Financial giants have made a conspicuous bearish move on ServiceNow. Our analysis of options history for ServiceNow NOW revealed 21 unusual trades.
Delving into the details, we found 14% of traders were bullish, while 85% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $123,080, and 18 were calls, valued at $1,200,248.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $560.0 to $810.0 for ServiceNow over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ServiceNow's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ServiceNow's significant trades, within a strike price range of $560.0 to $810.0, over the past month.
ServiceNow Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NOW | CALL | TRADE | BEARISH | 08/16/24 | $610.00 | $98.0K | 0 | 5 |
| NOW | CALL | TRADE | BEARISH | 06/21/24 | $610.00 | $92.4K | 155 | 5 |
| NOW | CALL | TRADE | BEARISH | 06/21/24 | $610.00 | $92.3K | 155 | 5 |
| NOW | CALL | TRADE | BULLISH | 07/19/24 | $640.00 | $82.0K | 4 | 5 |
| NOW | CALL | TRADE | BEARISH | 08/16/24 | $660.00 | $78.0K | 5 | 0 |
About ServiceNow
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of ServiceNow
- Currently trading with a volume of 165,708, the NOW's price is down by -0.05%, now at $776.53.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 41 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ServiceNow options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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