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NOW

ServiceNow, Inc.Close $117.90EOD only

Max Pain

$115.00

Next expiry Jun 5, 2026

Expected Move

±$5.65

4.8% from close

Price Gap

-2.90

Distance to max pain

IV Rank

High premium

P/C OI

0.85

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 3, 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 3, 2026 close

NOW Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +1 GEX/flow weakly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +1 VIX 15

Watch next session: Monitor 125C activity and any shift in put/call ratio.

Flow Summary

Net premium: +$998K bullish

P/C volume ratio: 0.34

P/C OI ratio: 0.86

NOW sees aggressive call buying, especially at 125 and 124 strikes for weekly expiry, with low put volume and positive dealer gamma. High VIX and above-MP spot reinforce bullish flow. Regime supports bullish bias unless spot drops below 92.

Notable Prints

NOW 2026-06-12 $117.00 Put

Vol: 1,055

OI: 114

Vol/OI: 9.2x

IV: 60.5%

Notional: ~$369K

Intent: Bearish speculation or hedge against long stock

Dual read: Could be a protective put for positions held

Read-through: Bearish sentiment

NOW 2026-06-05 $123.00 Call

Vol: 5,378

OI: 630

Vol/OI: 8.5x

IV: 58.2%

Notional: ~$403K

Intent: Aggressive bullish bet on near-term price increase

Read-through: Bullish

NOW 2026-06-05 $119.00 Call

Vol: 1,239

OI: 191

Vol/OI: 6.5x

IV: 56.5%

Notional: ~$269K

Intent: Bullish speculation on upside

Dual read: May be part of a call spread

Read-through: Bullish

NOW 2026-06-18 $178.00 Put

Vol: 1,018

OI: 185

Vol/OI: 5.5x

IV: 99.4%

Notional: ~$7.1M

Intent: Bearish hedge against downside risk

Dual read: Could be a protective put for long positions

Read-through: Bearish

NOW 2026-06-12 $88.00 Put

Vol: 695

OI: 140

Vol/OI: 5.0x

IV: 84.4%

Notional: ~$3K

Intent: Speculative bearish bet on large drop

Dual read: Lottery ticket or part of wider spread

Read-through: Bearish

Institutional Positioning

Call additions: Heavy call buying at $125C (13,935 vol) and $123-124C for weekly; also July $120C.

Put additions: Notable put buying at $117P (1,055 vol) and $178P (1,018 vol), plus $88P and $120P.

GEX/DEX consistency: Yes, positive GEX ($23.5M) and DEX (+46M shares) align with bullish flow.

OI clusters: Call OI concentrated at $125 (4,892) and $124 (1,365); put OI heavy below $100 (13,046).

Hedging evidence: Large $117P and $178P prints suggest hedging, likely protective puts.

Max pain context: Spot ~$122.17, 3.8% above MP; MM pinning expected near $120-122.

Signal vs Noise

~Heavy $125C volume is real call accumulation; noise from low OTM $88P.

~Put buying at $117P (vol/OI 9.2) signals hedging, not directional bearish.

~Consistent GEX/DEX positive supports bullish bias.

Key Conclusions

🟢Bullish call flow at $125C signals institutional accumulation.

🟡Put hedging at $117P and $178P indicates downside protection.

How to Use These Reports

This flow reflects the market close on June 4, 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.