Someone with a lot of money to spend had a weak stance Service Today NOW.
And retail traders should know.
We noticed this today when the big position emerged in the history of publicly available options that we are tracking here at Benzinga.
Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens NOW, it often means that someone knows something is going to happen.
So how do we know what this whale did?
Today, Benzinga’s options scanner detects 32 unusual options trades for ServiceNow.
This is not normal.
The overall sentiment of these big money traders is divided between 43% bullish and 56%, bearish.
Of all the special options we discovered, 2 were placed, for a total value of $ 69,550, and 30 were calls, for a total value of $ 4,996,950.
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 $ 380.0 to $ 860.0 for ServiceNow over the past 3 months.
Volume and Open Interest Development
In terms of liquidity and interest, the mean open interest for ServiceNow options traded today is 482.8 with a total volume of 17,026.00.
In the following chart, we track the volume generation and open interest of calling and placing options for ServiceNow’s large currency trades within the strike price range of $ 380.0 to $ 860.0 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 | $ 520.00 | $ 608.5K | 1.6K | 553 |
| NOW | CALL | WALIS | BULLISH | 01/20/23 | $ 520.00 | $ 579.6K | 1.6K | 176 |
| NOW | CALL | WALIS | BULLISH | 01/20/23 | $ 520.00 | $ 562.5K | 1.6K | 64 |
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 520.00 | $ 448.0K | 1.6K | 805 |
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 520.00 | $ 327.6K | 1.6K | 371 |
| Symbol | PUT/CALL | Type of Trade | Sentiment | Exp. Date | Strike Price | Total Trading Price | Open Interest | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 520.00 | $ 608.5K | 1.6K | 553 |
| NOW | CALL | WALIS | BULLISH | 01/20/23 | $ 520.00 | $ 579.6K | 1.6K | 176 |
| NOW | CALL | WALIS | BULLISH | 01/20/23 | $ 520.00 | $ 562.5K | 1.6K | 64 |
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 520.00 | $ 448.0K | 1.6K | 805 |
| NOW | CALL | WALIS | BEARISH | 01/20/23 | $ 520.00 | $ 327.6K | 1.6K | 371 |
Where Does ServiceNow Stand Now?
- At a volume of 793,333, the NOW price dropped -0.04% to $ 477.61.
- RSI indicators indicate that the underlying stock is currently neutral between overbought and oversold.
- Subsequent earnings are expected to be released within 27 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.