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NOW

ServiceNow, Inc.Close $132.53EOD only

Max Pain

$120.00

Next expiry Sep 18, 2026

Expected Move

±$7.30

5.5% from close

Price Gap

-12.53

Distance to max pain

IV Rank

Low premium

P/C OI

0.91

Balanced positioning

Consensus

5.5/10

Neutral tilt

Published snapshot: Sep 11, 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 11, 2026 close

NOW Theta Report

Analysis based on market close June 16, 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 16, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.4% from MP; +1 VIX 16

IV Environment

IV Regime

High

IV vs VIX

IV (avg 74%) significantly higher than VIX (16.4)

Favorable?

Yes

Term structure: Front-end elevated (2d 56.6%, 10d 54.9%); back-end elevated (60-65%)

📈IV 74% vs VIX 16; premium elevated for selling

🔴Put OI heavy below spot; pinning near $106 MP

🟢GEX +$7.8M positive gamma supports stability

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+7.8M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 13,241 (26.0% below spot)

OI concentrations: Max pain pins: $106 (2d), $105 (10d), $108 (16d); put floor $60-$92; call wall $110-$120

Verdict: Moderate pin risk; spot near high OI $106, but gamma flip at $75 provides downside buffer

Premium Opportunities

Iron condor

Sell 2026-07-17 $95.00/$90.00 put wing and $115.00/$120.00 call wing

Sells OTM put and call wings to capture high IV premium with limited risk.

Credit: $2.02-$2.48

Max loss: $2.52

BE: 92.52 / 117.48

Mgmt: Manage near expiration; roll or close if spot breaches wings.

Put credit spread

Sell 2026-08-21 $90.00/$80.00 put spread

Sells put spread to profit from static or rising price with high IV.

Credit: $2.56-$3.13

Max loss: $6.87

BE: $86.87

Mgmt: Monitor invalidation at $92; close if breached.

Risk Alerts

!Spot 4.4% from max pain; pin risk elevated

!Gamma flip at $75 ~26% below spot; large gap

!High ATM IV decay from 56% to 55% in 2 days

How to Use These Reports

This theta reflects the market close on June 16, 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.