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NOW

ServiceNow, Inc.Close $98.34EOD only

Max Pain

$99.00

Next expiry Jul 2, 2026

Expected Move

±$5.80

5.9% from close

Price Gap

+0.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.73

Slightly call-heavy

Consensus

5.5/10

Neutral tilt

Published snapshot: Jun 26, 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 26, 2026 close

NOW Flow Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 18

Watch next session: 7/10 $105 calls; 7/2 strikes; Gamma pin near 70

Flow Summary

Net premium: -$47.6M bearish

P/C volume ratio: 0.54

P/C OI ratio: 0.76

Aggressive short-dated call buying with massive 7/10 $105C volume, dealers long gamma pinning price. However, call/put vol ratio 0.54 and negative net premium (-$47.6M) contradict bullish tilt, indicating mixed sentiment. Market tailwinds (QQQ +2.5%) but caution due to put dominance.

Notable Prints

NOW 2026-07-10 $105.00 Call

Vol: 8,614

OI: 560

Vol/OI: 15.4x

IV: 56.6%

Notional: ~$1.8M

Intent: Bullish speculation

Read-through: Expects near-term rally

NOW 2026-07-10 $75.00 Put

Vol: 1,794

OI: 129

Vol/OI: 13.9x

IV: 71.1%

Notional: ~$16K

Intent: Bearish tail risk

Read-through: Cheap bet on drop

NOW 2026-12-18 $110.00 Put

Vol: 5,470

OI: 649

Vol/OI: 8.4x

IV: 57.7%

Notional: ~$12.1M

Intent: Protective put

Dual read: Bearish directional

Read-through: Long-term hedge

NOW 2026-07-02 $97.00 Put

Vol: 2,305

OI: 379

Vol/OI: 6.1x

IV: 56.9%

Notional: ~$265K

Intent: Bearish put buying

Read-through: Short-term bearish

NOW 2026-07-02 $101.00 Call

Vol: 3,632

OI: 815

Vol/OI: 4.5x

IV: 59.1%

Notional: ~$726K

Intent: Bullish call buying

Read-through: Upward bet

Institutional Positioning

Call additions: Weekly 101-107c heavy buying; 105c vol/OI 15:1

Put additions: Dec 110p and weekly 97p bought; 110p vol/OI 8:1

GEX/DEX consistency: Both GEX (+$23.9M) and DEX (+41.7M shares) positive

OI clusters: 107c (1,205), 101c (815), 110p (649)

Hedging evidence: Dec 110p and 97p for protection; net premium -$47.6M

Max pain context: Spot above MP; gamma pinning likely; high vol

Signal vs Noise

~Real: weekly 101-107 call accumulation with high vol/OI ratios.

~Noise: deep OTM $75 put with extreme ratio but low OI.

Key Conclusions

📈Consistent call buying on weekly strikes shows bullish positioning.

🛡️Dec 110p hedge suggests institutions preparing for year-end downside.

💰GEX positive and spot above MP support near-term upside bias.

How to Use These Reports

This flow reflects the market close on June 29, 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.