Investors with a lot of money to spend have taken a bearish stance on ServiceNow NOW.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 21% bullish and 64%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $130,910, and 11 are calls, for a total amount of $1,080,381.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $1140.0 for ServiceNow over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of ServiceNow stands at 47.88, with a total volume reaching 98.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $230.0 to $1140.0, throughout the last 30 days.
ServiceNow Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | CALL | TRADE | BEARISH | 06/20/25 | $280.6 | $272.5 | $272.5 | $850.00 | $545.0K | 49 | 20 |
| NOW | CALL | TRADE | NEUTRAL | 01/17/25 | $861.7 | $848.5 | $855.58 | $230.00 | $85.5K | 12 | 2 |
| NOW | CALL | TRADE | BEARISH | 01/17/25 | $862.1 | $855.3 | $855.3 | $230.00 | $85.5K | 12 | 1 |
| NOW | CALL | TRADE | BULLISH | 02/21/25 | $399.8 | $393.8 | $397.93 | $700.00 | $79.5K | 11 | 2 |
| NOW | CALL | TRADE | BEARISH | 01/16/26 | $321.8 | $315.6 | $315.6 | $860.00 | $63.1K | 80 | 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.
ServiceNow's Current Market Status
- Trading volume stands at 86,368, with NOW's price down by -1.13%, positioned at $1078.87.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 30 days.
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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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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