A whale with a lot of money to spend had a noticeably strong stance Service Today.
Viewing the history of options for ServiceNow NOW we saw 14 strange trades.
If we consider the details of each trade, it is accurate to say that 57% of investors opened trades with bullish expectations and 42% with bearish.
Of the overall spotted trades, 10 were placed, for a total value of $ 566,987 and 4, calls, for a total value of $ 133,901.
What is the Target Price?
Considering the Volume and Open Interest in these contracts, it appears that Whales has been targeting a price range from $ 200.0 to $ 500.0 for ServiceNow over the past 3 months.
Volume and Open Interest Development
In terms of liquidity and interest, the mean open interest for the options on ServiceNow being traded today is 188.3 with a total volume of 814.00.
In the following chart, we track the volume and open interest generation of calling and placement options for ServiceNow’s large currency trades within the strike price range of $ 200.0 to $ 500.0 over the past 30 days.
ServiceNow Option Volume And Open Interest Over Last 30 Days
Largest Options Seen:
| Symbol | PUT/CALL | Type of Trade | Sentiment | Exp. Date | Strike Price | Total Trading Price | Open Interest | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | PUT | TRADE | BULLISH | 09/16/22 | $ 350.00 | $ 150.0K | 736 | 100 |
| NOW | PUT | WALIS | BULLISH | 11/18/22 | $ 290.00 | $ 71.4K | 3 | 146 |
| NOW | PUT | WALIS | BULLISH | 11/18/22 | $ 290.00 | $ 57.6K | 3 | 76 |
| NOW | PUT | TRADE | BEARISH | 01/19/24 | $ 500.00 | $ 57.5K | 47 | 5 |
| NOW | PUT | TRADE | BEARISH | 07/15/22 | $ 400.00 | $ 52.5K | 758 | 4 |
| Symbol | PUT/CALL | Type of Trade | Sentiment | Exp. Date | Strike Price | Total Trading Price | Open Interest | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | PUT | TRADE | BULLISH | 09/16/22 | $ 350.00 | $ 150.0K | 736 | 100 |
| NOW | PUT | WALIS | BULLISH | 11/18/22 | $ 290.00 | $ 71.4K | 3 | 146 |
| NOW | PUT | WALIS | BULLISH | 11/18/22 | $ 290.00 | $ 57.6K | 3 | 76 |
| NOW | PUT | TRADE | BEARISH | 01/19/24 | $ 500.00 | $ 57.5K | 47 | 5 |
| NOW | PUT | TRADE | BEARISH | 07/15/22 | $ 400.00 | $ 52.5K | 758 | 4 |
Where Does ServiceNow Stand Now?
- At a volume of 435,705, the NOW price rose 2.4% to $ 455.44.
- RSI indicators indicate that the underlying stock may be approaching overbought.
- Subsequent earnings are expected to be released within 42 days.
What Service Experts Say Today:
- Piper Sandler decided to keep their Overweight rating on ServiceNow, which is currently at a target price of $ 600.
- Morgan Stanley decided to keep their Overweight rating on ServiceNow, which currently sits at the $ 594 price target.
- Wells Fargo lowered its action to Overweight with a target price of $ 600
- Mizuho decided to keep their Buy rating on ServiceNow, which is currently at a target price of $ 550.
- Jefferies decided to keep their Buy rating on ServiceNow, which is currently at a target price of $ 550.
Options are more risky assets compared to just stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following closely the markets.
If you want to stay updated on the latest trade options for ServiceNow, Benzinga Pro gives you real-time trade options alerts.