Mixed options sentiment in ServiceNow with shares up 2.34%

Mixed options sentiment in ServiceNow (NOW), with shares up $2.35, or 2.34%, near $103.16. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 1.12. Implied volatility (IV30) dropped 2.68 near 52.57, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.42. Put-call skew steepened, indicating increased demand for downside protection.