High-rolling investors have positioned themselves bearish on ServiceNow (NYSE:NOW), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NOW often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 13 options trades for ServiceNow. This is not a typical pattern.

The sentiment among these major traders is split, with 23% bullish and 46% bearish. Among all the options we identified, there was one put, amounting to $32,200, and 12 calls, totaling $1,498,727.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $780.0 to $1140.0 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 117.7, with a total volume reaching 264.00. 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 $780.0 to $1140.0, throughout the last 30 days.

ServiceNow Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About ServiceNow

Current Position of ServiceNow

• Trading volume stands at 289,173, with NOW's price down by -0.73%, positioned at $1013.47.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 78 days.

What The Experts Say On ServiceNow

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1118.2.

Turn $1000 into $1270 in just 20 days?

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.