CLVT Straddle 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 straddle on CLVT?
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 CLVT snapshot
As of May 14, 2026, spot at $2.35, ATM IV 57.30%, IV rank 11.05%, expected move 16.43%. The straddle 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 straddle structure on CLVT specifically: CLVT IV at 57.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a CLVT straddle, 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 straddle setup
The CLVT 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 CLVT near $2.35, the first option leg uses a $2.35 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 1 | Call | $2.35 | N/A |
| Buy 1 | Put | $2.35 | N/A |
CLVT 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.
CLVT straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle 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 straddle on CLVT
Straddles on CLVT are pure-volatility plays that profit from large moves in either direction; traders typically buy CLVT straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
CLVT thesis for this straddle
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 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 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 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. 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 straddle on CLVT?
- A straddle on CLVT is the straddle strategy applied to CLVT (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 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 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 CLVT straddle 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 straddle?
- The breakeven for the CLVT 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 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 straddle on CLVT?
- Straddles on CLVT are pure-volatility plays that profit from large moves in either direction; traders typically buy CLVT 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 CLVT implied volatility affect this straddle?
- 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.