ServiceNow, Inc. (NOW) is trading down 1.15 to 29.04.? NOW is trading well off of its 52-week highs.
Today a block of 1,900 NOW Feb 22.5/25 put spreads traded for .53.? Average volume is 1,013 contracts per day in the name.? Open interest is over 2,200 contracts at the 25 strike and 800 at the 22.5 strike.? The nature of the trade is looks to be a buy or roll down of the 25 puts.? Earnings report today after the close and the name is very active with option buyers.
30-day implied volatility is 89%.?? 10-day implied volatility is 44%.? 30-day implied volatility is trading over the 10-day historical volatility.
ServiceNow, Inc. is a provider of cloud-based services to automate enterprise information technology (IT) operations. The Company?s service includes a suite of applications built on its platform that automates workflow and integrates related business processes.