Mixed options sentiment in ServiceNow with shares down 1.82%

Mixed options sentiment in ServiceNow (NOW), with shares down $2.45 near $132.16. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 4.63. Implied volatility (IV30) is higher by 0.2 points near 46.39,in the top quartile of the past year, suggesting an expected daily move of $3.86. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: ServiceNow (NOW) will report earnings after the close on 2026-01-28.Option markets are pricing in a 50% probability of a move greater than 6.48% or $8.56.