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poggo_
Jan 26, 2022 6:34 AM

NOW short Short

ServiceNow, Inc.NYSE

Description

ServiceNow to report earnings today January 26th After market close. NOW is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +23.1%. Revenues are expected to be $1.6 billion, up 28.1% from the year-ago quarter. For this trade idea im looking to short a small position size for puts with an expiration of 5/20/22. Target $309.56.

Trade closed: target reached

Comments
Maddy50
@poggo_ hi whats your latest view on this stock
poggo_
@Maddy50, $497 target possibly $517
Maddy50
@poggo_, thanks much, today is the earnings call.. good to buy now or better to buy tomorrow
poggo_
@Maddy50, NOW has a tenancy of going up on earnings around $30-40 I picked up 475c 5/20. If you buy shares, hedge with weekly puts
Maddy50
@poggo_, ok sir
poggo_
JabezDolz
This was nice
poggo_
@JabezDolz, thanks fam
ShortSeller76
What strike? I'd look to add higher puts late Monday or early Tuesday. GL
ShortSeller76
You have plenty of time for these puts to pay off
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