NOW options flow: unusual options activity in ServiceNow, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 266 unusual options prints in ServiceNow, Inc. (NOW), $21.5M of tracked premium, leaning bearish. Bullish premium was $6.9M against $12.0M bearish; $14.5M went into calls and $7.0M into puts, a put call ratio of 0.48. The largest print was $5.3M of NOW 17 Sep 2027 $200 calls on 24 September 2026, executed at bid. The last session with prints, 28 September 2026, added 11 prints and $1.0M of premium. NOW closed at $135.62 on 25 September 2026, down 1.6%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 24 Sep 2026 | NOW 17 Sep 2027 $200 calls | Trade | 3,500 | 133 | $5.3M | At bid | Bearish | Whale |
| 28 Sep 2026 | NOW 2 Oct 2026 $125 puts | Sweep | 2,235 | 1,318 | $595K | At bid | Bullish | High conviction |
| 24 Sep 2026 | NOW 20 Nov 2026 $140 puts | Trade | 450 | 4,142 | $585K | At bid | Bullish | Notable |
| 21 Sep 2026 | NOW 15 Jan 2027 $115 puts | Sweep | 475 | 6,705 | $304K | At bid | Bullish | High conviction |
| 24 Sep 2026 | NOW 17 Jun 2027 $110 puts | Trade | 275 | 478 | $302K | At ask | Bearish | |
| 25 Sep 2026 | NOW 20 Nov 2026 $145 calls | Sweep | 302 | 2,143 | $299K | At bid | Bearish | Notable |
| 24 Sep 2026 | NOW 20 Nov 2026 $145 calls | Sweep | 251 | 2,073 | $271K | At bid | Bearish | Notable |
| 25 Sep 2026 | NOW 20 Nov 2026 $125 puts | Trade | 400 | 6,519 | $262K | At bid | Bullish | |
| 24 Sep 2026 | NOW 17 Jun 2027 $125 puts | Sweep | 154 | 350 | $259K | At bid | Bullish | Notable |
| 23 Sep 2026 | NOW 19 Mar 2027 $110 puts | Trade | 340 | 5,549 | $252K | At midpoint | Neutral | |
| 25 Sep 2026 | NOW 20 Nov 2026 $110 calls | Trade | 80 | 1,650 | $240K | At bid | Bearish | |
| 22 Sep 2026 | NOW 15 Jan 2027 $135 calls | Sweep | 125 | 1,666 | $225K | At ask | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 17 Sep 2027 | 15 | $6.0M | 94% | -$5.2M |
| 15 Jan 2027 | 51 | $3.0M | 47% | +$344K |
| 20 Nov 2026 | 29 | $2.6M | 58% | -$56K |
| 16 Oct 2026 | 31 | $2.0M | 74% | -$392K |
| 21 Jan 2028 | 32 | $1.8M | 60% | +$91K |
| 2 Oct 2026 | 24 | $1.5M | 43% | +$615K |
The most premium, $6.0M, is aimed at the 17 Sep 2027 expiry; the nearest expiry with unusual prints is 2 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | NOW 2 Oct 2026 $125 puts | Sweep | 2,235 | 1,318 | $595K | At bid | Bullish | High conviction |
| 28 Sep 2026 | NOW 30 Oct 2026 $133 calls | Sweep | 97 | 34 | $70K | At bid | Bearish | High conviction |
| 28 Sep 2026 | NOW 15 Jan 2027 $95 calls | Sweep | 16 | 958 | $61K | At ask | Neutral | |
| 28 Sep 2026 | NOW 2 Oct 2026 $125 puts | Sweep | 225 | 1,318 | $56K | At bid | Bullish | |
| 28 Sep 2026 | NOW 2 Oct 2026 $140 calls | Trade | 650 | 2,723 | $53K | At ask | Bullish | Notable |
Every print in NOW with its full detail, the live tape, one tap filters and saved screeners: open NOW in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open NOW in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 28 firms, have a median of $140, 3.2% above the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About ServiceNow, Inc.
- Exchange
- NYSE
- Sector
- Information Technology
- Industry
- Computer Software
- Headquarters
- Santa Clara, California
- Website
- servicenow.com
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company was formerly known as Service-now.com.
In the same sector
Flow pages for other Information Technology names in the S&P 500:
NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for NOW with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open NOW in Options Sentiment Screener