Noteworthy Wednesday Option Activity: COTY, NOW, BAC

ServiceNow (NOW) and Bank of America (BAC) both experienced significantly elevated options trading volume, with NOW's options activity representing 46% of its average daily share volume and BAC's at 44%. Notably, the $950 strike call option for NOW expiring October 10, 2025, and the $52 strike call option for BAC expiring October 17, 2025, saw particularly high trading volumes, indicating focused investor interest or positioning around these specific price levels and future dates.

Analysis

ServiceNow Inc (Symbol: NOW) saw options trading volume of 6,463 contracts, representing approximately 646,300 underlying shares or approximately 46% of NOW's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $950 strike call option expiring October 10, 2025, with 655 contracts trading so far today, representing approximately 65,500 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $950 strike highlighted in orange: And Bank of America Corp (Symbol: BAC) saw options trading volume of 137,595 contracts, representing approximately 13.8 million underlying shares or approximately 44% of BAC's average daily trading volume over the past month, of 31.2 million shares. Particularly high volume was seen for the $52 strike call option expiring October 17, 2025, with 20,287 contracts trading so far today, representing approximately 2.0 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $52 strike highlighted in orange: For the various different available expirations for COTY options, NOW options, or BAC options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: LKFN shares outstanding history FDNI Options Chain Top Ten Hedge Funds Holding PXLC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ServiceNow (NOW) and Bank of America (BAC) both exhibited notably elevated options trading volumes, representing 46% and 44% of their respective average daily share volumes over the past month. This significant activity indicates heightened interest in these names within the derivatives market. Specifically, the $950 strike call option for NOW, expiring October 10, 2025, saw 655 contracts trade, while the $52 strike call option for BAC, expiring October 17, 2025, recorded 20,287 contracts. Such concentrated volume in out-of-the-money, long-dated call options often suggests either bullish positioning by institutional investors anticipating future price appreciation or strategic hedging activities. While the article maintains a neutral sentiment, the focused options activity around these specific strike prices and expiry dates provides a technical signal of investor positioning. This data point highlights areas of potential future price targets or significant event anticipation for both NOW and BAC.

Key Decisions for Investors

• Monitor subsequent options flow for ServiceNow (NOW) and Bank of America (BAC), especially around the identified $950 and $52 call strike prices, to gauge evolving market sentiment.
• Consider this concentrated call option activity as a potential indicator of institutional bullish positioning or strategic hedging, warranting further fundamental analysis of both companies.