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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 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 5.4% from MP; +1 VIX 18

Watch next session: Monitor gamma flip at 75; Spot action relative to $100 strike

Flow Summary

Net premium: -$27.9M bearish

P/C volume ratio: 0.84

P/C OI ratio: 0.82

Heavy put buying drives net premium negative and dealers short gamma (-$34M). DEX positive cushions downside. Unusual call activity near $100 suggests resistance. Bearish bias unless spot reclaims $100.

Notable Prints

NOW 2026-06-12 $102.00 Call

Vol: 3,462

OI: 177

Vol/OI: 19.6x

IV: 19.7%

Notional: ~$87K

Intent: Speculative buy or closing

Dual read: Closes short call

Read-through: High vol/OI, low IV

NOW 2026-06-18 $65.00 Put

Vol: 15,011

OI: 1,350

Vol/OI: 11.1x

IV: 139.1%

Notional: ~$45K

Intent: Put sale for premium

Dual read: Tail hedge buy

Read-through: Massive volume, high IV

NOW 2026-06-26 $115.00 Call

Vol: 5,707

OI: 760

Vol/OI: 7.5x

IV: 60.0%

Notional: ~$685K

Intent: Bullish bet

Read-through: Speculative upside

NOW 2026-06-12 $100.00 Call

Vol: 3,268

OI: 520

Vol/OI: 6.3x

IV: 61.7%

Notional: ~$748K

Intent: Directional trade

Dual read: Position closing

Read-through: Near ATM, same-day

NOW 2026-06-12 $101.00 Call

Vol: 1,324

OI: 218

Vol/OI: 6.1x

IV: 50.9%

Notional: ~$199K

Intent: Speculative

Read-through: Same-day, low premium

Institutional Positioning

Call additions: Near-dated OTM calls with high vol/oi ratios (102,100,101,103); 115C 6/26

Put additions: Heavy 6/18 65P (15k vol), 97P,99P and long-dated 95P for 10/16

GEX/DEX consistency: GEX -$34.2M, DEX +42.3M shares; calls vs puts mixed, spot below MP

OI clusters: Put OI concentrated near 75 (gamma flip); call OI sparse above 115

Hedging evidence: Far OTM puts (65P) tail hedges; long-dated 95P downside protection

Max pain context: Spot below MP, not pinning; gamma flip at 75

Signal vs Noise

~High vol/oi on near-dated calls (102,100,101,103) and 6/18 65P indicates real positioning

~Large OI at 75P and sparse call OI beyond 115 is structural

~Random small prints (<3x vol/oi) are noise

Key Conclusions

🔄Mixed flow: calls added near term, puts hedging downside; net premium negative suggests cautious bias.

⚠️Spot below MP with gamma flip at 75; large put OI concentration could pin price near support levels.

How to Use These Reports

This flow reflects the market close on June 12, 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.