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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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 16

Watch next session: NOW 2026-06-18 $114 Call; NOW 2026-06-18 $109 Call; NOW 2026-06-18 $111 Call

Flow Summary

Net premium: -$3.3M bearish

P/C volume ratio: 0.35

P/C OI ratio: 0.83

Positive gamma pinning and heavy call buying, supported by strong tech rally (QQQ +3.14%). Net premium selling suggests MM hedging. Bias bullish if spot stays above gamma flip.

Notable Prints

NOW 2026-06-18 $114.00 Call

Vol: 4,478

OI: 162

Vol/OI: 27.6x

IV: 69.1%

Notional: ~$170K

Intent: Bullish speculation

Dual read: Hedge for short stock

Read-through: Aggressive call buying

NOW 2026-06-18 $109.00 Call

Vol: 2,971

OI: 458

Vol/OI: 6.5x

IV: 65.2%

Notional: ~$327K

Intent: Bullish accumulation

Dual read: Closing short position

Read-through: Continued call demand

NOW 2026-06-18 $111.00 Call

Vol: 3,472

OI: 652

Vol/OI: 5.3x

IV: 66.3%

Notional: ~$250K

Intent: Bullish bet

Dual read: Stock replacement

Read-through: Call buying at strike

NOW 2026-07-02 $100.00 Call

Vol: 462

OI: 132

Vol/OI: 3.5x

IV: 59.4%

Notional: ~$356K

Intent: Long-term bullish

Dual read: Selling call spread

Read-through: Leap call accumulation

NOW 2026-06-26 $110.00 Call

Vol: 3,358

OI: 1,042

Vol/OI: 3.2x

IV: 62.3%

Notional: ~$806K

Intent: Bullish momentum

Dual read: Rolling up strikes

Read-through: Call buying at round number

Institutional Positioning

Call additions: Large call vol on 6/18 strikes $106-$114 (vol/OI up to 27.6x) – aggressive bullish positioning.

Put additions: Modest put vol at deep ITM $148/$178 (high IV) – likely hedging.

GEX/DEX consistency: Positive GEX (+$9.9M) and DEX (+41.3M shares) align with call flow.

OI clusters: Put OI cluster 13,241 contracts ~28% below spot; call OI concentrated near $107-$110.

Hedging evidence: Deep ITM put prints with extreme IV indicate portfolio hedging, not directional bearishness.

Max pain context: Spot below max pain; pinning flow suggests price gravitation upward.

Signal vs Noise

~Signal: high vol/OI calls at low strikes – bullish sentiment.

~Noise: small put prints with high IV are hedging, not bearish flow.

~Signal: positive GEX/DEX consistent with call accumulation.

~Noise: net negative premium is misleading due to put premium.

Key Conclusions

🐂Aggressive call accumulation near spot signals bullish conviction.

📈Positive GEX/DEX and pinning flow support upward momentum.

🛡️Deep ITM puts likely hedges, not bearish bets.

How to Use These Reports

This flow reflects the market close on June 15, 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.