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NOW

ServiceNow, Inc.Close $93.01EOD only

Max Pain

$100.00

Next expiry Jun 26, 2026

Expected Move

±$5.12

5.5% from close

Price Gap

+6.99

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.80

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Jun 22, 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 22, 2026 close

NOW Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 19

Watch next session: $100 strike; 6/26 weekly expiry

Flow Summary

Net premium: -$7.5M bearish

P/C volume ratio: 0.33

P/C OI ratio: 0.78

Heavy call buying at $100 and nearby strikes for weekly expiry, despite QQQ weakness. Net premium negative but dominated by put premium. Positive dealer gamma and delta support spot near $96. High VIX and pinning gamma keep sellers cautious.

Notable Prints

NOW 2026-07-02 $103.00 Call

Vol: 788

OI: 213

Vol/OI: 3.7x

IV: 60.0%

Notional: ~$114K

Intent: Selling OTM call for premium

Dual read: Buying upside speculation

Read-through: Bearish near-term

NOW 2026-06-26 $83.00 Put

Vol: 1,312

OI: 392

Vol/OI: 3.4x

IV: 61.7%

Notional: ~$4K

Intent: Buying deep OTM put as hedge

Dual read: Selling for negligible premium

Read-through: Downside protection

NOW 2026-06-26 $91.00 Put

Vol: 2,174

OI: 650

Vol/OI: 3.3x

IV: 58.0%

Notional: ~$109K

Intent: Buying OTM puts bearish

Dual read: Selling put credit spread

Read-through: Expects decline

NOW 2026-06-26 $97.00 Call

Vol: 2,682

OI: 864

Vol/OI: 3.1x

IV: 60.6%

Notional: ~$536K

Intent: Selling call for premium

Dual read: Bullish call purchase

Read-through: Neutral to bearish

NOW 2026-06-26 $100.00 Call

Vol: 13,068

OI: 4,899

Vol/OI: 2.7x

IV: 61.0%

Notional: ~$1.2M

Intent: Heavy call selling for premium

Dual read: Large bullish bet

Read-through: Resistance at $100

Institutional Positioning

Call additions: Heavy call additions at $100 Jun26 (13k vol), $97, $98, $96; Jul calls at $103, $101, $100.

Put additions: Put additions at $91 and $83 Jun26 for downside protection.

GEX/DEX consistency: GEX +$351K, DEX +40.9M shares, both positive, consistent with call flow and pinning.

OI clusters: Largest OI cluster at $100 call (Jun26, 4.9k OI); secondary at $98 and $96.

Hedging evidence: Far OTM puts at $83 and $91 likely hedge long call positions against downside.

Max pain context: Spot ~4.1% below max pain; pinning toward MP, supported by positive GEX.

Signal vs Noise

~Heavy call OI at $100 indicates bullish conviction.

~Positive GEX and DEX support pinning.

~Puts at low strikes suggest hedging, not bearish direction.

~Low put/call volume ratio (0.33) confirms call interest.

Key Conclusions

📈Institutions accumulating $100 Jun26 calls, driving positive gamma.

🛡️Puts at $91 and $83 are likely hedges, not bearish bets.

🎯Positive DEX and GEX pinning suggest spot may drift toward max pain.

How to Use These Reports

This flow reflects the market close on June 23, 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.