Unpacking the Latest Options Trading Trends in ServiceNow
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish trend towards ServiceNow (NYSE:NOW) with significant options trading activity. The majority of these trades are puts, indicating a bearish sentiment. The stock is currently trading at $864.13, with a consensus target price of $900.0.
September 11, 2024 | 5:31 pm
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ServiceNow is experiencing significant bearish options trading activity, with 60% of trades being puts. This suggests a potential downward pressure on the stock price in the short term. The stock is currently trading at $864.13, with a target price of $900.0.
The significant bearish options activity, with 60% of trades being puts, indicates that investors expect the stock price to decline. The current trading price is $864.13, below the target price of $900.0, suggesting potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100