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NOW

ServiceNow, Inc.Close $106.97EOD only
Max Pain
$117.00
Next expiry Jun 12, 2026
Expected Move
±$6.25
5.8% from close
Price Gap
+10.03
Distance to max pain
IV Rank
72
High premium
P/C OI
0.83
Slightly call-heavy
Consensus
4.0/10
Bullish tilt
Published snapshot: Jun 9, 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
Jun 9, 2026 close
NOW Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings July 22; IV upward; 100% beat rate but market weak.

Confidence:
4 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 7.8% from MP
Most important: Heavy call buying at $120/$110 strikes vs put hedging; spot far below max pain.
⚠️Spot far below max pain; pin unlikely early.
🟢Call volume dominance suggests bullish lean.
📉Broad sell-off adds downside risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,148 (29.3% below spot)

Earnings Overview

Next earnings: 2026-07-22 (42 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$5.20 (4.9%)
  • 2026-06-18 (8d): ±$8.65 (8.2%)
  • 2026-06-26 (16d): ±$11.60 (10.9%)

IV Setup

Term structure: Upward: 2d 4.9%, 8d 8.2%, 16d 10.9%.

Crush estimate: Post-earnings crush ~5-11%.

Skew: Put skew elevated; OTM puts rich.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Implied moves 5-11%; avg not given.

Directional bias: Bullish; 5/5 beat rate.

Key Levels

1$75.00 gamma flip
2EM guardrails: 2d $100.86/$111.26; 1w $97.41/$114.71
3Max pain pins: $115 (2026-06-12); $110 (2026-06-18); $105 (2026-06-26)

Flow Highlights

Massive $120 call (6/12): 6357 vol vs 3402 OI.

Large bullish bet on upside.

Heavy $100/$95 put (6/12): hedging activity.

Downside protection buying.

Strategies

Long Straddle
Buy 2026-08-21 $105.00 put + buy $105.00 call
Debit: $22.95-$28.05
Max loss: $28.05
Max gain: Unlimited
BE: 76.95 / 133.05
Trigger: Adjust or close before earnings.
Strong beat rate and heavy call activity suggest large move.
Outperforms: Captures volatility expansion.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Bull Call Spread
Buy 2026-08-21 $105.00/$115.00 call spread
Debit: $3.60-$4.40
Max loss: $4.40
Max gain: $5.60
BE: $109.40
Trigger: Set stop at $94.46 invalidation.
Defined risk bet on upside, spot below max pain.
Outperforms: Leveraged upside with capped risk.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Spot 7.8% below max pain $115; pinning risk.
!Market drag: SPY -1.58%, QQQ -2%, VIX 22.2.
!High IV accelerates decay if spot stalls.

What to Watch

?Earnings: Jul 22, 42 days out.
?Key levels: sup $94.46, res $115/$117.66.
?Monitor $120 call and $100 put activity.
How to Use These Reports
This earnings reflects the market close on June 10, 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.