thetaOwl

NOW

ServiceNow, Inc.Close $99.92EOD only
Max Pain
$98.00
Next expiry May 29, 2026
Expected Move
±$5.17
5.2% from close
Price Gap
-1.92
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.79
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 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
May 26, 2026 close
NOW AI Consensus Report
Analysis based on market close April 10, 2026

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

You are viewing an older report from April 10, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.0

out of 10

Score 6 because multiple independent signals (GEX, net premium outflow and spot vs midpoint) align on downside, but conviction is capped by a near-term earnings binary and elevated IV term structure that could rapidly flip realized direction or reward/invalidate premium-selling — so tactical, size-constrained execution is prudent.

Where Perspectives Agree

Consensus is a tactical bearish bias into earnings: positioning, negative dealer gamma and net premium outflow favor downside pressure inside the $76.97–$89.03 band while elevated pre-earnings IV makes selling defined-risk downside attractive if timed before the event.

Where They Diverge

Earnings-term risk creates an explicit conflict: the directional/flow signals incentivize short-premium exposure now, but the earnings persona warns the event is a binary re-pricer that can overwhelm current positioning — this undermines aggressive short-gamma or large-size credit trades. Theta recommends premium capture, but that clashes with earnings' advice to shrink size or move expiration to avoid the binary.

Top Trade
via directional

Sell 2026-04-17 $85/$80 put spread for a credit (defined-risk put spread pre-earnings).

Key Risk

A decisive break and daily close below the $76.97 EM guardrail (sustained below on higher volume) invalidates the bearish pin/support thesis — it flips gamma/flow, removes short-premium room and would likely accelerate downside toward the next structural support near $70.

How to Use These Reports
This ai consensus reflects the market close on April 10, 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.