Unpacking the Latest Options Trading Trends in Veeva Systems
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a predominantly bearish sentiment among big-money traders for Veeva Systems (NYSE: VEEV). Benzinga's options scanner identified 9 significant trades, with 77% of the sentiment being bearish. The trading activity suggests a price window of $170.0 to $230.0 for VEEV. The stock is currently trading at $211.38, up by 3.71%, but RSI values suggest it may be overbought.
May 15, 2024 | 8:31 pm
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Recent options trading trends indicate a predominantly bearish sentiment among big-money traders for Veeva Systems. The trading activity suggests a price window of $170.0 to $230.0 for VEEV. The stock is currently trading at $211.38, up by 3.71%, but RSI values suggest it may be overbought.
The majority of the options trades identified (77%) are bearish, indicating that big-money traders expect the stock price to decline. Despite the current price increase, the RSI values suggest the stock may be overbought, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100