VERI Collar 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 collar on VERI?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
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 collar 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 collar structure on VERI specifically: IV regime affects collar pricing on both sides; compressed VERI IV at 102.90% typically pushes the short call premium to roughly offset the long put cost, 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 collar setup
The VERI collar 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 $2.18 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 100 shares | Stock | $2.08 | long |
| Sell 1 | Call | $2.18 | N/A |
| Buy 1 | Put | $1.98 | N/A |
VERI collar 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 roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
VERI collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar 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 collar on VERI
Collars on VERI hedge an existing long VERI stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
VERI thesis for this collar
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 collar hedges an existing long VERI position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. 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 collar positions are structurally neutral (protective); 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. Always rebuild the position from current VERI chain quotes before placing a trade.
Frequently asked questions
- What is a collar on VERI?
- A collar on VERI is the collar strategy applied to VERI (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. 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 collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the VERI collar 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 collar?
- The breakeven for the VERI collar 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 collar on VERI?
- Collars on VERI hedge an existing long VERI stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current VERI implied volatility affect this collar?
- 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.