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NOW

ServiceNow, Inc.Close $102.13EOD only

Max Pain

$95.00

Next expiry May 29, 2026

Expected Move

±$6.23

6.1% from close

Price Gap

-7.13

Distance to max pain

IV Rank

High premium

P/C OI

0.76

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

NOW Flow Report

Analysis based on market close May 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +1 VIX 17

Watch next session: $105; $92

Flow Summary

Net premium: -$1.1M bearish

P/C volume ratio: 0.42

P/C OI ratio: 0.79

Positive GEX and DEX with heavy call buying in near-dated strikes suggest bullish sentiment, despite negative net premium. QQQ rally supports. Key call strikes at $100-$106. Gamma flip at $92 acts as support.

Notable Prints

NOW 2026-06-05 $106.00 Call

Vol: 5,828

OI: 355

Vol/OI: 16.4x

IV: 62.8%

Notional: ~$1.2M

Intent: Bullish

Dual read: Possible short covering

Read-through: Extreme call volume vs OI

NOW 2026-05-29 $102.00 Call

Vol: 3,808

OI: 1,255

Vol/OI: 3.0x

IV: 63.8%

Notional: ~$655K

Intent: Bullish

Read-through: High call volume

NOW 2026-05-29 $101.00 Call

Vol: 1,780

OI: 655

Vol/OI: 2.7x

IV: 62.7%

Notional: ~$379K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-05 $102.00 Call

Vol: 847

OI: 359

Vol/OI: 2.4x

IV: 61.7%

Notional: ~$281K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-18 $89.00 Put

Vol: 337

OI: 143

Vol/OI: 2.4x

IV: 58.0%

Notional: ~$58K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at $102 and $106 strikes, 5/29 and 6/5 expiries

Put additions: Moderate put activity at $97 (5/29) and $89 (6/18), low vol vs calls

GEX/DEX consistency: Consistent positive: GEX +$22.7M, DEX +37.3M, dealer long gamma

OI clusters: Largest OI: 1,255 at $102C (5/29), 898 at $97P (5/29), 753 at $105C (6/5)

Hedging evidence: No explicit hedging, high VIX (17) and positive GEX suggest light puts

Max pain context: Spot above MP (~$99-100), gamma flip $92, pinning near $101-102

Signal vs Noise

~High vol/oi ratio (>2) on $102C and $106C is signal

~Put volume at $97 (2.3x) notable but smaller absolute

~Low volume prints (<500) likely noise

Key Conclusions

📈Call flow dominant: 5/29 $102C and 6/5 $106C aggressive buying, upside bias

⚠️Spot above MP and positive GEX pinning but VIX elevated, caution on downside

How to Use These Reports

This flow reflects the market close on May 26, 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.