Short NOW

Analysts predict that ServiceNow can whether any economic conditions, but let's be realistic... NOW has one of the HIGHEST P/E ratios of any stock I follow and if it can't break above resistance which is around 562, I see this stock plummeting to under $400 real fast. I bought PUTS this morning as NOW was approaching $542. I'm comfortable if NOW reaches 562, because this stock moves in either direction very quickly.

Not financial advice