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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

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 Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 8.6% from MP; +0.5 VIX 20

Watch next session: NOW 2026-06-12 $107.00 Call; NOW 2026-06-12 $100.00 Put

Flow Summary

Net premium: -$42.7M bearish

P/C volume ratio: 0.66

P/C OI ratio: 0.83

Call volume 12k vs put 2k, OI +5k calls; GEX +$15M. Spot $73 below MP $75, but call dominance and positive GEX support bullish bias.

Notable Prints

NOW 2026-06-12 $107.00 Call

Vol: 2,748

OI: 156

Vol/OI: 17.6x

IV: 69.7%

Notional: ~$844K

Intent: Bullish speculation

Read-through: Target $107+

NOW 2026-06-12 $108.00 Call

Vol: 1,044

OI: 100

Vol/OI: 10.4x

IV: 70.5%

Notional: ~$271K

Intent: Bullish opening

Read-through: Target $108+

NOW 2026-06-26 $101.00 Put

Vol: 769

OI: 114

Vol/OI: 6.8x

IV: 64.2%

Notional: ~$277K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-12 $103.00 Put

Vol: 2,665

OI: 433

Vol/OI: 6.2x

IV: 71.1%

Notional: ~$421K

Intent: Bearish hedging

Read-through: Expects drop below $103

NOW 2026-06-18 $178.00 Put

Vol: 1,018

OI: 185

Vol/OI: 5.5x

IV: 222.8%

Notional: ~$7.1M

Intent: Tail risk hedge

Dual read: May be long put

Read-through: Deeply bearish view

Institutional Positioning

Call additions: Aggressive call buying at 106-108 strikes for 6/12 expiry

Put additions: Puts added at 100, 101, 103, 105 strikes for 6/12 and 6/26

GEX/DEX consistency: GEX positive ($7.4M) and DEX long (+42M shares) align, consistent with pinning

OI clusters: Largest OI near 105 puts (9,971) and 100 puts (6,996) for 6/12

Hedging evidence: Tail put bought at 178 strike (222% IV) suggests downside hedge

Max pain context: Spot below MP ($105) implies upward pinning to MP by expiration

Signal vs Noise

~High vol/oi on 6/12 107c, 108c, 100p, 105p - real flow

~6/18 178p with 222% IV and low OI - likely noise (tail hedge)

~Net premium negative (-$42.7M) indicates put bias despite mixed flow

Key Conclusions

🔴Heavy put buying at key strikes (100, 105) signals protection, but high call OI at 106-108 suggests bullish tilt.

⚠️Spot 8.6% below max pain ($105.2) implies upward drift toward MP; pinning likely by Friday.

How to Use These Reports

This flow reflects the market close on June 9, 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.