Cboe data shows mixed options sentiment in ServiceNow with shares down 3.49%
Cboe data shows mixed options sentiment in ServiceNow (NOW), with shares down $3.87 near $106.86. Options volume relatively light with 76k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.47. Implied volatility (IV30) dropped 0.18 near 73.29, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.93. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Guggenheim.Looking ahead: ServiceNow (NOW) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Cboe data shows mixed options sentiment in ServiceNow (NOW), with shares down $3.87 near $106.86.
Options volume relatively light with 76k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.47.
Implied volatility (IV30) dropped 0.18 near 73.29, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.93.
Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Guggenheim.Looking ahead: ServiceNow (NOW) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.