---
title: "Trending | NOW Surges 8% on Monday, Some Call options Soar 566%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286852406.md"
description: "On May 18, Eastern Time, ServiceNow options saw a total of 421269 contracts traded, with calls accounting for 83% and puts making up 16%."
datetime: "2026-05-19T04:17:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286852406.md)
  - [en](https://longbridge.com/en/news/286852406.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286852406.md)
---

# Trending | NOW Surges 8% on Monday, Some Call options Soar 566%

On May 18, Eastern Time, ServiceNow options saw a total of 421269 contracts traded, with calls accounting for 83% and puts making up 16%.

ServiceNow has 1164996 contracts outstanding, with calls accounting for 57% and puts making up 42%.

The top volume gainer was the 110 dollars Call option expiring on May 22, 2026, with 63258 contracts traded.

On the news front, Based on recent key news:

1\. May 18, Bank of America analysts relaunched coverage of ServiceNow with a bullish rating, expecting the company to benefit from AI rather than be disrupted by it. This led to a significant rally in the stock price.

2\. May 18, ServiceNow's shares rose 8.6% to $103.28 after BofA Global Research reinstated coverage with a 'buy' rating and set a price objective at $130, implying a 36.7% upside to the stock's last close.

3\. May 18, the 10-day call/put volume ratio of 7.90 at major options exchanges ranked in the 100th percentile of its annual range, indicating a high level of call buying, possibly as a hedge against short interest.AI adoption pace and IT spending backdrop.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2026-05-19/ST_US_NOW_en.png)

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- [NOW.US](https://longbridge.com/en/quote/NOW.US.md)

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