To The Moon

Last Friday, I told a friend I wanted to trade $Exxon Mobil(XOM)$ ,and on Monday I saw overseas news and wanted to play $Alcoa(AA)$.

Tonight I want to trade $Cboe Global Markets, Inc(CBOE)$ , $Palo Alto Networks(PANW)$ & $ServiceNow(NOW)$

1. Core Price Drivers for $Cboe Global Markets, Inc(CBOE)$

Product Innovation: The company plans to launch "All-or-Nothing" option contracts and mini S&P 500 prediction market contracts, actively entering the rapidly growing prediction market space to diversify revenue streams.

Favorable Macro Environment: Market expectations for potential further rate cuts by the Federal Reserve in 2026 could boost overall financial market activity, benefiting exchange operators.

Key Price Levels

• First Support: $253.18 (recent key support level)

• Strong Resistance: $284.08 (recent previous high; breaking above opens upside potential)

• Immediate Pivot: $273.00 (yesterday's closing price, now serving as intraday support)

Institutional Price Targets

A total of 12 institutions have issued ratings, with an average target price of $292.58. Rating distribution: 4 "Buy", 9 "Hold", and 3 "Underperform". Overall institutional sentiment is cautiously optimistic.

Bull Call Spread Strategy:

• Buy 1 contract of 2026-04-10 expiration, Strike $285 Call

• Sell 1 contract of 2026-04-10 expiration, Strike $295 Call

2. Core Price Drivers for $Palo Alto Networks(PANW)$

Panic Sentiment Recovery: Institutions like Jefferies released reports suggesting market panic over AI disrupting the cybersecurity industry is overblown. Core businesses such as identity authentication and endpoint security are actually "immune zones," and the sell-off has created a buying opportunity.

CEO Confidence Signal: CEO Nikesh Arora made a significant purchase of approximately $10 million in company stock for the first time in years, sending a strong signal of internal confidence to the market.

Sector Rotation Rebound: After panic selling, the cybersecurity sector is experiencing a technical rebound overall, with PANW leading the gains.

Key Price Levels

• Primary Support: $148.87 (yesterday's support level). This is the lower bound of the recent trading range; breaking below may lead to another bottom test.

• Strong Resistance: $165.17 (yesterday's resistance level). This is the previous dense trading area and the first important barrier for the rebound.

• Immediate Pivot: $154.35 (today's closing price). If the stock stabilizes above this level, it is expected to test resistance higher.

Trend Expectation for the Coming Week

The stock is expected to oscillate within the $148 - $165 range to digest the previous panic selling pressure and consolidate technical patterns. If it breaks above the $165 resistance with volume, the next target will be around $175. Conversely, if it breaks below the $148 support, it may retest the $140 area.

Bull Call Spread Strategy:

• Buy 1 contract of 2026-04-10 expiration, Strike $155 Call

• Sell 1 contract of 2026-04-10 expiration, Strike $165 Call

3. Core Price Drivers for $ServiceNow(NOW)$

Institutional Confidence Boost: BNP Paribas upgraded the rating to "Outperform" with a target price raised to $140, believing its subscription business growth could exceed guidance.

Sector Sentiment Recovery: Market panic over AI disrupting traditional software has eased somewhat. Institutions like JPMorgan believe the "sell first, ask later" sell-off may be nearing its end, and software stocks are experiencing a technical rebound.

Product Integration: The company launched autonomous workforce solutions and integrated Moveworks into its AI platform, demonstrating its capability to address AI challenges.

Key Price Levels

• Primary Support: $99.50 (today's low, also a recent key psychological level).

• Strong Resistance: $107.10 (upper bound of recent consolidation range; breaking above opens upside potential).

• Immediate Pivot: $104.97 (today's closing price, becoming the new focus of bullish/bearish contention).

Institutional Price Targets

42 institutions covering the stock have issued an average target price of $189.90, representing 81% potential upside from current levels. Rating distribution: 14 Strong Buy, 30 Buy, 3 Hold, and 1 Underperform, indicating strong long-term institutional optimism.

Trend Expectation for the Coming Week

The stock is expected to consolidate within the $100 - $110 range to digest recent gains.

• Upside Breakout: If it stabilizes above the $107.10 resistance, the next target is the $115 - $120 area.

• Downside Risk: If it breaks below the $99.50 support, it may retest around $95 to find support.

Strategy: Bull Put Spread

Cautiously optimistic, believing the stock will find support and oscillate upward within the $100-$110 range, with low probability of breaking below $100 support.

Option Contract Combination:

• Sell 1 contract of NOW 2026-04-10 Strike $100 Put

• Buy 1 contract of NOW 2026-04-10 Strike $95 Put