Pre-earnings options volume in ServiceNow (NOW) is 1.8x normal with puts leading calls 10:9. Implied volatility suggests the market is anticipating a move near 5.9%, or $53.12, after results are released. Median move over the past eight quarters is 3.6%.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- Notable companies reporting after market close
- ServiceNow price target raised to $900 from $780 at Truist
- Boeing machinists announce proposal to end strike: Morning Buzz
- ServiceNow price target raised to $1,000 from $900 at TD Cowen
- Options Volatility and Implied Earnings Moves This Week, October 21 – October 25, 2024