VERI Long Put 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 long put on VERI?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

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 long put 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 long put 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 long put, 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 long put setup

The VERI long put 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).

ActionTypeStrike / BasisPremium (est)
Buy 1Put$2.08N/A

VERI long put 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 the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

VERI long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put 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 long put on VERI

Long puts on VERI hedge an existing long VERI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying VERI exposure being hedged.

VERI thesis for this long put

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 long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long VERI position with one put per 100 shares held. 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 long put positions are structurally 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 long put 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 long put on VERI?
A long put on VERI is the long put strategy applied to VERI (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. 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 long put max profit and max loss calculated?
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the VERI long put 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 long put?
The breakeven for the VERI long put 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 long put on VERI?
Long puts on VERI hedge an existing long VERI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying VERI exposure being hedged.
How does current VERI implied volatility affect this long put?
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.

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