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A whale with some huge cash to spend has taken a noticeably bearish stance on ServiceNow.
choices historical past for ServiceNow NOW we detected 25 unusual trades.
If we contemplate the specifics of every commerce, it’s correct to state that 44% of the buyers opened trades with bullish expectations and 56% with bearish.
From the general noticed trades, 14 are places, for a complete quantity of $907,462 and 11, calls, for a complete quantity of $475,250.
What’s The Value Goal?
Making an allowance for the Quantity and Open Curiosity on these contracts, it seems that whales have been concentrating on a value vary from $250.0 to $600.0 for ServiceNow during the last 3 months.
Quantity & Open Curiosity Growth
Wanting on the quantity and open curiosity is an insightful technique to conduct due diligence on a inventory.
This information may also help you observe the liquidity and curiosity for ServiceNow’s choices for a given strike value.
Beneath, we are able to observe the evolution of the quantity and open curiosity of calls and places, respectively, for all of ServiceNow’s whale exercise inside a strike value vary from $250.0 to $600.0 within the final 30 days.
ServiceNow Possibility Quantity And Open Curiosity Over Final 30 Days
Largest Choices Noticed:
| Image | PUT/CALL | Commerce Sort | Sentiment | Exp. Date | Strike Value | Whole Commerce Value | Open Curiosity | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | PUT | SWEEP | BEARISH | 01/20/23 | $380.00 | $159.1K | 484 | 61 |
| NOW | PUT | TRADE | NEUTRAL | 11/18/22 | $420.00 | $108.1K | 106 | 21 |
| NOW | PUT | SWEEP | BULLISH | 01/19/24 | $320.00 | $90.6K | 9 | 20 |
| NOW | CALL | TRADE | NEUTRAL | 01/19/24 | $500.00 | $88.0K | 175 | 30 |
| NOW | CALL | TRADE | BEARISH | 09/30/22 | $385.00 | $82.4K | 17 | 197 |
| Image | PUT/CALL | Commerce Sort | Sentiment | Exp. Date | Strike Value | Whole Commerce Value | Open Curiosity | Quantity |
|---|---|---|---|---|---|---|---|---|
| NOW | PUT | SWEEP | BEARISH | 01/20/23 | $380.00 | $159.1K | 484 | 61 |
| NOW | PUT | TRADE | NEUTRAL | 11/18/22 | $420.00 | $108.1K | 106 | 21 |
| NOW | PUT | SWEEP | BULLISH | 01/19/24 | $320.00 | $90.6K | 9 | 20 |
| NOW | CALL | TRADE | NEUTRAL | 01/19/24 | $500.00 | $88.0K | 175 | 30 |
| NOW | CALL | TRADE | BEARISH | 09/30/22 | $385.00 | $82.4K | 17 | 197 |
The place Is ServiceNow Standing Proper Now?
- With a quantity of 1,484,822, the value of NOW is down -2.58% at $377.0.
- RSI indicators trace that the underlying inventory could also be oversold.
- Subsequent earnings are anticipated to be launched in 33 days.
What The Consultants Say On ServiceNow:
- MoffettNathanson downgraded its motion to Maintain with a value goal of $553
Choices are a riskier asset in comparison with simply buying and selling the inventory, however they’ve larger revenue potential. Severe choices merchants handle this threat by educating themselves every day, scaling out and in of trades, following a couple of indicator, and following the markets carefully.
If you wish to keep up to date on the newest choices trades for ServiceNow, Benzinga Professional provides you real-time choices trades alerts.
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