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NOW

ServiceNow, Inc.Close $95.04EOD only
Max Pain
$102.00
Next expiry Jun 26, 2026
Expected Move
±$6.05
6.4% from close
Price Gap
+6.96
Distance to max pain
IV Rank
100
High premium
P/C OI
0.77
Slightly call-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Jun 18, 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 18, 2026 close
NOW Earnings Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOW earnings 7/22; 100% beat rate; heavy call buying suggests bullish expectation.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 7.0% from MP; +1 VIX 17
Most important: Watch for gamma squeeze if spot holds above $92 support; max pain $110 for 7/10 expiry.
📊5/5 beat rate; avg move historically > implied.
🔥Unusual call volume 4x OI on 6/26 $95C; front-end demand.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,483 (19.4% below spot)

Earnings Overview

Next earnings: 2026-07-22 (30 days)explicit

Expected moves:

  • 2026-06-26 (4d): ±$5.12 (5.5%)
  • 2026-07-02 (10d): ±$7.40 (8.0%)
  • 2026-07-10 (18d): ±$9.55 (10.3%)

IV Setup

Term structure: Front-end IV elevated: 4d ±5.5%, 10d ±8.0%, 18d ±10.3%; back-end flattish.

Crush estimate: ~50% IV crush post-event typical.

Skew: Call OI wall $120; put floor $60-$85; skew slightly bullish.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available but 100% beat rate suggests average move > implied.

Directional bias: Bullish based on 5/5 beats.

Key Levels

1$75.00 gamma flip
2EM guardrails: 1w $85.61/$100.41
3Max pain pins: $100 (2026-06-26); $105 (2026-07-02); $110 (2026-07-10)

Flow Highlights

Multiple call sweeps: $95C 3070 vol, $97C 1173 vol, $96C 1395 vol on 6/26 expiry.

Aggressive bullish positioning near support; OI increase indicates new longs.

Strategies

Long Call Earnings Play
Buy 2026-07-24 $100.00 call
Debit: $4.32-$5.28
Max loss: $5.28
Max gain: Unlimited
BE: $105.28
Trigger: Exit if spot breaks $92 support; consider taking profits before IV crush post-earnings.
Only eligible candidate; 100% beat rate and elevated call flow support bullish outlook.
Outperforms: Buy $100 call expiring 7/24 to capture upside from expected earnings beat and potential gamma squeeze.
Underperforms: Failure at support and IV crush weaken long-call thesis.

Risk Assessment

!Spot 7% below max pain $100 on 6/26; possible gamma pin.
!Heavy call volume may attract delta hedging; upside if spot breaks $100.
!Mixed flow (-$20.9M net premium) offsets some bullish signal.

What to Watch

?$92 support; gamma flip at $75.
?6/26 expiration: max pain $100; pin risk.
?Earnings guidance 7/22; beat rate 100% in play.
How to Use These Reports
This earnings reflects the market close on June 22, 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.