CCLD Butterfly Strategy
CCLD (CareCloud, Inc.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.
CareCloud, Inc. operates as a specialized healthcare technology firm, delivering a comprehensive portfolio of cloud-powered solutions and related professional services. Its primary clientele consists of medical providers and hospitals throughout the United States. The company strategically organizes its activities into two core divisions: Healthcare IT and Medical Practice Management. Through its Software-as-a-Service (SaaS) platform, CareCloud provides essential tools for managing revenue cycles, administering practices, handling electronic health records, gleaning business insights, facilitating telehealth, and enhancing patient engagement. These offerings, complemented by various software utilities and tailored business services, are designed to empower diverse medical groups and health systems. Professionals such as doctors, nurses, physician assistants, and other clinical staff who render billable services are among its key users.
CCLD (CareCloud, Inc.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $91.4M, a trailing P/E of 9.34, a beta of 1.51 versus the broader market, a 52-week range of 2.07-4.01, average daily share volume of 542K, 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 1.51 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 9.34 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 butterfly on CCLD?
A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration.
Current CCLD snapshot
As of June 29, 2026, spot at $2.16, ATM IV 57.90%, IV rank 8.68%, expected move 16.60%. The butterfly 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 18-day expiry.
Why this butterfly structure on CCLD specifically: CCLD IV at 57.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a CCLD butterfly, with a market-implied 1-standard-deviation move of approximately 16.60% (roughly $0.36 on the underlying). The 18-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 $2.16 per share and to the trader's directional view on CCLD stock.
CCLD butterfly setup
The CCLD butterfly 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 $2.16, the first option leg uses a $2.05 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 18-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 | Call | $2.05 | N/A |
| Sell 2 | Call | $2.16 | N/A |
| Buy 1 | Call | $2.27 | N/A |
CCLD butterfly 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 the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit.
CCLD butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly 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 butterfly on CCLD
Butterflies on CCLD are pinning bets - traders use them when they expect CCLD to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.
CCLD thesis for this butterfly
The market-implied 1-standard-deviation range for CCLD extends from approximately $1.80 on the downside to $2.52 on the upside. A CCLD long call butterfly is a pinning play: it pays maximum at the middle strike if CCLD settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current CCLD IV rank near 8.68% 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 CCLD at 57.90%. 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 butterfly positions are structurally neutral / pin (limited-risk, limited-reward); 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. Always rebuild the position from current CCLD chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on CCLD?
- A butterfly on CCLD is the butterfly strategy applied to CCLD (stock). The strategy is structurally neutral / pin (limited-risk, limited-reward): A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration. With CCLD stock trading near $2.16, 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 butterfly max profit and max loss calculated?
- Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit. For the CCLD butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 57.90%), 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 butterfly?
- The breakeven for the CCLD butterfly 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 16.60%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on CCLD?
- Butterflies on CCLD are pinning bets - traders use them when they expect CCLD to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.
- How does current CCLD implied volatility affect this butterfly?
- CCLD ATM IV is at 57.90% with IV rank near 8.68%, 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.