What Whales Are Doing In Service Today

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 25 strange trades.

If we consider the details of each trade, it is accurate to say that 52% of investors opened trades with bullish expectations and 48% with bearish.

Of the overall spotted trades, 18 were placed, for a total value of $ 933,095 and 7, calls, for a total value of $ 266,392.

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 $ 470.0 to $ 570.0 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 can observe the evolution of volume and open interest calls and placements, respectively, for all ServiceNow whale trades within the strike price range from $ 470.0 to $ 570.0 over the past 30 days.

ServiceNow Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Seen:

Symbol PUT/CALL Type of Trade Sentiment Exp. Date Strike Price Total Trading Price Open Interest Quantity
NOW PUT WALIS BULLISH 03/11/22 $ 530.00 $ 228.7K 228 205
NOW PUT TRADE BULLISH 04/14/22 $ 550.00 $ 88.9K 84 17
NOW PUT WALIS BULLISH 06/17/22 $ 470.00 $ 72.8K 438 22
NOW PUT WALIS BULLISH 06/17/22 $ 520.00 $ 58.0K 827 0
NOW CALL TRADE NEUTRAL 08/19/22 $ 550.00 $ 50.9K 18 0

Where Does ServiceNow Stand Now?

  • At a volume of 740,620, the NOW price rose 2.55% to $ 532.87.
  • RSI indicators indicate that the underlying stock is currently neutral between overbought and oversold.
  • Subsequent earnings are expected to be released within 50 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 the markets closely.

If you are already an options trader or want to get started, head to Benzinga Pro. Benzinga Pro provides you with up-to-date news and analytics to empower your investment and trading strategy.

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