A whale with a lot of money to spend had a noticeably bearish stance Service Today.
Viewing the history of options for ServiceNow NOW we saw 13 strange trades.
If we consider the details of each trade, it is accurate to say that 38% of investors opened trades with bullish expectations and 61% with bearish.
Of the overall spotted trades, 10 were placed, for a total value of $ 640,805 and 3, calls, for a total value of $ 93,020.
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 $ 300.0 to $ 580.0 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 212.91 with a total volume of 556.00.
In the following chart, we track the volume generation and open interest of calling and placement options for ServiceNow’s large currency trades within the strike price range of $ 300.0 to $ 580.0 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 | WALIS | BULLISH | 03/18/22 | $ 510.00 | $ 167.3K | 514 | 146 |
| NOW | PUT | TRADE | NEUTRAL | 09/16/22 | $ 540.00 | $ 86.5K | 273 | 10 |
| NOW | PUT | WALIS | BULLISH | 03/18/22 | $ 510.00 | $ 70.8K | 514 | 198 |
| NOW | PUT | TRADE | BULLISH | 03/18/22 | $ 500.00 | $ 61.7K | 1.1K | 100 |
| NOW | PUT | TRADE | BEARISH | 03/18/22 | $ 570.00 | $ 57.2K | 116 | 10 |
Where Does ServiceNow Stand Now?
- At a volume of 362,226, the NOW price rose 2.51% to $ 507.55.
- RSI indicators indicate that the underlying stock may be approaching oversold.
- Subsequent earnings are expected to be released within 43 days.
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.