thetaOwl
HomeOptionsNOWReports

NOW

ServiceNow, Inc.Close $103.07EOD only
Max Pain
$97.50
Next expiry Apr 24, 2026
Expected Move
±$11.50
11.2% from close
Price Gap
-5.57
Distance to max pain
IV Rank
100
High premium
P/C OI
0.86
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Apr 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
Apr 22, 2026 close
NOW AI Consensus Report
Analysis based on market close April 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

Score 6 because multiple signals (dealer GEX, elevated IV, protective demand) align on downside but meaningful institutional flow and an upcoming earnings/event binary reduce certainty and cap conviction below high levels.

Where Perspectives Agree

Consensus is near-term bearish: dealer short-gamma plus elevated IV and protective flows favor downside continuation toward structural supports rather than immediate mean-reversion.

Where They Diverge

Flow shows pockets of institutional accumulation and large buys that imply eventual absorption and a continuation bid, directly contradicting the pure short-gamma-driven sell thesis; earnings term structure and forward IV skew imply a binary event could produce a sharp rally or squeeze that would invalidate the bearish continuation.

Top Trade
via directional

Buy 2026-05-15 $89/$85 put spread (debit) — target defined-risk bearish exposure into gamma-driven downside; expected debit ~ $1.20.

Key Risk

A clean break and close above $96 (sustained post-session) would flip dealer gamma dynamics, compress IV and trigger short-covering/flow reversal — negates the bearish continuation and likely reinscribes higher-range action.

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