$ServiceNow(NOW)$ Risky trade

Risky trade - Sell 1200C - 6.84% OTM @ 3.3. For big accounts only. Puts are too expensive. Expecting a pull back next week before going higher for new year.

Key points to note

Stock has high institutional holding and low insider holding. Stock is at 100% premium compared to its peers.

In the past year, the stock had a similar or greater gain two times at the close.

Stock advanced 63% in the past 52 weeks, compared with a 33% increase for the company's Bloomberg peers.

The shares were up 5% in the past 5 days and rose 16% in the past 30 days.

ServiceNow trades at 80.8 times its estimated earnings per share for the coming year.

Short interest was equal to 2.8 days of average trading volume. In the previous two years, the short-interest ratio ranged from 1.4 days to four days. Shares sold short amount to 1.6% of float.

💰 Stocks to watch today?(18 Dec)

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Comments

SteveWatson
12-05
SteveWatson
Sounds intriguing, but those high valuations could lead to a sharp pullback if the market turns.
- groot_trades:
  that's right my friend. Hence Sell the call if you afford it 😅. Due to high institutional holding and expensive put premium i don't want to 😅
Chesterton
12-05
Chesterton
Lol indeed for big accounts only

Leave a comment

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[{"img":"https://community-static.tradeup.com/news/42af70c245b651465a0fe8e3e948765f","width":"1080","height":"702"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/42af70c245b651465a0fe8e3e948765f","width":"1080","height":"702"}],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/NOW\">$ServiceNow(NOW)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;\nRisky trade - Sell 1200C - 6.84% OTM @ 3.3. For big accounts only. Puts are too expensive. Expecting a pull back next week before going higher for new year.\n \nKey points to note&nbsp;\nStock has high institutional holding and low insider holding. Stock is at 100% premium compared to its peers.\nIn the past year, the stock had a similar or greater gain two times at the close.\nStock advanced 63% in the past 52 weeks, compared with a 33% increase for the company's Bloomberg peers.\nThe shares were up 5% in the past 5 days and rose 16% in the past 30 days.\nServiceNow trades at 80.8 times its estimated earnings per share for the coming year.\nShort interest was equal to 2.8 days of average trading volume. In the previous two years, the short-interest ratio ranged from 1.4 days to four days. Shares sold short amount to 1.6% of float.\n \n <img src=\"https://community-static.tradeup.com/news/42af70c245b651465a0fe8e3e948765f\" tg-width=\"1080\" tg-height=\"702\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/NOW\">$ServiceNow(NOW)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;\nRisky trade - Sell 1200C - 6.84% OTM @ 3.3. For big accounts only. Puts are too expensive. Expecting a pull back next week before going higher for new year.\n \nKey points to note&nbsp;\nStock has high institutional holding and low insider holding. Stock is at 100% premium compared to its peers.\nIn the past year, the stock had a similar or greater gain two times at the close.\nStock advanced 63% in the past 52 weeks, compared with a 33% increase for the company's Bloomberg peers.\nThe shares were up 5% in the past 5 days and rose 16% in the past 30 days.\nServiceNow trades at 80.8 times its estimated earnings per share for the coming year.\nShort interest was equal to 2.8 days of average trading volume. In the previous two years, the short-interest ratio ranged from 1.4 days to four days. Shares sold short amount to 1.6% of float.\n \n <img src=\"https://community-static.tradeup.com/news/42af70c245b651465a0fe8e3e948765f\" tg-width=\"1080\" tg-height=\"702\"></body></html>","text":"$ServiceNow(NOW)$ Risky trade - Sell 1200C - 6.84% OTM @ 3.3. For big accounts only. Puts are too expensive. Expecting a pull back next week before going higher for new year. Key points to note Stock has high institutional holding and low insider holding. Stock is at 100% premium compared to its peers. In the past year, the stock had a similar or greater gain two times at the close. Stock advanced 63% in the past 52 weeks, compared with a 33% increase for the company's Bloomberg peers. The shares were up 5% in the past 5 days and rose 16% in the past 30 days. ServiceNow trades at 80.8 times its estimated earnings per share for the coming year. Short interest was equal to 2.8 days of average trading volume. In the previous two years, the short-interest ratio ranged from 1.4 days to four days. 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Hence Sell the call if you afford it 😅. Due to high institutional holding and expensive put premium i don't want to 😅","text":"that's right my friend. Hence Sell the call if you afford it 😅. Due to high institutional holding and expensive put premium i don't want to 😅","html":"that's right my friend. Hence Sell the call if you afford it 😅. Due to high institutional holding and expensive put premium i don't want to 😅"}],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0},{"id":378385241751952,"commentId":"378385241751952","gmtCreate":1733388458680,"gmtModify":1733388463648,"authorId":10000000000010974,"author":{"id":10000000000010974,"idStr":"10000000000010974","authorId":10000000000010974,"name":"Chesterton","avatar":"https://static.tigerbbs.com/43a0aed7518f515997f95ed495391d65","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":378236366389608,"objectIdStr":"378236366389608","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Lol indeed for big accounts only ","text":"Lol indeed for big accounts only ","html":"Lol indeed for big accounts only ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/378236366389608"}