Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VEEVA SYSTEMS INC (VEEV) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VEEV was recently trading at $322.42 and has an implied volatility of 26.56% for this period. Based on an analysis of the options available for VEEV expiring on 20-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $322.44-$348.11 at expiration. In this scenario, the average linear return for the trade would be 59.21%. 52 week high: VEEVA SYSTEMS INC recently reached a new 52-week high at $329.07. VEEV had traded in the range $235.74-$326.89 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if VEEV maintains its current direction and does not revert back to pricing on the bearish side of $322.42 on 20-Aug-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if VEEVA SYSTEMS INC closes at or above $321.70 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 51.20% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.