ServiceNow Shares Rise $2.44, Mixed Options Sentiment
Mixed options sentiment in ServiceNow (NOW), with shares up $2.44, or 2.42%, near $103.17. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 2.74. Implied volatility (IV30) dropped 1.08 near 52.47, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.41. Put-call skew flattened, suggesting a modestly bullish tone.
