Commit To Purchase Veeva Systems At $23, Earn 7.2% Using Options

Investors considering a purchase of Veeva Systems Inc (VEEV) shares, but tentative about paying the going market price of $30.77/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $23 strike, which has a bid at the time of this writing of $1.65..