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 22 strange trades.
If we consider the details of each trade, it is accurate to say that 36% of investors opened trades with bullish expectations and 63% with bearish.
Of the general spotted trades, 16 were placed, for a total value of $ 600,149 and 6, calls, for a total value of $ 343,441.
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 $ 340.0 to $ 700.0 for ServiceNow over the past 3 months.
Volume and Open Interest Development
Looking at quantity and open interest is a powerful step while trading options. This data can help you track liquidity and interest for ServiceNow options for a particular strike price. Below, we note the evolution of volume and open interest of calls and placements, respectively, for all ServiceNow whale trades within the strike price range from $ 340.0 to $ 700.0 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 | CALL | WALIS | BEARISH | 01/20/23 | $ 340.00 | $ 163.5K | 18 | 0 |
| NOW | PUT | WALIS | BULLISH | 08/19/22 | $ 430.00 | $ 92.4K | 232 | 37 |
| NOW | CALL | WALIS | BEARISH | 08/19/22 | $ 480.00 | $ 62.4K | 46 | 67 |
| NOW | PUT | TRADE | BULLISH | 11/18/22 | $ 420.00 | $ 52.0K | 22 | 10 |
| NOW | PUT | TRADE | BULLISH | 01/20/23 | $ 400.00 | $ 49.0K | 2.2K | 10 |
| Symbol | PUT/CALL | Type of Trade | Sentiment | Exp. Date | Strike Price | Total Trading Price | Open Interest | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 340.00 | $ 163.5K | 18 | 0 |
| NOW | PUT | WALIS | BULLISH | 08/19/22 | $ 430.00 | $ 92.4K | 232 | 37 |
| NOW | CALL | WALIS | BEARISH | 08/19/22 | $ 480.00 | $ 62.4K | 46 | 67 |
| NOW | PUT | TRADE | BULLISH | 11/18/22 | $ 420.00 | $ 52.0K | 22 | 10 |
| NOW | PUT | TRADE | BULLISH | 01/20/23 | $ 400.00 | $ 49.0K | 2.2K | 10 |
Where Does ServiceNow Stand Now?
- At a volume of 1,630,729, the NOW price rose 1.0% to $ 432.22.
- RSI indicators indicate that the underlying stock is currently neutral between overbought and oversold.
- Subsequent earnings are expected to be released within 14 days.
Options are a more risky asset 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 trading options for ServiceNow, Benzinga Pro gives you real-time trading options alerts.