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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 22, 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 7.0% from MP; +1 VIX 17

Watch next session: June 26 expiration activity; July 17 call volume

Flow Summary

Net premium: -$20.9M bearish

P/C volume ratio: 0.37

P/C OI ratio: 0.80

Aggressive OTM call buying dominates, especially for Jun 26 expiry. Low put/call volume ratio (0.37) and negative net premium indicate bullish sentiment despite elevated VIX. Dealers long delta (DEX +39.8M) but negative gamma. Spot ~93, 7% below MP, but call demand suggests upside conviction. Key level: gamma flip at 75.

Notable Prints

NOW 2026-06-26 $93.00 Call

Vol: 794

OI: 202

Vol/OI: 3.9x

IV: 59.8%

Notional: ~$200K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-26 $96.00 Call

Vol: 1,395

OI: 368

Vol/OI: 3.8x

IV: 60.8%

Notional: ~$202K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-07-02 $112.00 Call

Vol: 689

OI: 185

Vol/OI: 3.7x

IV: 66.9%

Notional: ~$17K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-26 $95.00 Call

Vol: 3,070

OI: 878

Vol/OI: 3.5x

IV: 61.0%

Notional: ~$546K

Intent: Near-term speculative buy

Dual read: Potential close

Read-through: High vol relative OI

NOW 2026-07-31 $80.00 Put

Vol: 411

OI: 124

Vol/OI: 3.3x

IV: 64.5%

Notional: ~$107K

Intent: Hedge against drop

Dual read: Speculative put

Read-through: Tail hedge positioning

Institutional Positioning

Call additions: Strikes 92-97 weekly, 100/112, 7/17 95

Put additions: Strike 80 for 7/31

GEX/DEX consistency: GEX -$8.7M vs DEX +39.8M shares: inconsistent, dealers long delta short gamma

OI clusters: Put OI 13,483 at ~75; call OI rising weekly

Hedging evidence: Put wall at 75 and 80 put suggest protection

Max pain context: Spot ~93 below MP; negative gamma weakens pin; MP ~92-95

Signal vs Noise

~Unusual call volume weekly expirations: bullish speculation

~Put OI cluster at 75: institutional hedge

~Negative gamma regime increases volatility risk

~Dealers adding delta via DEX while short gamma creates hedging flow

~Low put/call volume ratio (0.37) vs OI (0.80): near-term call bias

Key Conclusions

🟢Call buying in near-term strikes signals bullish positioning

🟢Put wall at 75 provides downside support

⚠️Negative gamma and spot below MP imply increased pinning risk

ℹ️Elevated VIX (17.3) adds options premium; flow mixed

How to Use These Reports

This flow reflects the market close on June 22, 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.