NOW 450 PE head and shoulders bear market

9 Haz 2022

Service NOW stock looking tired from recently rally. Service NOW has posted great earnings repeatedly, no doubt. But 450 PE ratio is outrageous considering the bear market we are heading into. First target is $450, next target is a new 52 week low under $400

9 Haz 2022

İşlem aktif

Purchased 20 July 8th $475 puts after market opened this morning.

10 Haz 2022

İşlem elle kapatılmış

Closed position in just under 24 hours for $20,200 profit on this mornings drop. Often when the market is down 850 plus points in the first 90 minutes of trading I tend to expect a bounce. Though I believe this will ultimately go much lower I don't like to be greedy.