ServiceNow falls amid large bearish options bet

optionMONSTER observes a trader bought 4K ServiceNow (NOW -4.9%) April 60 puts this morning at a price of $1.50, and sold 4K March 65 puts at a price of $0.90. ServiceNow's daily average options volume is just 1,184.

Shares are at their lowest levels since March 6. They're still up over 70% over the last 12 months.

From other sites
Comments (3)
  • Clayton Rulli
    , contributor
    Comments (3409) | Send Message
    HMM bought 60 strikes for 1.50 and sold 65 for .90. Thats a great deal! cough cough :-)
    21 Mar 2014, 01:58 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
    The 65 puts expire today. The 60 puts expire in a month.
    21 Mar 2014, 02:00 PM Reply Like
  • Johnny Too Bad
    , contributor
    Comments (5) | Send Message
    Most likely the 65 was closed out and the 60 opened.
    22 Mar 2014, 12:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs