goledger

NOW - good candidate for a vertical call spread

Long
NYSE:NOW   ServiceNow, Inc.
Note the high volume shelf at $513 and lesser one at $528

Looks like a good candidate for a Vertical Call Spread around the Feb Fib Retracement 50% line (bracket $553 with a $30 or $50 spread; 530/580 for example)

Continued weakness in NDX over the next 10 trading days may offer chance for "legging into" a spread. (Buying the lower side first, then selling the top side of the spread on a bounce or rally)

Suggest moving out on the calendar (August perhaps).

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