CCLD Collar 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 collar on CCLD?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
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 collar 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 collar structure on CCLD specifically: IV regime affects collar pricing on both sides; mid-range CCLD IV at 112.40% typically pushes the short call premium to roughly offset the long put cost, 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 collar setup
The CCLD collar 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 $2.23 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 100 shares | Stock | $2.12 | long |
| Sell 1 | Call | $2.23 | N/A |
| Buy 1 | Put | $2.01 | N/A |
CCLD collar 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 roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
CCLD collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar 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 collar on CCLD
Collars on CCLD hedge an existing long CCLD stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
CCLD thesis for this collar
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 collar hedges an existing long CCLD position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. Current CCLD IV rank near 36.89% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar 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 collar positions are structurally neutral (protective); 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 collar on CCLD?
- A collar on CCLD is the collar strategy applied to CCLD (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. 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 collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the CCLD collar 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 collar?
- The breakeven for the CCLD collar 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 collar on CCLD?
- Collars on CCLD hedge an existing long CCLD stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current CCLD implied volatility affect this collar?
- 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.