0.77Open0.85Pre Close42 Volume297 Open Interest165.00Strike Price3.35KTurnover48.58%IV17.55%PremiumSep 20, 2024Expiry Date0.00Intrinsic Value100Multiplier27DDays to Expiry0.72Extrinsic Value100Contract SizeAmericanOptions Type-0.0641Delta0.0048Gamma257.10Leverage Ratio-0.0589Theta-0.0089Rho-16.48Eff Leverage0.0679Vega
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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