Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow NOW revealed 48 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $646,073, and 38 were calls, valued at $1,901,846.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $1080.0 for ServiceNow over the recent three months.
Insights into Volume & Open Interest
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 $410.0 to $1080.0 in the last 30 days.
ServiceNow 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | CALL | SWEEP | BEARISH | 05/31/24 | $40.4 | $39.0 | $39.0 | $740.00 | $136.5K | 20 | 37 |
| NOW | PUT | TRADE | BEARISH | 05/17/24 | $44.9 | $43.8 | $44.8 | $770.00 | $134.4K | 576 | 30 |
| NOW | PUT | TRADE | BEARISH | 08/16/24 | $52.0 | $42.0 | $48.4 | $740.00 | $121.0K | 56 | 25 |
| NOW | PUT | SWEEP | BULLISH | 06/21/24 | $12.9 | $12.3 | $12.3 | $670.00 | $119.4K | 382 | 50 |
| NOW | CALL | SWEEP | BULLISH | 06/21/24 | $10.1 | $10.0 | $10.1 | $850.00 | $101.5K | 1 | 100 |
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.
Having examined the options trading patterns of ServiceNow, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is ServiceNow Standing Right Now?
- Currently trading with a volume of 519,177, the NOW's price is down by -0.01%, now at $740.89.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 0 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.
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