7.40Open7.60Pre Close20 Volume309 Open Interest185.00Strike Price14.91KTurnover27.28%IV2.17%PremiumAug 16, 2024Expiry Date1.75Intrinsic Value100Multiplier25DDays to Expiry3.97Extrinsic Value100Contract SizeAmericanOptions Type-0.5225Delta0.0306Gamma31.06Leverage Ratio-0.0915Theta-0.0587Rho-16.23Eff Leverage0.1928Vega
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.....
No comment yet