ServiceNow Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ServiceNow (NYSE:NOW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 21 uncommon options trades, with 76% being bearish and 23% bullish. Whales have been targeting a price range of $460 to $600 for ServiceNow over the last 3 months.
June 05, 2023 | 8:47 pm
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ServiceNow (NYSE:NOW) experiences unusual options activity, with a large investor taking a bearish stance. 76% of the trades are bearish, while 23% are bullish, targeting a price range of $460 to $600.
The unusual options activity indicates that a large investor is taking a bearish stance on ServiceNow, which could potentially impact the stock price in the short term. With 76% of the trades being bearish and only 23% being bullish, this suggests that there is a higher probability of the stock price going down. Additionally, the targeted price range of $460 to $600 provides further insight into the investor's expectations for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100