VERI Bear Put Spread Strategy
VERI (Veritone, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data. The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants. It serves media and entertainment, government, legal and compliance, energy, and other vertical markets. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was incorporated in 2014 and is headquartered in Denver, Colorado.
VERI (Veritone, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $101.8M, a beta of 2.27 versus the broader market, a 52-week range of 1.22-9.42, average daily share volume of 2.5M, a public-listing history dating back to 2017, approximately 469 full-time employees. These structural characteristics shape how VERI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.27 indicates VERI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a bear put spread on VERI?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
Current VERI snapshot
As of May 15, 2026, spot at $2.08, ATM IV 102.90%, IV rank 17.14%, expected move 29.50%. The bear put spread on VERI below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this bear put spread structure on VERI specifically: VERI IV at 102.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a VERI bear put spread, with a market-implied 1-standard-deviation move of approximately 29.50% (roughly $0.61 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VERI expiries trade a higher absolute premium for lower per-day decay. Position sizing on VERI should anchor to the underlying notional of $2.08 per share and to the trader's directional view on VERI stock.
VERI bear put spread setup
The VERI bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With VERI near $2.08, the first option leg uses a $2.08 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VERI chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 VERI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $2.08 | N/A |
| Sell 1 | Put | $1.98 | N/A |
VERI bear put spread risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
VERI bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on VERI. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use bear put spread on VERI
Bear put spreads on VERI reduce the cost of a bearish VERI stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
VERI thesis for this bear put spread
The market-implied 1-standard-deviation range for VERI extends from approximately $1.47 on the downside to $2.69 on the upside. A VERI bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on VERI, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current VERI IV rank near 17.14% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on VERI at 102.90%. As a Technology name, VERI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VERI-specific events.
VERI bear put spread positions are structurally moderately bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. VERI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VERI alongside the broader basket even when VERI-specific fundamentals are unchanged. Long-premium structures like a bear put spread on VERI are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current VERI chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on VERI?
- A bear put spread on VERI is the bear put spread strategy applied to VERI (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With VERI stock trading near $2.08, the strikes shown on this page are snapped to the nearest listed VERI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VERI bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the VERI bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 102.90%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a VERI bear put spread?
- The breakeven for the VERI bear put spread priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current VERI market-implied 1-standard-deviation expected move is approximately 29.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on VERI?
- Bear put spreads on VERI reduce the cost of a bearish VERI stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current VERI implied volatility affect this bear put spread?
- VERI ATM IV is at 102.90% with IV rank near 17.14%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.