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NOW

ServiceNow, Inc.Close $87.05EOD only
Max Pain
$95.00
Next expiry May 15, 2026
Expected Move
±$3.17
3.6% from close
Price Gap
+7.95
Distance to max pain
IV Rank
76
High premium
P/C OI
0.79
Slightly call-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: May 13, 2026 close
End-of-day snapshot

This page reflects NOW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 13, 2026 close
NOW Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

Neutral setup with positive historical beat rate but far from next earnings.

Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +1 VIX 17
Most important: Next earnings on July 22; current flow shows call buying at $105 and $85.
📈100% beat rate last 5 quarters
⚠️Spot 3.7% below max pain $94
💰Unusual $105 call vol 33x OI
💰Unusual $85 call activity

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$70.00 — Approx — based on put OI concentration of 16,313 (22.7% below spot)

Earnings Overview

Next earnings: 2026-07-22 (69 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$2.38 (2.6%)
  • 2026-05-22 (8d): ±$6.35 (7.0%)
  • 2026-05-29 (15d): ±$8.50 (9.4%)

IV Setup

Term structure: Upward sloping; 1D IV ~31%, 8D ~35%, 15D ~37% from expected moves.

Crush estimate: N/A (69 days until earnings)

Skew: Flat skew with slight put premium at far OTM strikes ($108 and $115 put IV >150%).

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Earnings moves avg +3.5% vs 2.6% expected (last 5 beats).

Directional bias: Bullish post-earnings.

Key Levels

1$70.00 gamma flip
2EM guardrails: 2d $88.12/$92.88; 1w $84.15/$96.85
3Max pain pins: $94 (2026-05-15); $90 (2026-05-22); $89 (2026-05-29)

Flow Highlights

Unusual $105 call (Nov26) vol 33x OI

Bullish long-term bet or hedge.

Unusual $75 put (Nov26) vol 9x OI

Protective put activity.

Unusual $85 call (Nov26) activity

Bullish call buying.

Strategies

Long Strangle on NOW
Buy 2026-07-17 $85.00 put + buy $100.00 call
Debit: $9.72-$11.88
Max loss: $11.88
Max gain: Unlimited
BE: 73.12 / 111.88
Trigger: Exit before earnings or adjust strikes as IV rises.
Only eligible candidate with neutral setup and upward term structure.
Outperforms: Captures large post-earnings moves with call buying at $105 and $85.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Spot $90.60 below max pain $94 (May15), pinning risk.
!Call wall $100-$120 caps upside.
!Put OI below spot (22.7%) acts as support.

What to Watch

?Max pain $94 (May15)
?Gamma flip at $70
?Unusual call activity $105 and $85 strikes
How to Use These Reports
This earnings reflects the market close on May 14, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.