CCSI Straddle Strategy
CCSI (Consensus Cloud Solutions, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Consensus Cloud Solutions, Inc., together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data. It serves healthcare, education, law, and financial services industries. Consensus Cloud Solutions, Inc. was incorporated in 2021 and is headquartered in Los Angeles, California.
CCSI (Consensus Cloud Solutions, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $525.6M, a trailing P/E of 6.07, a beta of 1.84 versus the broader market, a 52-week range of 19.42-37.3, average daily share volume of 172K, a public-listing history dating back to 2021, approximately 518 full-time employees. These structural characteristics shape how CCSI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.84 indicates CCSI 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 6.07 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 straddle on CCSI?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
Current CCSI snapshot
As of May 15, 2026, spot at $28.23, ATM IV 57.80%, IV rank 6.40%, expected move 16.57%. The straddle on CCSI 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 straddle structure on CCSI specifically: CCSI IV at 57.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a CCSI straddle, with a market-implied 1-standard-deviation move of approximately 16.57% (roughly $4.68 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 CCSI expiries trade a higher absolute premium for lower per-day decay. Position sizing on CCSI should anchor to the underlying notional of $28.23 per share and to the trader's directional view on CCSI stock.
CCSI straddle setup
The CCSI straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CCSI near $28.23, the first option leg uses a $28.23 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CCSI 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 CCSI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $28.23 | N/A |
| Buy 1 | Put | $28.23 | N/A |
CCSI straddle 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
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
CCSI straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on CCSI. 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 straddle on CCSI
Straddles on CCSI are pure-volatility plays that profit from large moves in either direction; traders typically buy CCSI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
CCSI thesis for this straddle
The market-implied 1-standard-deviation range for CCSI extends from approximately $23.55 on the downside to $32.91 on the upside. A CCSI long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current CCSI IV rank near 6.40% 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 CCSI at 57.80%. As a Technology name, CCSI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CCSI-specific events.
CCSI straddle positions are structurally neutral / high-volatility (long premium); 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. CCSI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CCSI alongside the broader basket even when CCSI-specific fundamentals are unchanged. Always rebuild the position from current CCSI chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on CCSI?
- A straddle on CCSI is the straddle strategy applied to CCSI (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With CCSI stock trading near $28.23, the strikes shown on this page are snapped to the nearest listed CCSI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CCSI straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the CCSI straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 57.80%), 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 CCSI straddle?
- The breakeven for the CCSI straddle 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 CCSI market-implied 1-standard-deviation expected move is approximately 16.57%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on CCSI?
- Straddles on CCSI are pure-volatility plays that profit from large moves in either direction; traders typically buy CCSI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current CCSI implied volatility affect this straddle?
- CCSI ATM IV is at 57.80% with IV rank near 6.40%, 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.