Looking At ServiceNow's Recent Unusual Options Activity
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 20 uncommon options trades, with 80% being bearish and 20% bullish. The targeted price range for ServiceNow over the last 3 months is $200 to $670.
June 21, 2023 | 5:18 pm
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ServiceNow (NYSE:NOW) experiences unusual options activity, with a large investor taking a bearish stance. 80% of the trades are bearish, while 20% are bullish. The targeted price range is $200 to $670.
The unusual options activity, with a majority of 80% bearish trades, indicates that a large investor is expecting a decline in ServiceNow's stock price. This could lead to a short-term negative impact on the stock price, as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100