CLVT Collar Strategy
CLVT (Clarivate Plc), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands. It offers Web of Science products and services, such as Web of Science, InCites, Journal Citation Reports, EndNote, ScholarOne, Converis, Publons, and Kopernio to organizations that plan, fund, implement, and utilize research; and Life Sciences products, including Cortellis and Newport Integrity for pharmaceutical and biotechnology companies to support research, market intelligence, and competitive monitoring in connection with the development and commercialization of new drugs. The company also provides Derwent products, which include Derwent Innovation, Techstreet, and IP Professional Services that enables its customers to evaluate the novelty of potential new products, confirm freedom to operate with respect to their product design, help them secure patent protection, assess the competitive technology landscape, and ensure that their products comply with required industry standards; CompuMark products, such as trademark screening, searching, and watching products and services for businesses and law firms; and MarkMonitor products, which helps enterprises to establish, manage, optimize, and protect their online presence. It serves government and academic institutions, life science companies, and research and development corporations in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. The company was formerly known as Clarivate Analytics Plc and changed its name to Clarivate Plc in May 2020. Clarivate Plc is headquartered in London, the United Kingdom.
CLVT (Clarivate Plc) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $1.56B, a beta of 1.41 versus the broader market, a 52-week range of 1.66-4.77, average daily share volume of 6.8M, a public-listing history dating back to 2018, approximately 12K full-time employees. These structural characteristics shape how CLVT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.41 indicates CLVT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a collar on CLVT?
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 CLVT snapshot
As of May 14, 2026, spot at $2.35, ATM IV 57.30%, IV rank 11.05%, expected move 16.43%. The collar on CLVT 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 35-day expiry.
Why this collar structure on CLVT specifically: IV regime affects collar pricing on both sides; compressed CLVT IV at 57.30% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 16.43% (roughly $0.39 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CLVT expiries trade a higher absolute premium for lower per-day decay. Position sizing on CLVT should anchor to the underlying notional of $2.35 per share and to the trader's directional view on CLVT stock.
CLVT collar setup
The CLVT 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 CLVT near $2.35, the first option leg uses a $2.47 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CLVT chain at a 35-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 CLVT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $2.35 | long |
| Sell 1 | Call | $2.47 | N/A |
| Buy 1 | Put | $2.23 | N/A |
CLVT 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.
CLVT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on CLVT. 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 CLVT
Collars on CLVT hedge an existing long CLVT 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.
CLVT thesis for this collar
The market-implied 1-standard-deviation range for CLVT extends from approximately $1.96 on the downside to $2.74 on the upside. A CLVT collar hedges an existing long CLVT 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 CLVT IV rank near 11.05% 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 CLVT at 57.30%. As a Technology name, CLVT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CLVT-specific events.
CLVT 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. CLVT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CLVT alongside the broader basket even when CLVT-specific fundamentals are unchanged. Always rebuild the position from current CLVT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on CLVT?
- A collar on CLVT is the collar strategy applied to CLVT (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 CLVT stock trading near $2.35, the strikes shown on this page are snapped to the nearest listed CLVT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CLVT 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 CLVT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 57.30%), 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 CLVT collar?
- The breakeven for the CLVT 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 CLVT market-implied 1-standard-deviation expected move is approximately 16.43%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on CLVT?
- Collars on CLVT hedge an existing long CLVT 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 CLVT implied volatility affect this collar?
- CLVT ATM IV is at 57.30% with IV rank near 11.05%, 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.