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NOW

ServiceNow, Inc.Close $95.94EOD only

Max Pain

$100.00

Next expiry Jun 26, 2026

Expected Move

±$4.70

4.9% from close

Price Gap

+4.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

5.5/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

NOW Flow Report

Analysis based on market close June 24, 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 6.2% from MP; +0.5 VIX 19

Watch next session: $75 gamma flip; unusual call OI changes

Flow Summary

Net premium: -$19.6M bearish

P/C volume ratio: 0.31

P/C OI ratio: 0.77

Heavy call buying at deep OTM strikes, but negative net premium and GEX suggest selling pressure. Mixed flow with spot below MP in high vol regime. Key level: gamma flip at $75.

Notable Prints

NOW 2026-06-26 $114.00 Call

Vol: 1,891

OI: 238

Vol/OI: 8.0x

IV: 99.2%

Notional: ~$9K

Intent: Speculative tail risk bet on extreme upside

Dual read: Hedge short gamma or lottery

Read-through: High IV, low premium, strong demand for cheap calls

NOW 2026-06-26 $97.00 Call

Vol: 2,150

OI: 874

Vol/OI: 2.5x

IV: 55.5%

Notional: ~$150K

Intent: Bullish directional play expecting move

Dual read: Fresh demand or short gamma hedge

Read-through: Moderate premium, near-term bullish

NOW 2026-06-26 $93.00 Call

Vol: 635

OI: 382

Vol/OI: 1.7x

IV: 55.5%

Notional: ~$146K

Intent: Bullish bet near current level

Dual read: Opening vs closing; volume suggests opening

Read-through: Supports bullish call bias

Institutional Positioning

Call additions: Deep OTM calls at $93/$97/$114 with high vol/oi ratios (8x at $114).

Put additions: None; put/call vol ratio 0.31.

GEX/DEX consistency: Mixed: negative GEX (-$4.6M) from call sales; positive DEX (+40.9M shares) from put sales/hedges.

OI clusters: Put OI 20% below spot; gamma flip near $75.

Hedging evidence: Net premium negative (-$19.6M) suggests option selling, not hedging.

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

Signal vs Noise

~Unusual call volume vs OI is bullish signal.

~Negative GEX amplifies upside risk.

~Low put/call ratio but spot below MP: bearish undertow.

~Net premium negative may reflect closing, not directional bias.

Key Conclusions

📈Institutions buying deep OTM calls, bullish conviction.

⚠️Negative gamma and put OI below spot raise vol risk.

🔮Spot below MP with high VIX; favor large moves.

How to Use These Reports

This flow reflects the market close on June 24, 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.