When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Alert - Veeva Systems Inc. (VEEV) – EXPIRATION – TAKE PROFITS
Expiration of Veeva Systems Inc. (VEEV) November 2019 $120-$125 in-the-money vertical BULL CALL spread at $5.00
Closing Trade
11-15-2019
expiration date: November 15, 2019
Portfolio weighting: 10%
Number of Contracts = 26 contracts
We dove back into Veeva Systems after the stock was down almost 3.5%, in the low 140s, and the stock has done nothing but go up.
Veeva had a good earnings report and it's one of my favorite cloud health plays.
Veeva Systems offers cloud-based solutions for the pharmaceutical and life sciences industries.
Not only do they offer these cloud products, but they are also one of the best at what they do.
Veeva’s software-as-a-service model helps deliver industry-specific tools for customer relationship management, content management, and many other enterprise applications much like Salesforce.
Fiscal 2020 and 2021 are estimated to be home runs too, so what’s not to like?
Here are the specific trades you need to execute this position:
Expiration of 26 November 2019 (VEEV) $120 calls at….………$32.90
Expiration of short 26 November 2019 (VEEV) $125 calls at...$27.90
Net Proceeds:……………………..…….………........................…….....$5.00
Profit: $5.00 - $3.95 = $1.05
(26 X 100 X $1.05) = $2,730 or 27.30% in 30 days.
