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NOW

ServiceNow, Inc.Close $102.15EOD only

Max Pain

$108.00

Next expiry Jun 18, 2026

Expected Move

±$6.43

6.3% from close

Price Gap

+5.85

Distance to max pain

IV Rank

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 12, 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 12, 2026 close

NOW Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.8% from MP; +0.5 VIX 19

Watch next session: $100; $105; gamma flip $75

Flow Summary

Net premium: -$46.8M bearish

P/C volume ratio: 0.67

P/C OI ratio: 0.84

Heavy unusual call prints (105C, 103C, 104C) dominate flow; put/call volume ratio low (0.67). Net premium negative but DEX positive. Regime: high vol, gamma trending, spot below MP. Bullish call accumulation suggests upside.

Notable Prints

NOW 2026-06-12 $105.00 Call

Vol: 4,689

OI: 392

Vol/OI: 12.0x

IV: 60.4%

Notional: ~$492K

Intent: Aggressive bullish speculation on near-term upside.

Read-through: Expects move above $105 by Friday.

NOW 2026-06-12 $103.00 Call

Vol: 1,120

OI: 135

Vol/OI: 8.3x

IV: 59.5%

Notional: ~$202K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-12 $104.00 Call

Vol: 1,350

OI: 192

Vol/OI: 7.0x

IV: 58.8%

Notional: ~$192K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-12 $101.00 Put

Vol: 3,019

OI: 538

Vol/OI: 5.6x

IV: 59.8%

Notional: ~$302K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-12 $108.00 Call

Vol: 3,448

OI: 673

Vol/OI: 5.1x

IV: 62.5%

Notional: ~$138K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying at $105-$108, vol/OI up to 12x

Put additions: Near-money $101 put (5.6x) and deep OTM $135/$220 puts with 297-322% IV

GEX/DEX consistency: GEX -$7.8M, DEX +42.9M; consistent with put OI at $75 gamma flip

OI clusters: Put OI 13,172 at $75; call OI rising at $105

Hedging evidence: Deep OTM puts suggest hedging; put/call OI ratio 0.84

Max pain context: Spot below MP (est. $105-108); pinning to upside possible

Signal vs Noise

~High vol/OI on $105 call is real call demand

~Deep OTM puts with extreme IV are noise

~Near-money $101 put volume signals put demand

~Net premium -$46.8M confirms net put flow

Key Conclusions

🟡Aggressive call buying at $105-$108 but net premium negative; mixed signals

🔴Deep OTM puts at 300% IV signal tail hedging; watch for volatility

🟢Spot below max pain with short gamma may cause sharp moves

How to Use These Reports

This flow reflects the market close on June 11, 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.