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NOW

ServiceNow, Inc.Close $104.15EOD only

Max Pain

$107.00

Next expiry Jun 18, 2026

Expected Move

±$5.33

5.1% from close

Price Gap

+2.85

Distance to max pain

IV Rank

High premium

P/C OI

0.83

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

NOW Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.4% from MP; +1 VIX 16

Watch next session: $105 Call; $148 Put; $91 Call

Flow Summary

Net premium: -$23.3M bearish

P/C volume ratio: 0.52

P/C OI ratio: 0.78

Mixed flow: large call buying at low strikes, heavy put OI at high strikes. Net premium -$23M but GEX positive. VIX elevated, spot below MP.

Notable Prints

NOW 2026-06-26 $91.00 Call

Vol: 774

OI: 131

Vol/OI: 5.9x

IV: 69.2%

Notional: ~$894K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-07-02 $115.00 Call

Vol: 1,399

OI: 297

Vol/OI: 4.7x

IV: 60.6%

Notional: ~$173K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-26 $92.00 Call

Vol: 775

OI: 202

Vol/OI: 3.8x

IV: 66.8%

Notional: ~$826K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-07-02 $110.00 Call

Vol: 1,719

OI: 632

Vol/OI: 2.7x

IV: 58.9%

Notional: ~$361K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-18 $148.00 Put

Vol: 978

OI: 365

Vol/OI: 2.7x

IV: 239.1%

Notional: ~$4.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy volume in deep ITM calls (91-115 strikes) suggests synthetic long positioning; also OTM call additions at 105-115.

Put additions: Concentrated put buying at 148-178 strikes (high IV 239-326%), likely hedging downside or bearish bets.

GEX/DEX consistency: GEX +7.8M and DEX +42M bullish, but net premium -23.3M negative, creating contradiction.

OI clusters: Largest OI: Dec 130 call (25.3k), Jan 100 call (11.3k), Dec 95 call (8.7k). Put OI concentrated at 75 strike (13,241) below spot.

Hedging evidence: Put buying at high strikes combined with deep ITM calls may indicate collar strategies. High put IV signals downside fear.

Max pain context: Spot 4.4% below max pain, suggesting downward pin. Gamma flip at 75 (26% below spot) supports pinning lower.

Signal vs Noise

~Deep ITM call volume is real demand, not noise.

~Put buying at high strikes with elevated IV is signal.

~GEX/DEX positive but net premium negative is noise from option composition.

~Unusual prints with high vol/oi ratios are signal.

Key Conclusions

📈Institutions adding deep ITM calls for leveraged upside exposure.

⚠️High IV puts at 148-178 reflect hedging against downside risk.

🎯Gamma pinning near current levels suggests short-term price stability.

How to Use These Reports

This flow reflects the market close on June 16, 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.