Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow NOW revealed 21 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $291,605, and 16 were calls, valued at $1,797,618.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $1030.0 for ServiceNow over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of ServiceNow stands at 102.29, with a total volume reaching 599.00. 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 $350.0 to $1030.0, throughout the last 30 days.
ServiceNow 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | CALL | TRADE | BULLISH | 12/20/24 | $607.1 | $595.3 | $603.65 | $350.00 | $241.4K | 4 | 6 |
| NOW | CALL | TRADE | BULLISH | 12/20/24 | $577.9 | $569.5 | $575.13 | $380.00 | $230.0K | 0 | 4 |
| NOW | CALL | TRADE | NEUTRAL | 12/20/24 | $560.8 | $549.7 | $555.01 | $400.00 | $222.0K | 0 | 4 |
| NOW | CALL | TRADE | BULLISH | 12/20/24 | $548.9 | $538.9 | $546.07 | $410.00 | $218.4K | 0 | 4 |
| NOW | CALL | TRADE | BEARISH | 12/20/24 | $542.2 | $529.9 | $534.41 | $420.00 | $213.7K | 0 | 4 |
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.
Current Position of ServiceNow
- Currently trading with a volume of 344,302, the NOW's price is up by 1.04%, now at $953.21.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 79 days.
Expert Opinions on ServiceNow
In the last month, 5 experts released ratings on this stock with an average target price of $984.0.
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