Let’s talk about the adjustment transaction. On August 20, 2020, I proposed ServiceNow (NOW)’s trading idea on September 18, 2020, that is, the call option spread between $440 and $480 is $17. This means long US$440 call options and short US$480, which reduces costs but limits the maximum value to US$40. This equates to a potential profit of $23. ServiceNow, and many others…
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