Mixed options sentiment in ServiceNow (NOW), with shares down $1.08 near $101.55. Options volume roughly in line with average with 57k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 2.83. Implied volatility (IV30) dropped 2.03 near 53.44, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.42. Put-call skew flattened, suggesting a modestly bullish tone.
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