Home Options NOWReports

NOW

ServiceNow, Inc.Close $93.80EOD only

Max Pain

$100.00

Next expiry Jun 26, 2026

Expected Move

±$3.72

4.0% from close

Price Gap

+6.20

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.77

Slightly call-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 24, 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 24, 2026 close

NOW Theta Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.7% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV at 76% vs VIX 18.9 – extremely elevated

Favorable?

Term structure: Near-term skew extreme (1-day call IV 139%), contango with stable longer-term IV ~62%

⚠️Negative gamma dealer positioning amplifies moves

🔥1-day IV call skew at 139% suggests event risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-17.0M)

Gamma flip: ~$65.00 — Approx — based on put OI concentration of 15,261 (27.4% below spot)

OI concentrations: Call wall $100-$120, put floor $60-$85, gamma flip at $65 (27.4% put OI below spot)

Verdict: Max pain pins at $98, $100, $105; spot below max pain supports bullish pinning pressure

Premium Opportunities

Call calendar

Sell 2026-07-17 $95.00 call / buy 2026-08-21 $95.00 call

Sells front-month call to capture IV premium, buys back-month call for upside exposure.

Debit: $3.80-$4.65

Max loss: $4.65

BE: Path-dependent

Mgmt: Exit at or before earnings; adjust if spot moves below $95.

Put diagonal

Sell 2026-07-17 $85.00 put / buy 2026-08-21 $80.00 put

Sells front-month $85 put, buys back-month $80 put for protection.

Debit: $1.55-$1.90

Max loss: $1.90

BE: Path-dependent

Mgmt: Roll front-month put if spot nears $85.

Risk Alerts

!Negative gamma dealer positioning may accelerate moves

!Extreme skew on near-term options

!Spot 8.7% below max pain – pin risk on upside

How to Use These Reports

This theta reflects the market close on June 25, 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.