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NOW

ServiceNow, Inc.Close $128.05EOD only

Max Pain

$120.00

Next expiry Aug 28, 2026

Expected Move

±$6.98

5.5% from close

Price Gap

-8.05

Distance to max pain

IV Rank

Low premium

P/C OI

0.89

Slightly call-heavy

Consensus

5.5/10

Neutral tilt

Published snapshot: Aug 24, 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

Aug 24, 2026 close

NOW Theta Report

Analysis based on market close May 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +1 VIX 17

IV Environment

IV Regime

High

IV vs VIX

Stock IV 67% vs VIX 17, significant premium

Favorable?

Yes

Term structure: Near-term IV highest, declining through June, indicating event risk

💰IV elevated vs VIX; premium selling favorable due to high IV and pinning gamma

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+22.7M)

Gamma flip: ~$92.00 — Approx — based on put OI concentration of 12,989 (7.9% below spot)

OI concentrations: Put floor $60-$92, call wall $110-$130; gamma flip ~$92 from put OI

Verdict: Pinning likely near $100 max pain; downside risk if spot breaks $92

Premium Opportunities

Iron condor

Sell 2026-07-17 $95.00/$90.00 put wing and $105.00/$110.00 call wing

Sell 95/90 put and 105/110 call wings, max gain $4.01

Credit: $3.28-$4.01

Max loss: $0.99

BE: 90.99 / 109.01

Mgmt: Exit below $92 or above $105, take profit at 50%

Put credit spread

Sell 2026-07-17 $95.00/$90.00 put spread

Sell 95/90 put spread, collect up to $2.14

Credit: $1.75-$2.14

Max loss: $2.86

BE: $92.86

Mgmt: Close if NOW < $98

Risk Alerts

!Put OI concentration at $92 increases pin risk downside

!Near-term IV skew wide; put IV 85% vs call 80% (3d)

How to Use These Reports

This theta reflects the market close on May 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.