# ServiceNow Trade Setup

Page: https://stenobird.com/podcast/option-trades-today-3580021/servicenow-trade-setup
Text version: https://stenobird.com/podcast/option-trades-today-3580021/servicenow-trade-setup.md
Podcast: [Option Trades Today](https://stenobird.com/podcast/option-trades-today-3580021)
Published: 2026-06-03T12:29:00+00:00
Episode link: https://optiontradestoday.libsyn.com/servicenow-trade-setup
Audio file: https://traffic.libsyn.com/secure/optiontradestoday/TT1965_OTT_260602_1.mp3?dest-id=2645120
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JSON: https://stenobird.com/v1/public/podcasts/option-trades-today-3580021/episodes/servicenow-trade-setup
Duration seconds: 214

## Resource

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.

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## Transcript

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