NOW Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete NOW options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around NOW.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

105

Exp: 2026-07-24

Gamma Flip

103.89

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.377

Shows put vs call positioning

IV Skew

-4.43

Put–call IV difference

Max Pain Price Volatility

σ = 15.65

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.081(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for NOW are at 103.12, 101.22, and 88.33, while the resistance levels are at 106.28, 108.18, and 121.07. The pivot point, a key reference price for traders, is at 105.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 5.95% 1-day move.

The expected range for the next 4 days is 98.26 — 111.10 , corresponding to +6.11% / -6.15% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 113.15 (8.07% above spot).

Bearish positioning points to downside pressure toward 96.19 (8.13% below spot).

Options flow strength: 1.00 (0–1 scale). ATM Strike: 105.00, Call: 6.12, Put: 6.33, Straddle Cost: 12.45.

Price moves are likely to stay range-bound. The short-term gamma flip is near 101.95 , with intermediate positioning around 103.89 . The mid-term gamma flip remains near 103.81.