thetaOwl
HomeOptionsNOWReports

NOW

ServiceNow, Inc.Close $98.34EOD only
Max Pain
$99.00
Next expiry Jul 2, 2026
Expected Move
±$5.80
5.9% from close
Price Gap
+0.66
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.73
Slightly call-heavy
Consensus
5.5/10
Neutral tilt
Published snapshot: Jun 26, 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 26, 2026 close
NOW Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Sell put credit spreads at $92 support
Invalidation: Break below $92 or IV expansion above 75% before event
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 69% vs VIX 18% – rich premiums
Favorable?
Yes

Term structure: Front-end IV elevated; spike at 25d implies event risk

📈IV 69% vs VIX 18% – massive premium for sellers
📍Positive GEX (+$23.9M) supports pinning near $98-$100

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+23.9M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 24,398 (30.0% below spot)

OI concentrations: Put OI concentration at $98 (30% below spot); call wall $110-$120; put floor $60-$92

Verdict: Moderate pin risk; spot above max pain suggests upward bias

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $92.00/$90.00 put spread
Sell put spread at support.
Credit: $0.58-$0.71
Max loss: $1.29
BE: $91.29
Mgmt: Close if below $92. Liquidity warning: Liquidity constraints: short_put: Volume below 5.
#2
Iron condor
Sell 2026-07-24 $95.00/$90.00 put wing and $105.00/$109.00 call wing
Sell wings around expected range.
Credit: $2.20-$2.69
Max loss: $2.31
BE: 92.31 / 107.69
Mgmt: Adjust if spot moves beyond wings. Liquidity warning: Liquidity constraints: long_call: Wide spread (67%).

Risk Alerts

!High IV increases risk of large moves
!Term structure spike at 25d signals potential event
How to Use These Reports
This theta reflects the market close on June 29, 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.