ServiceNow Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has seen unusual options activity, with a significant bearish stance taken by a 'whale' investor. Of the 12 strange trades detected, 41% were bullish and 58% bearish. The total amount for puts was $558,116 and for calls, $171,909. Whales have been targeting a price range from $380.0 to $800.0 for ServiceNow over the last 3 months. The current price of NOW is up 0.15% at $555.85. Major financial institutions have maintained their positive ratings on ServiceNow, with price targets ranging from $620 to $657.

August 11, 2023 | 4:00 pm
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ServiceNow has seen unusual options activity with a bearish stance. The price targets range from $380 to $800. The current price is $555.85.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially impact the stock price of ServiceNow. However, the current price is up and major financial institutions have maintained their positive ratings on the company, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100