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 large position indicating a bullish stance. The activity includes 14 uncommon options trades, split 50% bullish and 50% bearish. The trades include 10 puts totaling $726,263 and 4 calls totaling $247,500. Whales have been targeting a price range from $400.0 to $740.0 for ServiceNow over the last 3 months. Several financial institutions have maintained positive ratings on ServiceNow, with price targets ranging from $630 to $665.
August 18, 2023 | 4:01 pm
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ServiceNow has seen unusual options activity, with a large position indicating a bullish stance. The activity includes 14 uncommon trades, split 50% bullish and 50% bearish. Several financial institutions have maintained positive ratings on ServiceNow, with price targets ranging from $630 to $665.
The unusual options activity, particularly the large bullish position, indicates that there may be significant movement in the price of ServiceNow's stock in the near future. The positive ratings and price targets from several financial institutions further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100