$NOW VERTICAL 260605 PUT 80.0/PUT 75.0$ NOW is part of the software group which is negatively punished by the market as it's perceived to be threatened by AI. Even earning results are good, it still sell off last Thursday. But it rebounded strongly today(Friday). Its positive reversal and I took it as a buy signal. Fair value is $165, hence in case I get assigned, I have over 50% margin of safety. Choose $80 for my short leg as it was the lowest price as I see horizontal support between March 2023 and April 2026.
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