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NOW

ServiceNow, Inc.Close $102.15EOD only

Max Pain

$108.00

Next expiry Jun 18, 2026

Expected Move

±$6.43

6.3% from close

Price Gap

+5.85

Distance to max pain

IV Rank

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 12, 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

Jun 12, 2026 close

NOW Theta Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 16

IV Environment

IV Regime

High

IV vs VIX

Avg IV 73.2% vs VIX 16.2 — elevated, favorable for selling premium

Favorable?

Yes

Term structure: Front-end IV decays from 61% to 58% then rises to 66-68% after 30 days; overall high

📈IV 73% vs VIX 16% — elevated skew attractive for short premium

📌Dealer long gamma $9.9M, pinning to $107-$105 max pain

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+9.9M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,241 (28.0% below spot)

OI concentrations: Put OI 28% below spot at $75-$92, call OI wall $120-$150; max pain $107 (Jun18), $105 (Jun26), $108 (Jul2)

Verdict: Multiple max pain levels near spot; put floor and call ceiling create range; spot below MP suggests upward bias risk

Premium Opportunities

Iron condor

Sell 2026-07-10 $96.00/$91.00 put wing and $118.00/$126.00 call wing

Sells OTM puts and calls to profit from time decay and range-bound price

Credit: $2.00-$2.45

Max loss: $5.55

BE: 93.55 / 120.45

Mgmt: Close at 50% max profit or 7 DTE; adjust if spot nears short strikes Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; short_call: Open interest below 25.

Put credit spread

Sell 2026-07-24 $96.00/$90.00 put spread

Sells put spread to collect premium while hedging downside

Credit: $1.60-$1.95

Max loss: $4.05

BE: $94.05

Mgmt: Exit at 50% max profit; stop loss if spot breaks invalidation level Liquidity warning: Liquidity constraints: short_put: Open interest below 25.

Risk Alerts

!IV expansion risk if spot breaks range; monitor gamma squeeze potential

!Spot below MP may cause short covering and upward volatility

How to Use These Reports

This theta reflects the market close on June 15, 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.