CTEV Cash-Secured Put Strategy
CTEV (Claritev Corporation), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NYSE.
Claritev Corporation, together with its affiliated companies, provides advanced data analytics and technology-enabled services focused on cost management, payment optimization, and revenue assurance for the healthcare sector across the United States. The company offers a suite of services designed to reduce medical expenses. This includes analytics-driven solutions that utilize sophisticated algorithms and data insights to pinpoint billing overcharges, subsequently assisting with or recommending appropriate reimbursement negotiations. Additionally, their network-focused services secure discounted rates through contracts with healthcare providers and provide outsourced administration for these provider networks. Claritev also specializes in payment and revenue integrity, identifying and removing erroneous or unwarranted charges processed during claims, while simultaneously working to identify, recover, and safeguard underpaid premium amounts. Furthermore, their data and decision science offerings encompass a range of solutions that apply modern data science methodologies—including descriptive, predictive, and prescriptive analytics—to refine benefit plan structures, aid strategic decision-making, enhance patient clinical results, and ultimately lower overall healthcare costs.
CTEV (Claritev Corporation) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $602.1M, a beta of 0.70 versus the broader market, a 52-week range of 11.5-74.07, average daily share volume of 132K, a public-listing history dating back to 2020, approximately 3K full-time employees. These structural characteristics shape how CTEV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.70 places CTEV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a cash-secured put on CTEV?
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.
CTEV snapshot
As of August 14, 2026, spot at $38.68, ATM IV 110.30%, IV rank 15.13%, expected move 31.62%. The cash-secured put on CTEV below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 126-day expiry.
Why this cash-secured put structure on CTEV specifically: CTEV IV at 110.30% is on the cheap side of its 1-year range, which means a premium-selling CTEV cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 31.62% (roughly $12.23 on the underlying). The 126-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CTEV expiries trade a higher absolute premium for lower per-day decay. Position sizing on CTEV should anchor to the underlying notional of $38.68 per share and to the trader's directional view on CTEV stock.
CTEV cash-secured put setup
The CTEV cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CTEV at $38.68 on that close, the first option leg uses a $35.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CTEV chain at a 126-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 CTEV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $35.00 | $7.70 |
CTEV cash-secured put risk and reward
- Net Premium / Debit
- +$770.00
- Max Profit (per contract)
- $770.00
- Max Loss (per contract)
- -$2,729.00
- Breakeven(s)
- $27.30
- Risk / Reward Ratio
- 0.282
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CTEV cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CTEV. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$2,729.00 |
| $8.56 | -77.9% | -$1,873.87 |
| $17.11 | -55.8% | -$1,018.75 |
| $25.66 | -33.7% | -$163.62 |
| $34.22 | -11.5% | +$691.50 |
| $42.77 | +10.6% | +$770.00 |
| $51.32 | +32.7% | +$770.00 |
| $59.87 | +54.8% | +$770.00 |
| $68.42 | +76.9% | +$770.00 |
| $76.97 | +99.0% | +$770.00 |
When traders use cash-secured put on CTEV
Cash-secured puts on CTEV earn premium while a trader waits to acquire CTEV stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CTEV.
CTEV thesis for this cash-secured put
The market-implied 1-standard-deviation range for CTEV extends from approximately $26.45 on the downside to $50.91 on the upside. A CTEV cash-secured put lets a trader earn premium while waiting to acquire CTEV 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 CTEV IV rank near 15.13% 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 CTEV at 110.30%. As a Healthcare name, CTEV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CTEV-specific events.
CTEV 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. CTEV positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CTEV alongside the broader basket even when CTEV-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CTEV carry tail risk when realized volatility exceeds the implied move; review historical CTEV earnings reactions and macro stress periods before sizing. Always rebuild the position from current CTEV chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CTEV?
- A cash-secured put on CTEV is the cash-secured put strategy applied to CTEV (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 CTEV stock at $38.68 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CTEV chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CTEV 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 CTEV cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 110.30%), the computed maximum profit is $770.00 per contract and the computed maximum loss is -$2,729.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CTEV cash-secured put?
- The breakeven for the CTEV cash-secured put priced on this page is roughly $27.30 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CTEV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 31.62%; 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 CTEV?
- Cash-secured puts on CTEV earn premium while a trader waits to acquire CTEV stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CTEV.
- How does current CTEV implied volatility affect this cash-secured put?
- CTEV ATM IV is at 110.30% with IV rank near 15.13%, 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.