Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.
Looking at options history for ServiceNow NOW we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $188,740 and 12, calls, for a total amount of $629,377.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $600.0 to $1200.0 for ServiceNow over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $600.0 to $1200.0 in the last 30 days.
ServiceNow 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | CALL | TRADE | BEARISH | 01/16/26 | $240.8 | $234.0 | $234.0 | $900.00 | $117.0K | 70 | 5 |
| NOW | PUT | TRADE | BEARISH | 02/14/25 | $47.6 | $43.3 | $46.5 | $1035.00 | $93.0K | 36 | 20 |
| NOW | CALL | SWEEP | BEARISH | 09/19/25 | $67.2 | $64.4 | $64.4 | $1200.00 | $83.7K | 14 | 13 |
| NOW | CALL | TRADE | BEARISH | 01/31/25 | $42.3 | $35.1 | $37.62 | $1035.00 | $75.2K | 8 | 43 |
| NOW | CALL | TRADE | BULLISH | 05/16/25 | $104.0 | $102.5 | $104.0 | $1010.00 | $72.8K | 20 | 7 |
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.
Where Is ServiceNow Standing Right Now?
- With a trading volume of 209,842, the price of NOW is up by 0.92%, reaching $1025.04.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 15 days from now.
What Analysts Are Saying About ServiceNow
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1202.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on ServiceNow with a target price of $1200. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for ServiceNow, targeting a price of $1200. * An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $1200. * An analyst from RBC Capital persists with their Outperform rating on ServiceNow, maintaining a target price of $1210. * Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for ServiceNow, targeting a price of $1200.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with Benzinga Pro for real-time alerts.
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