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Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow (NYSE:NOW) revealed 21 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $320,442, and 13 were calls, valued at $559,904.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $1140.0 for ServiceNow over the last 3 months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ServiceNow's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ServiceNow's substantial trades, within a strike price spectrum from $400.0 to $1140.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | CALL | SWEEP | BULLISH | 08/02/24 | $10.1 | $5.2 | $10.0 | $825.00 | $100.0K | 82 | 0 |
| NOW | CALL | TRADE | BULLISH | 01/16/26 | $168.0 | $158.0 | $168.0 | $730.00 | $67.2K | 31 | 0 |
| NOW | PUT | TRADE | BEARISH | 08/16/24 | $39.0 | $36.4 | $39.0 | $770.00 | $58.5K | 133 | 0 |
| NOW | PUT | SWEEP | BEARISH | 08/16/24 | $40.1 | $39.3 | $40.1 | $760.00 | $52.1K | 81 | 2 |
| NOW | CALL | TRADE | BULLISH | 01/16/26 | $102.0 | $97.8 | $101.1 | $880.00 | $50.5K | 80 | 0 |
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.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $836.0.
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.
Posted In: NOW
