0.67Open0.80Pre Close14 Volume586 Open Interest180.00Strike Price624.00Turnover31.54%IV4.35%PremiumJul 19, 2024Expiry Date0.00Intrinsic Value100Multiplier5DDays to Expiry0.25Extrinsic Value100Contract SizeAmericanOptions Type-0.1156Delta0.0279Gamma469.80Leverage Ratio-0.1286Theta-0.0028Rho-54.31Eff Leverage0.0431Vega
Veeva Systems Stock Discussion
Wider View
- Post COVID run built towards a distribution range between 260 and 330
- With the rate hikes, VEEV went on a sell down but has since been on an accumulation phase from 2022 until now
- And we are now at another possible attempt to break out the accumulation range
- Upside could be movement up to previous range again or up to 290 (middle of range)
Bullish View
- Price action moves in distribution and accumulation so it is eno...
- Entire 2022 and 2023 had been moving in range (between 160 and 225)
- Mid range is 193 (and guess where it is now ending 2023)
- Significant gap down on 9 Nov 2023 but has since fully filled the gap as of end 2023
- MA5 has since crossed above MA20 and MA20 is also soon to cross MA50
- On weekly charts, price action has moved above MA50 too (187)
My plays with optimism
- Any pullbacks I will grab at about 186 ...
don't be fooled by the market makers, take this opportunity to add more shares.....
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