About this episode

The episode discusses a trade setup for ServiceNow, highlighting its divergence from the market and detailing a specific options strategy.

ServiceNow is down almost while the market sits at all-time highs. That kind of divergence is exactly what options traders look for. The trade: buy one 110 put, sell three 100 puts for a net credit of $190. That structure gives you a break-even near $95, right where the stock was trading just a few weeks ago. Probability of profit sits at 86% and theta decay runs at $10 a day. The only catch is buying power this one uses about $7,600. But buying a 75 put as a wing brings that down under $3,000 with almost no impact on the credit or the probability.

People in this episode

Host: tastylive

Topics covered

• options trading
• ServiceNow
• market analysis
• put options
• trading strategy

Keywords

• ServiceNow
• options trading
• put options
• trading strategy
• market divergence
• probability of profit
• theta decay

Mentioned in this episode

Organizations: ServiceNow

Places: all-time highs

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