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ServiceNow call volume above normal and directionally bullish

Bullish option flow detected in ServiceNow with 6,224 calls trading, 4x expected, and implied vol increasing over 1 point to 30.31%. Aug-23 580 calls and 8/25 weekly 580 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.10. Earnings are expected on October 25th.

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