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NOW

ServiceNow, Inc.Close $157.00EOD only

Max Pain

$143.00

Next expiry Oct 23, 2026

Expected Move

±$3.73

2.4% from close

Price Gap

-14.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.88

Slightly call-heavy

Consensus

5.5/10

Neutral tilt

Published snapshot: Oct 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

Oct 22, 2026 close

NOW Theta Report

Analysis based on market close June 9, 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 9, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 8.6% from MP; +0.5 VIX 20

IV Environment

IV Regime

High

IV vs VIX

IV 74.73% vs VIX 19.87 – more than 3x, elevated

Favorable?

Yes

Term structure: Front week put skew extreme (128% vs 101% call); rest contango but elevated

📉Front-week put IV 128% vs call 101% – extreme skew

🔔OI shows put floor $60-$92, call wall $120-$150

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+7.4M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,146 (29.9% below spot)

OI concentrations: Max pain pins: $117 (Jun12), $110 (Jun18), $105 (Jun26). High put OI $60-$92.

Verdict: Significant pin risk as spot near $107.38, below max pain, with concentrated gamma flipping near $75

Premium Opportunities

Put credit spread

Sell 2026-07-17 $100.00/$95.00 put spread

Sells $100/$95 put spread to capture time decay with limited downside.

Credit: $1.57-$1.93

Max loss: $3.07

BE: $98.07

Mgmt: Close at 50% max profit or if spot breaches $95 support.

Cash-secured put

Sell 2026-07-17 $100.00 cash-secured put

Sells $100 put to collect elevated premium with full cash backing.

Credit: $4.73-$5.78

Max loss: $94.22

BE: $94.22

Mgmt: Roll down if spot nears $100; accept assignment if breached.

Risk Alerts

!Spot 8.6% below nearest max pain ($117)

!Negative net premium suggests dealer hedging

!Gamma flip at $75 – 30% below spot

How to Use These Reports

This theta reflects the market close on June 9, 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.