High-rolling investors have positioned themselves bullish on Veeva Sys VEEV, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in VEEV often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Veeva Sys. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $36,960, and 7 calls, totaling $266,662.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $250.0 for Veeva Sys during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Veeva Sys stands at 661.75, with a total volume reaching 929.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Veeva Sys, situated within the strike price corridor from $180.0 to $250.0, throughout the last 30 days.
Veeva Sys Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VEEV | CALL | SWEEP | BULLISH | 01/19/24 | $180.00 | $91.2K | 2.4K | 50 |
| VEEV | CALL | TRADE | BULLISH | 06/21/24 | $200.00 | $37.0K | 1.1K | 24 |
| VEEV | PUT | TRADE | BEARISH | 01/17/25 | $240.00 | $36.9K | 125 | 8 |
| VEEV | CALL | SWEEP | BEARISH | 02/16/24 | $190.00 | $29.5K | 246 | 34 |
| VEEV | CALL | SWEEP | BULLISH | 01/19/24 | $195.00 | $29.4K | 1.0K | 142 |
About Veeva Sys
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
Having examined the options trading patterns of Veeva Sys, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Veeva Sys
- With a trading volume of 893,892, the price of VEEV is up by 0.07%, reaching $194.02.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 48 days from now.
What The Experts Say On Veeva Sys
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $220.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Veeva Sys with a target price of $220.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Veeva Sys with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
