ServiceNow Unusual Options Activity

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A whale with a lot of money to spend has taken a noticeably bullish stance on ServiceNow.

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Looking at options history for ServiceNow (NYSE:NOW) we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $172,380 and 9, calls, for a total amount of $547,371.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $440.0 for ServiceNow over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for ServiceNow’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow’s whale activity within a strike price range from $360.0 to $440.0 in the last 30 days.

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ServiceNow Option Volume And Open Interest Over Last 30 Days

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Options Call Chart

Biggest Options Spotted:


Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NOW CALL SWEEP BEARISH 01/20/23 $400.00 $170.5K 1.2K 299
NOW CALL SWEEP BEARISH 01/20/23 $400.00 $77.0K 1.2K 560
NOW CALL SWEEP BULLISH 01/20/23 $400.00 $73.0K 1.2K 434
NOW PUT SWEEP BEARISH 01/13/23 $440.00 $66.6K 0 111
NOW PUT SWEEP BULLISH 01/13/23 $440.00 $58.8K 0 72

Where Is ServiceNow Standing Right Now?

With a volume of 1,297,507, the price of NOW is up 5.31% at $386.0. RSI indicators hint that the underlying stock is currently neutral between overbought and oversold. Next earnings are expected to be released in 16 days.

What The Experts Say On ServiceNow:

Morgan Stanley has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $612. Piper Sandler has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $500. Truist Securities downgraded its action to Hold with a price target of $420

Options are a riskier asset compared to just trading the stock, 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 want to stay updated on the latest options trades for ServiceNow, Benzinga Pro gives you real-time options trades alerts.

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