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NOW

ServiceNow, Inc.Close $112.45EOD only

Max Pain

$119.00

Next expiry Jun 12, 2026

Expected Move

±$8.60

7.7% from close

Price Gap

+6.55

Distance to max pain

IV Rank

100

High premium

P/C OI

0.85

Slightly call-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 5, 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 5, 2026 close

NOW Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +0.5 VIX 19

Watch next session: 115; 120

Flow Summary

Net premium: -$3.6M bearish

P/C volume ratio: 0.61

P/C OI ratio: 0.86

Dominant call flow and positive dealer gamma support pinning near $120; net premium negative from put selling offsets; high vol regime and spot below max pain advise caution. Bias bullish with confirmation above $115.

Notable Prints

NOW 2026-06-18 $178.00 Put

Vol: 1,018

OI: 185

Vol/OI: 5.5x

IV: 125.8%

Notional: ~$7.1M

Intent: Hedge

Read-through: Protection

NOW 2026-06-12 $115.00 Call

Vol: 2,463

OI: 637

Vol/OI: 3.9x

IV: 69.0%

Notional: ~$805K

Intent: Bullish

Read-through: Upside

NOW 2026-06-12 $122.00 Call

Vol: 962

OI: 266

Vol/OI: 3.6x

IV: 70.1%

Notional: ~$115K

Intent: Bullish

Read-through: Upside

NOW 2026-07-10 $115.00 Call

Vol: 373

OI: 132

Vol/OI: 2.8x

IV: 65.9%

Notional: ~$328K

Intent: Bullish

Read-through: Long-term

NOW 2026-06-12 $117.00 Call

Vol: 1,177

OI: 496

Vol/OI: 2.4x

IV: 68.8%

Notional: ~$288K

Intent: Bullish

Read-through: Upside

Institutional Positioning

Call additions: Calls at $115-122 Jun12 & $115 Jul10 added.

Put additions: Large put $178 Jun18 (far OTM, likely tail hedge).

GEX/DEX consistency: GEX+$15.6M, DEX+43.2M shares; net premium negative, flow mixed.

OI clusters: Put OI 13,077 below $92; call OI building $115-122.

Hedging evidence: Put $178 tail hedge; VIX 18.9 elevated.

Max pain context: Spot below MP (~$120); GEX positive may pin upward.

Signal vs Noise

~Aggressive call buying $115-120 Jun12 is bullish signal.

~Far OTM put $178 is likely noise as tail hedge.

Key Conclusions

🚀Call flow at $115-122 Jun12 bullish despite net negative premium.

🛡️Put $178 tail hedge and VIX 18.9 warrant caution.

How to Use These Reports

This flow reflects the market close on June 8, 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.