Mixed options sentiment in ServiceNow with shares down 8.45%

Mixed options sentiment in ServiceNow (NOW), with shares down $8.23 near $89.23. Options volume nearly triple the daily average with 159k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.92. Implied volatility (IV30) is higher by 5.5 points near 68.56, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.85. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: ServiceNow (NOW) will report earnings after the close on 2026-04-22.Option markets are pricing in a 50% probability of a move greater than 9.97% or $8.90.