Spotlight on ServiceNow: Analyzing the Surge in Options Activity – ServiceNow (NYSE:NOW)

Monetary giants have made a conspicuous bullish transfer on ServiceNow. Our evaluation of choices historical past for ServiceNow NOW revealed 38 uncommon trades.

Delving into the small print, we discovered 39% of merchants have been bullish, whereas 28% confirmed bearish tendencies. Out of all of the trades we noticed, 8 have been places, with a price of $394,047, and 30 have been calls, valued at $2,480,134.

Anticipated Value Actions

After evaluating the buying and selling volumes and Open Curiosity, it is evident that the key market movers are specializing in a worth band between $520.0 and $1000.0 for ServiceNow, spanning the final three months.

Insights into Quantity & Open Curiosity

In at present’s buying and selling context, the typical open curiosity for choices of ServiceNow stands at 150.58, with a complete quantity reaching 1,748.00. The accompanying chart delineates the development of each name and put possibility quantity and open curiosity for high-value trades in ServiceNow, located throughout the strike worth hall from $520.0 to $1000.0, all through the final 30 days.

ServiceNow Choice Exercise Evaluation: Final 30 Days

Largest Choices Trades Noticed:

Image
PUT/CALL
Commerce Kind
Sentiment
Exp. Date
Ask
Bid
Value
Strike Value
Complete Commerce Value
Open Curiosity
Quantity

NOW
CALL
TRADE
BEARISH
01/16/26
$193.0
$184.1
$187.25
$860.00
$936.2K
25
50

NOW
CALL
SWEEP
BULLISH
01/17/25
$33.8
$30.6
$32.0
$1000.00
$153.6K
289
50

NOW
CALL
TRADE
BEARISH
12/20/24
$37.8
$37.0
$37.0
$950.00
$148.0K
127
40

NOW
PUT
SWEEP
BULLISH
10/25/24
$22.7
$21.0
$21.4
$890.00
$102.7K
78
68

NOW
PUT
SWEEP
NEUTRAL
10/25/24
$27.0
$25.5
$27.0
$910.00
$91.8K
79
43

About ServiceNow

ServiceNow Inc offers software program options to construction and automate varied enterprise processes by way of a SaaS supply mannequin. The corporate primarily focuses on the IT operate for enterprise clients. ServiceNow started with IT service administration, expanded throughout the IT operate, and extra just lately directed its workflow automation logic to purposeful areas past IT, notably customer support, HR service supply, and safety operations. ServiceNow additionally gives an utility improvement platform as a service.

In mild of the current choices historical past for ServiceNow, it is now applicable to give attention to the corporate itself. We purpose to discover its present efficiency.

The place Is ServiceNow Standing Proper Now?

Buying and selling quantity stands at 738,362, with NOW’s worth down by -1.48%, positioned at $904.41.
RSI indicators present the inventory to be could also be approaching overbought.
Earnings announcement anticipated in 0 days.

Skilled Analyst Rankings for ServiceNow

5 market consultants have just lately issued rankings for this inventory, with a consensus goal worth of $987.0.

Flip $1000 into $1270 in simply 20 days?

20-year professional choices dealer reveals his one-line chart method that reveals when to purchase and promote. Copy his trades, which have had averaged a 27% revenue each 20 days. Click on right here for entry.
* An analyst from Morgan Stanley has revised its score downward to Equal-Weight, adjusting the worth goal to $960.
* An analyst from Wells Fargo has determined to take care of their Chubby score on ServiceNow, which at present sits at a worth goal of $1025.
* An analyst from Evercore ISI Group has determined to take care of their Outperform score on ServiceNow, which at present sits at a worth goal of $950.
* Sustaining their stance, an analyst from Mizuho continues to carry a Outperform score for ServiceNow, concentrating on a worth of $980.
* An analyst from Oppenheimer has determined to take care of their Outperform score on ServiceNow, which at present sits at a worth goal of $1020.

Choices buying and selling presents larger dangers and potential rewards. Astute merchants handle these dangers by regularly educating themselves, adapting their methods, monitoring a number of indicators, and maintaining an in depth eye on market actions. Keep knowledgeable concerning the newest ServiceNow choices trades with real-time alerts from Benzinga Professional.