Mixed options sentiment in ServiceNow (NOW), with shares down $16.23 near $113.39. Options volume running well above average with 135k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 3.79. Implied volatility (IV30) dropped 7.52 near 43.85,in the top quartile of the past year, suggesting an expected daily move of $3.13. Put-call skew steepened, indicating increased demand for downside protection.The company announced earnings after the close on 2026-01-28with option markets having priced in a move of approximately 10.16%.
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