses a $2.12 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCLD chain at a 34-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 CCLD shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $2.12 | N/A |
| Sell 1 | Put | $2.01 | N/A |
CCLD 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.
CCLD bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on CCLD. 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 CCLD
Bear put spreads on CCLD reduce the cost of a bearish CCLD stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
CCLD thesis for this bear put spread
The market-implied 1-standard-deviation range for CCLD extends from approximately $1.44 on the downside to $2.80 on the upside. A CCLD bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on CCLD, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current CCLD IV rank near 36.89% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on CCLD should anchor more to the directional view and the expected-move geometry. As a Healthcare name, CCLD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCLD-specific events.
CCLD 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. CCLD positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCLD alongside the broader basket even when CCLD-specific fundamentals are unchanged. Long-premium structures like a bear put spread on CCLD 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 CCLD chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on CCLD?
- A bear put spread on CCLD is the bear put spread strategy applied to CCLD (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 CCLD stock trading near $2.12, the strikes shown on this page are snapped to the nearest listed CCLD chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CCLD 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 CCLD bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 112.40%), 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 CCLD bear put spread?
- The breakeven for the CCLD bear put spread priced on this page is no defined breakeven on the modeled curve 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 CCLD market-implied 1-standard-deviation expected move is approximately 32.22%; 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 CCLD?
- Bear put spreads on CCLD reduce the cost of a bearish CCLD 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 CCLD implied volatility affect this bear put spread?
- CCLD ATM IV is at 112.40% with IV rank near 36.89%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.