Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow NOW revealed 42 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $690,980, and 30 were calls, valued at $1,462,756.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $700.0 to $1200.0 for ServiceNow over the recent three months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of ServiceNow stands at 171.96, with a total volume reaching 671.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $700.0 to $1200.0, throughout the last 30 days.
ServiceNow Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOW | PUT | SWEEP | BEARISH | 01/16/26 | $96.0 | $95.9 | $96.12 | $1000.00 | $144.3K | 323 | 32 |
| NOW | CALL | SWEEP | BULLISH | 01/16/26 | $61.5 | $60.3 | $61.5 | $1200.00 | $135.3K | 542 | 17 |
| NOW | CALL | TRADE | BEARISH | 09/19/25 | $105.0 | $101.6 | $102.0 | $1000.00 | $102.0K | 298 | 25 |
| NOW | CALL | SWEEP | NEUTRAL | 06/18/26 | $142.0 | $140.1 | $140.1 | $1100.00 | $98.4K | 68 | 7 |
| NOW | PUT | SWEEP | NEUTRAL | 01/16/26 | $99.2 | $93.9 | $96.36 | $1000.00 | $96.2K | 323 | 12 |
About ServiceNow
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of ServiceNow
- Currently trading with a volume of 491,356, the NOW’s price is up by 0.86%, now at $1013.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 57 days.
What The Experts Say On ServiceNow
5 market experts have recently issued ratings for this stock, with a consensus target price of $1122.0.
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* Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for ServiceNow, targeting a price of $1160.
* Showing optimism, an analyst from Truist Securities upgrades its rating to Buy with a revised price target of $1200.
* An analyst from RBC Capital persists with their Outperform rating on ServiceNow, maintaining a target price of $1100.
* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on ServiceNow with a target price of $1100.
* Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for ServiceNow, targeting a price of $1050.
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.
