ServiceNow Put Write: Collect Premium Amid AI Boom Fears
ServiceNow stock trades at 109.8. Analysts highlight strong risk-reward setup despite SaaSpocalypse fears. NOW positions well for enterprise AI adoption with integrated capabilities and high switching costs.
NTT DOCOMO and StarHub use ServiceNow CRM for autonomous roaming. Enterprises spend 15% more on software thanks to AI.
Here is the put write: SELL -1 NOW 02 Apr 26 100.0 PUT Contract @2.93 LMT
Stock price sits at 109.8, above the 100 strike. IV ranks at 50.41, delta at -0.25, theta at -0.12. Max return hits 2.93%. Win rate shows 0.0 from 1 trade.
If stock closes above 100 on April 2, keep the 2.93 premium.
If stock closes below 100, keep premium and take assignment at 100. Cost basis lands at 97.07.
Expiration falls 19 days before earnings on April 21.
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