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ServiceNow call volume above normal and directionally bullish

Bullish option flow detected in ServiceNow (NOW) with 104,979 calls trading, 5x expected, and implied vol increasing almost 5 points to 62.83%. 5/22 weekly 110 calls and 5/22 weekly 100 calls are the most active options, with total volume in those strikes near 21,700 contracts. The Put/Call Ratio is 0.13. Earnings are expected on July 22nd.

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