ServiceNow Put Write: Cash In Before AI Earnings Surge
ServiceNow stock jumps 16% in a month on AI platform growth and enterprise demand.
Analysts flag NOW as top AI buy on dips, trading 50% below highs alongside peers.
Here is the put write: SELL -1 NOW 02 Apr 26 115.0 PUT Contract @3.3 LMT
Stock trades at 124.36. Strike sits at 115.
If stock closes above 115 on April 2 expiration, keep full 3.3 premium.
If stock closes below 115, keep premium and gain 100 shares at 115. Cost basis hits 111.70.
Trade stats: Win Rate: 0.0. Number of trades: 1. IV: 51.03. Delta: -0.27. Theta: -0.16. Max Return Pct: 2.87.
Expiration falls 19 days before April 21 earnings.
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Tiblio Atlas Team
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