Seeking Alpha

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.
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Comments (3)
  • Clayton Rulli
    , contributor
    Comments (2993) | 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
  • SA Editor Eric Jhonsa
    , contributor
    Comments (993) | 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 (3) | Send Message
     
    Most likely the 65 was closed out and the 60 opened.
    22 Mar 2014, 12:15 PM Reply Like
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