VERI Straddle Strategy
VERI (Veritone, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Veritone, Inc., together with its affiliates, specializes in providing artificial intelligence (AI) computing solutions to clients in both the United States and the United Kingdom. A core offering is its aiWARE platform, an advanced AI operating system designed to extract valuable insights from vast quantities of structured and unstructured data. This platform employs a variety of machine learning algorithms and AI models focused on areas like perception, prediction, and optimization for problem-solving. Furthermore, it integrates numerous cognitive processes such as transcription, language translation, detection and recognition of faces, objects, and logos, sentiment analysis, textual keyword/topic analysis, audio/video fingerprinting, geolocation, visual content moderation, and optical character recognition. In addition to its AI technology, the company also functions as a media advertising agency. Its services include comprehensive media planning and strategy, buying and placement of advertising, crafting campaign messages, verifying clearance, managing attribution, and providing custom analytics.
VERI (Veritone, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $141.3M, a beta of 2.31 versus the broader market, a 52-week range of 0.98-9.42, average daily share volume of 2.7M, a public-listing history dating back to 2017, approximately 442 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 2.31 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 straddle on VERI?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
VERI snapshot
As of August 14, 2026, spot at $1.13, ATM IV 119.10%, IV rank 24.32%, expected move 34.14%. The straddle on VERI below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this straddle structure on VERI specifically: VERI IV at 119.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a VERI straddle, with a market-implied 1-standard-deviation move of approximately 34.14% (roughly $0.39 on the underlying). The 35-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 $1.13 per share and to the trader's directional view on VERI stock.
VERI straddle setup
The VERI straddle 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 at $1.13 on that close, the first option leg uses a $1.13 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 35-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 | Call | $1.13 | N/A |
| Buy 1 | Put | $1.13 | N/A |
VERI straddle 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
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
VERI straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle 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 straddle on VERI
Straddles on VERI are pure-volatility plays that profit from large moves in either direction; traders typically buy VERI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
VERI thesis for this straddle
The market-implied 1-standard-deviation range for VERI extends from approximately $0.74 on the downside to $1.52 on the upside. A VERI long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current VERI IV rank near 24.32% 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 119.10%. 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 straddle positions are structurally neutral / high-volatility (long premium); 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 straddle on VERI?
- A straddle on VERI is the straddle strategy applied to VERI (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With VERI stock at $1.13 on the most recent close, the strikes shown on this page are snapped to the nearest listed VERI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are VERI straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the VERI straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 119.10%), 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 straddle?
- The breakeven for the VERI straddle priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The VERI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 34.14%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on VERI?
- Straddles on VERI are pure-volatility plays that profit from large moves in either direction; traders typically buy VERI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current VERI implied volatility affect this straddle?
- VERI ATM IV is at 119.10% with IV rank near 24.32%, 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.