Looking At ServiceNow's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on ServiceNow (NYSE:NOW) has been spotted, with 12 uncommon options trades identified. The overall sentiment of these big-money traders is 33% bullish and 66% bearish. Whales have been targeting a price range of $460 to $580 for ServiceNow over the last 3 months.
May 19, 2023 | 3:14 pm
News sentiment analysis
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A large bearish position has been spotted on ServiceNow (NYSE:NOW), with 66% of big-money traders being bearish. Whales have targeted a price range of $460 to $580 for the stock over the last 3 months.
The large bearish position on ServiceNow indicates that big-money traders expect the stock price to decline in the short term. With 66% of these traders being bearish, it is likely that the stock price will be negatively impacted. The targeted price range of $460 to $580 over the last 3 months also suggests that there is potential for the stock price to move within this range.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100