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NOW

ServiceNow, Inc.Close $89.52EOD only

Max Pain

$98.00

Next expiry Jun 26, 2026

Expected Move

±$2.40

2.7% from close

Price Gap

+8.48

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

5.5/10

Upside lean

Published snapshot: Jun 25, 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 25, 2026 close

NOW Flow Report

Analysis based on market close June 26, 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 4.6% from MP; +0.5 VIX 18

Watch next session: Gamma flip ~$85; Put OI concentration ~13.6% below spot

Flow Summary

Net premium: -$14.8M bearish

P/C volume ratio: 0.67

P/C OI ratio: 0.73

Mixed flow: large put selling (likely short volatility) and bullish call accumulation. Net premium negative (-14.7M) supports dealer short premium. Positive GEX ($29.8M) and high VIX (18.4) imply pinning risk near MP. Unusual prints show aggressive put writes at OTM strikes, hedging downside.

Notable Prints

NOW 2026-07-17 $65.00 Put

Vol: 14,784

OI: 495

Vol/OI: 29.9x

IV: 77.0%

Notional: ~$222K

Intent: Bearish speculation or hedge

Read-through: Expects stock below $65 by July 17

NOW 2026-07-02 $125.00 Put

Vol: 952

OI: 131

Vol/OI: 7.3x

IV: 131.7%

Notional: ~$3.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-07-02 $87.00 Put

Vol: 729

OI: 101

Vol/OI: 7.2x

IV: 57.6%

Notional: ~$11K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-07-02 $94.00 Put

Vol: 2,886

OI: 422

Vol/OI: 6.8x

IV: 52.2%

Notional: ~$317K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOW 2026-06-26 $98.00 Call

Vol: 7,244

OI: 1,137

Vol/OI: 6.4x

IV: 27.5%

Notional: ~$377K

Intent: Bullish intraday bet

Read-through: Betting on stock rise above $98 today

Institutional Positioning

Call additions: Calls at $98 (6/26), $100 (7/10), $103 (7/2)

Put additions: Puts at $65, $125, $87, $94, $91 (7/2), $96 (6/26)

GEX/DEX consistency: Contradictory: GEX +29.8M, DEX +41.2M shares positive, but put-heavy flow

OI clusters: Largest OI: $98 call 1137, $100 call 821, $65 put 495, $94 put 422

Hedging evidence: Unusual put buying (29.9x vol/OI at $65, 7.3x at $125) suggests hedging

Max pain context: Spot above MP; MP likely near $95-98

Signal vs Noise

~Positive GEX (pinning) is real signal; put flow contradicting GEX is noise from hedging

~Unusual print volumes are signal; net premium negative adds noise

~VIX 18 and spot 4.6% from MP increase noise

Key Conclusions

📈Positive gamma (+$29.8M) and DEX indicate market maker support

🐻Heavy put buying at deep OTM strikes suggests downside hedging

⚠️Contradictory GEX vs flow and high VIX increase uncertainty

How to Use These Reports

This flow reflects the market close on June 26, 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.