NOW News & Events

Notable gainers among liquid option names this morning include Dell Technologies (DELL) $425.70 +108.65, NetApp (NTAP) $188.32 +45.92, Super Micro (SMCI) $47.90 +6.60, Hewlett Packard Enterprise (HPE) $42.95 +4.74, and ServiceNow (NOW) $119.39 +10.66.

Mixed options sentiment in ServiceNow (NOW), with shares up $2.59, or 2.6%, near $102.28. Options volume roughly in line with average with 150k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.43. Implied volatility (IV30) dropped 1.48 near 56.78,in the top quartile of the past year, suggesting an expected daily move of $3.66. Put-call skew steepened, indicating increased demand for downside protection.

Mixed options sentiment in ServiceNow (NOW), with shares down $3.62 near $99.67. Options volume roughly in line with average with 201k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.44. Implied volatility (IV30) dropped 4.25 near 58.26,in the top quartile of the past year, suggesting an expected daily move of $3.66. Put-call skew steepened, indicating increased demand for downside protection.