Quantchabot has detected a new Bear Call Spread trade opportunity for SERVICENOW (NOW) for the 23-Jan-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NOW was recently trading at $782.14 and has an implied volatility of 35.54% for this period. Based on an analysis of the options available for NOW expiring on 23-Jan-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $698.47-$785.42 at expiration. In this scenario, the average linear return for the trade would be 42.12%.
Big -9.58% Change: After closing the last trading session at $865.06, SERVICENOW opened today at $798.00 and has reached a low of $777.70.
Trade approach: A movement as big as -9.58% is a significantly bearish indicator, so this trade is designed to be profitable if NOW maintains its current direction and does not revert back to pricing on the bullish side of $782.14 on 23-Jan-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if SERVICENOW closes at or below $785.70 on 23-Jan-2026. Based on our risk-neutral analysis, there is a 50.13% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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