ServiceNow Trade Setup
Summary
The host analyzes ServiceNow, which has dropped nearly 7% despite broader market highs, to demonstrate a specific options strategy. They propose selling three 100-strike puts while buying a 110-100 put spread to lower the break-even point to under $95. To manage high buying power requirements, the host suggests adding long 70 or 75 puts, reducing capital needs while maintaining an 86% probability of success.
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