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NOW

ServiceNow, Inc.Close $95.04EOD only

Max Pain

$102.00

Next expiry Jun 26, 2026

Expected Move

±$6.05

6.4% from close

Price Gap

+6.96

Distance to max pain

IV Rank

100

High premium

P/C OI

0.77

Slightly call-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 18, 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 18, 2026 close

NOW Flow Report

Analysis based on market close June 18, 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 8.6% from MP; +1 VIX 16

Watch next session: Gamma flip level (75); Put OI concentration zones

Flow Summary

Net premium: -$121.1M bearish

P/C volume ratio: 0.76

P/C OI ratio: 0.77

Persistent put buying and negative GEX ($-20.6M) despite market rally. OTM puts expiring today signal hedging or bearish bias. Spot 8.6% below MP; confidence high for downside.

Notable Prints

NOW 2026-06-26 $86.00 Put

Vol: 1,024

OI: 106

Vol/OI: 9.7x

IV: 53.1%

Notional: ~$36K

Intent: Bearish speculation

Dual read: Hedging

Read-through: Aggressive OTM put buying

NOW 2026-07-02 $100.00 Call

Vol: 3,332

OI: 478

Vol/OI: 7.0x

IV: 55.7%

Notional: ~$783K

Intent: Bullish call buying

Dual read: Closing short call

Read-through: Anticipates positive move

NOW 2026-06-26 $97.00 Call

Vol: 1,111

OI: 162

Vol/OI: 6.9x

IV: 53.8%

Notional: ~$256K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-18 $135.00 Put

Vol: 1,667

OI: 254

Vol/OI: 6.6x

IV: 355.5%

Notional: ~$6.6M

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: 510.9%

Notional: ~$12.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Added calls at 97-100 strikes, Jun26 & Jul2 expiries.

Put additions: Large put buying at 135-178 strikes, Jun18 expiry.

GEX/DEX consistency: Yes, put buying consistent with negative GEX.

OI clusters: Recent put OI cluster at 135-178; call OI at 97-100.

Hedging evidence: Heavy put buying before 6/18 expiry suggests hedging.

Max pain context: Spot 8.6% below MP; typical pin upward pressure.

Signal vs Noise

~Large put volume near expiration is signal of hedging.

~High IV on puts may be noise due to time decay.

~Put/call ratio not extreme so no strong directional signal.

~Net premium negative aligns with dealer hedging flow.

Key Conclusions

⚠️Heavy put buying at high strikes indicates hedging or bearish positioning.

🔼Spot below MP and short gamma may push price higher for pin.

📈Moderate call buying at lower strikes shows some bullish bets.

How to Use These Reports

This flow reflects the market close on June 18, 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.