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NOWSERVICENOW, INC.

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $149.6B|NYSE
● 2026-08-31$144.71
BULLISH
Analysis: 2026-08-28 EOD data
1Y -20.6%YTD -1.9%7D +13.0%
241,629
30D
±14.6%
23%

NOW Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

6.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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NOW Gamma Walls

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Value

Is IV priced right?

5.8
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 92.3% — elevated vs history

<1.05x

IV/HV 0.88x — IV ≤ HV

Sector Relative≤50%

Sector percentile 71% — above sector median

<1.1x

Front/Back 0.91x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 48.6% — normal range

<80%

Effective IV 59.2% (ATM 48.6% + spread 5.3% + bias) — good value

<3.0%

Total drag 7.91% (spread 5.30% + slippage 2.61%) — high friction

≥5.0

Vega efficiency 36.09 (vega 19.130 / spread 5.30%) — efficient

Sentiment

Bullish or bearish?

6.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +8%)
|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: +8%

≥15%

|OI skew| 6.1% — balanced

Same sign, |vol skew| ≥10%

Vol skew +40.7%, OI skew +6.1% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +12%, ATM: +6%, OTM: +8% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 27% — very bullish vs sector

Activity

Unusual activity?

6.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 1.9x avg — elevated

≥15%

Vol/OI 19.8% — high turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +7.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 88% — very active vs sector

≥30%

Large trade volume 17% — mixed

≥60%

Aggressive execution 30% — patient

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

6.1
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed
≤5.0%

Spread 5.3% — wide

≥10,000

OI 1,221,923 — deep

≥500

Volume 241,629/day — active

≤$0.50

$0.27 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 71% — wider than sector

≥100 contracts

Depth 256.6 contracts (bid:135.2 ask:121.4) — adequate

<1.0%

Avg slippage 2.61% — poor

Timing

Is now a good time?

7.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -8.8% — contango

<30 or >70

IV percentile 92% — seller opportunity

≥10pts kink

IV kink -2.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 172.81 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +8% @ 54% consistency — unclear

≥40 composite score

Score 47 (ITM 20% + inst 17%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV fair, bullish flow
Long Puts5.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.9
bullishIV fair, bullish flow
Covered Call4.8
bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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