• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Trade Alert - (VEEV) September 6, 2019 - SELL-TAKE PROFITS

Tech Alert

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.


Alert

 

Tech Trade Alert - Veeva Systems Inc.  (VEEV) – SELL – TAKE PROFITS

SELL the Veeva Systems Inc. (VEEV) September 2019 $135-$140 in-the-money vertical BULL CALL spread at $4.95 or best

Closing Trade

9-6-2019

expiration date: September 20, 2019

Portfolio weighting: 10%

Number of Contracts = 23 contracts

I will keep coming back to this one from the long side, especially if I can roll down my strikes, but now is time to take profits on our call spread.

Veeva has been resilient as steel.

Veeva Systems has exhibited strong support around the $155 to $160 levels throughout these volatile sessions.

Why do we look at Veeva Systems?

If you thought there was no cloud stock for healthcare, then you thought wrong.

Veeva Systems offers cloud-based solutions for the pharmaceutical and life sciences industries.

Not only do they offer these cloud products, they are 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.

Moving on, Veeva’s growth is projected to continue in the second quarter, with a projected bump of 25.6% on the back of nearly 24% revenue expansion.

Meanwhile, the cloud company’s full-year revenue is expected to climb 21.9% to reach $1.05 billion to help earnings climb by 24.5%.

Fiscal 2020 and 2021 are estimated to be homeruns too, so what’s not to like?

Hold the stock long term if you don’t trade options.

Here are the specific trades you need to execute this position:

SELL 23 September 2019 (VEEV) $135 calls at……......…….………$24.35

Buy to cover short 23 September 2019 (VEEV) $140 calls at…….$19.40

Net Proceeds:……………………..…….………..…..........................….....$4.95

Profit: $4.95 - $4.10 = $0.85

(23 X 100 X $0.85) = $1,955 or 19.55%

 

To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of Interactive Brokers.

If you are uncertain on how to execute an options spread, please watch my training video on “How to Execute a Vertical Bull Call Spread” by clicking here.
 
The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.

Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://www.madhedgefundtrader.com/wp-content/uploads/2016/02/Alert-e1457452190575.jpg 135 150 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2019-09-06 15:15:362019-09-06 15:15:36Trade Alert - (VEEV) September 6, 2019 - SELL-TAKE PROFITS

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: Trade Alert - (W) September 6, 2019 - SELL-TAKE PROFITS Link to: Trade Alert - (W) September 6, 2019 - SELL-TAKE PROFITS Trade Alert - (W) September 6, 2019 - SELL-TAKE PROFITS Link to: September 9, 2019 - Quote of the Day Link to: September 9, 2019 - Quote of the Day September 9, 2019 - Quote of the Day
Scroll to top