Investors in Veeva Systems Inc (NYSE: VEEV) are actively trading new options set to expire on July 17, 2023. Notably, the put contract at a $170 strike price has a current bid of $12.30, offering a potential cost basis of $157.70 for investors looking to buy shares, which is a 1% discount from the current trading price of $171.32. If the put expires worthless, investors could see a return of 7.24% on their cash commitment, or 34.30% annualized.
On the call side, the $175 strike price call option is bid at $12.80. Investors purchasing shares at the current price can earn a total return of 9.62% if the option is executed, though it carries the risk of leaving potential gains unclaimed should shares rise significantly. Current odds suggest a 48% possibility of the call expiring worthless, allowing the investor to keep both the shares and the premium, equating to a potential YieldBoost of 7.47%, or 35.42% annualized.
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