Mixed options sentiment in ServiceNow with shares up 7.26%

Mixed options sentiment in ServiceNow (NOW), with shares up $6.38, or 7.26%, near $94.17. Options volume more than double the daily average with 131k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.83. Implied volatility (IV30) dropped 0.56 near 68.81, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.08. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at UBS.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 10.52% or $9.91.