Home Options NOWReports

NOW

ServiceNow, Inc.Close $101.33EOD only

Max Pain

$106.00

Next expiry Jun 18, 2026

Expected Move

±$4.15

4.1% from close

Price Gap

+4.67

Distance to max pain

IV Rank

High premium

P/C OI

0.78

Slightly call-heavy

Consensus

4.0/10

Consensus signal

Published snapshot: Jun 16, 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 16, 2026 close

NOW Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 9.1% from MP; +0.5 VIX 18

Watch next session: $220 put; $148 put; $90 put OTM flow

Flow Summary

Net premium: -$235.0M bearish

P/C volume ratio: 1.10

P/C OI ratio: 0.76

Heavy put flow with -$235M net premium, put volume ratio >1, unusual OTM put blocks (6/26 $65, 6/18 $148-$220). Negative GEX -$9.5M and spot below MP reinforce bearish bias. High vol and mixed regime caution further downside.

Notable Prints

NOW 2026-06-26 $65.00 Put

Vol: 15,001

OI: 273

Vol/OI: 55.0x

IV: 93.0%

Notional: ~$60K

Intent: Bearish speculation or hedge

Dual read: Could be hedging or lottery ticket

Read-through: Extreme put volume suggests downside expectation

NOW 2026-06-26 $90.00 Put

Vol: 5,699

OI: 751

Vol/OI: 7.6x

IV: 56.8%

Notional: ~$798K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-18 $148.00 Put

Vol: 2,365

OI: 365

Vol/OI: 6.5x

IV: 409.2%

Notional: ~$12.0M

Intent: Bearish bet on near-term drop

Read-through: High IV indicates fear; large put buying

NOW 2026-06-18 $135.00 Put

Vol: 1,667

OI: 264

Vol/OI: 6.3x

IV: 322.3%

Notional: ~$6.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-18 $178.00 Put

Vol: 1,165

OI: 185

Vol/OI: 6.3x

IV: 527.5%

Notional: ~$9.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Minimal; net premium and volume favor puts.

Put additions: Heavy put buying on weekly and far OTM strikes; $65 put vol/oi 55.

GEX/DEX consistency: Mixed: GEX negative, DEX positive; dealers short gamma long delta.

OI clusters: Largest put OI near $70 gamma flip; wide strike dispersion.

Hedging evidence: Large far OTM puts indicate tail hedging; weekly puts hedge long positions.

Max pain context: Spot below MP; high vol reduces pin attraction.

Signal vs Noise

~Signal: Weekly put volume surge with high vol/oi ratios suggests active downside protection.

~Noise: $65 put block may be roll/synthetic, but extreme vol/oi warrants attention.

Key Conclusions

🛡️Heavy put accumulation on weekly and far OTM strikes signals downside hedging or bearish bias.

⚠️GEX/DEX divergence creates risk of sharp moves; dealers short gamma amplifies volatility.

How to Use These Reports

This flow reflects the market close on June 17, 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.