📈 You can buy 100 shares of $NOW right now at approximately $9,497.

Or you can buy a LEAP call option with a strike price of $80 expiring in June 2027 for about $3,265 — with the same upside potential but requiring 66% less capital.
📌 Contract details:
⟶ Strike: $80
⟶ Expiration date: 06/17/2027
⟶ Premium: approximately $32.65 per contract
⟶ Break-even point: $112.65
If $NOW reaches:
⟶ $115 → LEAP profit about 7%
⟶ $130 → LEAP profit about 53%
⟶ $145 → LEAP profit about 99%
Meanwhile, owning 100 shares and the price rising to $145 only yields about 53% profit. LEAP nearly doubles the account.
📈 Reasons I like this setup:
• Q1 revenue hit $3.8 billion, up 22% year-over-year.
• Now Assist AI is targeting $1.5 billion annual contract value (ACV), far exceeding the internal goal of $1 billion.
• The number of AI customers spending over $1 million ACV increased over 130% YoY.
• The company raised its full-year subscription revenue forecast to $15.755 billion.
Shares fell 14% after Q1 due to geopolitical concerns → this could be an attractive oversold zone.
• 398 days until expiration, enough time to pass through multiple earnings seasons.
⚠️ Note:
• The maximum loss when buying LEAP is the entire premium paid. In this case, $3,265 per contract.
• LEAP uses leverage, so the value can decline very quickly if the stock drops or moves sideways. Only allocate capital you are willing to lose entirely.
• LEAP is just an additional tool in your portfolio. Owning shares should still be the core. This is a strategy to add positions during high conviction periods when conditions are favorable.