20.75Open20.75Pre Close0 Volume105 Open Interest200.00Strike Price0.00Turnover26.79%IV3.91%PremiumAug 16, 2024Expiry Date13.45Intrinsic Value100Multiplier21DDays to Expiry7.30Extrinsic Value100Contract SizeAmericanOptions Type-0.8543Delta0.0223Gamma13.33Leverage Ratio-0.0479Theta-0.0596Rho-11.38Eff Leverage0.1016Vega
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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