Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.

Looking at options history for ServiceNow (NYSE:NOW) we detected 56 trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 25 are puts, for a total amount of $1,473,153 and 31, calls, for a total amount of $2,469,435.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $1040.0 for ServiceNow over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for ServiceNow's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale trades within a strike price range from $300.0 to $1040.0 in the last 30 days.

ServiceNow Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About ServiceNow

Current Position of ServiceNow

• Trading volume stands at 1,536,830, with NOW's price down by -2.39%, positioned at $713.91.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 5 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for ServiceNow, Benzinga Pro gives you real-time options trades alerts.