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NOW

ServiceNow, Inc.Close $153.12EOD only

Max Pain

$142.00

Next expiry Oct 23, 2026

Expected Move

±$5.93

3.9% from close

Price Gap

-11.12

Distance to max pain

IV Rank

Low premium

P/C OI

0.88

Slightly call-heavy

Consensus

5.5/10

Neutral tilt

Published snapshot: Oct 21, 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

Oct 21, 2026 close

NOW Theta Report

Analysis based on market close June 8, 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 June 8, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV 74.2% vs VIX 18.9, heavily elevated

Favorable?

Yes

Term structure: Mixed, slight inversion near front

📈High IV offers rich premium but pin risk elevated

⚠️Call wall $120-$150 caps upside; put floor $60-$92

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+15.6M)

Gamma flip: ~$92.00 — Approx — based on put OI concentration of 13,077 (19.4% below spot)

OI concentrations: Put OI 13,077 at strike 92 (19.4% below spot); gamma flip near 92

Verdict: Near-term pin risk to downside towards put concentration; max pain $119 for 6/12 but spot below

Premium Opportunities

Iron condor

Sell 2026-08-21 $110.00/$105.00 put wing and $120.00/$125.00 call wing

Sell put wing $110/$105 and call wing $120/$125, limited risk.

Credit: $3.83-$4.68

Max loss: $0.32

BE: 105.32 / 124.68

Mgmt: Close at 50% max gain or if spot nears wings; monitor earnings pin risk.

Risk Alerts

!High IV inflates premiums but increases risk of large moves

!Pin risk from heavy put OI below spot

!Call wall at $120+ may cap rallies

How to Use These Reports

This theta reflects the market close on June 8, 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.