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NOW

ServiceNow, Inc.Close $131.17EOD only

Max Pain

$135.00

Next expiry Sep 11, 2026

Expected Move

±$4.01

3.1% from close

Price Gap

+3.83

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.92

Balanced positioning

Consensus

5.5/10

Neutral tilt

Published snapshot: Sep 10, 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

Sep 10, 2026 close

NOW Theta Report

Analysis based on market close June 11, 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 11, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.8% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

Avg IV 77.7% vs VIX 19.4; very high

Favorable?

Yes

Term structure: ATM IV flat ~60-66%; near-term put skew extreme (229% on 1DTE)

⚠️Near-term put skew suggests elevated tail risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-7.8M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,172 (27.2% below spot)

OI concentrations: Max pain $113 (1DTE), $109 (7DTE), $105 (15DTE); put OI at $92.68 support

Verdict: Elevated pin risk for 1DTE; moderate for weekly/monthly

Premium Opportunities

Put credit spread

Sell 2026-08-21 $95.00/$90.00 put spread

Sell 95/90 put spread on 2026-08-21, benefiting from elevated premiums and time decay.

Credit: $1.80-$2.20

Max loss: $2.80

BE: $92.80

Mgmt: Close at 50% max gain or if spot breaches 92.68.

Cash-secured put

Sell 2026-08-21 $90.00 cash-secured put

Sell 90 put on 2026-08-21, collecting high premium with equity-like collateral.

Credit: $5.13-$6.27

Max loss: $83.73

BE: $83.73

Mgmt: Roll if spot approaches 92.68; close at 50% gain.

Call calendar

Sell 2026-07-17 $115.00 call / buy 2026-08-21 $115.00 call

Sell July 115 call, buy August 115 call, exploiting IV term structure.

Debit: $3.65-$4.46

Max loss: $4.46

BE: Path-dependent

Mgmt: Manage if spot moves beyond 115; close at expiration.

Risk Alerts

!High IV with extreme put skew on front expiration

!Spot below max pain; potential pin action

How to Use These Reports

This theta reflects the market close on June 11, 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.