CLBT Cash-Secured Put Strategy
CLBT (Cellebrite DI Ltd.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Cellebrite DI Ltd. develops solutions for legally sanctioned investigations. Its DI platform allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations and solutions are used in a various case, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, intellectual property theft, and civil litigation. The company's Universal Forensic Extraction Device solution addresses problems in accessing digital information, including complicated device locks, encryption barriers, deleted and unknown content, and other obstacles that can prevent critical evidence from coming to light. It also offers Seeker solution that provides the ability to analyze video footage; OSINT Analyze, a real-time deep dive solution used to analyze open-source information, such as the surface web, deep web, and the dark web; and Crypto Tracer, which analyzes blockchain transactions together with related data from an extensive list of sources to identify and categorize wallets, and transactions. The company serves federal and state and local agencies, as well as enterprise companies and service providers. It has operations in the United States, Germany, Singapore, Australia, Brazil, United Kingdom, France, Canada, Japan, and India.
CLBT (Cellebrite DI Ltd.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $3.02B, a trailing P/E of 41.06, a beta of 1.15 versus the broader market, a 52-week range of 11.02-19.98, average daily share volume of 1.8M, a public-listing history dating back to 2020, approximately 1K full-time employees. These structural characteristics shape how CLBT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.15 places CLBT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 41.06 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 cash-secured put on CLBT?
A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.
Current CLBT snapshot
As of May 15, 2026, spot at $12.98, ATM IV 55.60%, IV rank 23.17%, expected move 15.94%. The cash-secured put on CLBT 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 cash-secured put structure on CLBT specifically: CLBT IV at 55.60% is on the cheap side of its 1-year range, which means a premium-selling CLBT cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 15.94% (roughly $2.07 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 CLBT expiries trade a higher absolute premium for lower per-day decay. Position sizing on CLBT should anchor to the underlying notional of $12.98 per share and to the trader's directional view on CLBT stock.
CLBT cash-secured put setup
The CLBT cash-secured put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CLBT near $12.98, the first option leg uses a $12.33 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CLBT 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 CLBT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $12.33 | N/A |
CLBT cash-secured put 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 premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CLBT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CLBT. 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 cash-secured put on CLBT
Cash-secured puts on CLBT earn premium while a trader waits to acquire CLBT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CLBT.
CLBT thesis for this cash-secured put
The market-implied 1-standard-deviation range for CLBT extends from approximately $10.91 on the downside to $15.05 on the upside. A CLBT cash-secured put lets a trader earn premium while waiting to acquire CLBT at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current CLBT IV rank near 23.17% 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 CLBT at 55.60%. As a Technology name, CLBT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CLBT-specific events.
CLBT cash-secured put positions are structurally neutral to slightly bullish; 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. CLBT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CLBT alongside the broader basket even when CLBT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CLBT carry tail risk when realized volatility exceeds the implied move; review historical CLBT earnings reactions and macro stress periods before sizing. Always rebuild the position from current CLBT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CLBT?
- A cash-secured put on CLBT is the cash-secured put strategy applied to CLBT (stock). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With CLBT stock trading near $12.98, the strikes shown on this page are snapped to the nearest listed CLBT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CLBT cash-secured put max profit and max loss calculated?
- Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the CLBT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 55.60%), 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 CLBT cash-secured put?
- The breakeven for the CLBT cash-secured put 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 CLBT market-implied 1-standard-deviation expected move is approximately 15.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a cash-secured put on CLBT?
- Cash-secured puts on CLBT earn premium while a trader waits to acquire CLBT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CLBT.
- How does current CLBT implied volatility affect this cash-secured put?
- CLBT ATM IV is at 55.60% with IV rank near 23.17%, 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.