The options market is pricing a ±6.8% (±$13.89) move for FANG's 2026-08-03 · after close report. Over its last 8 reports, FANG has actually moved ±1.8% on average (biggest: ±3.5%). That's a 0.27× realized-vs-implied ratio, so the options look overpriced — FANG has historically moved less than what's priced, which favors selling premium (iron condor / credit spreads) if you have an edge. It has exceeded the implied move in 0% of those prints, beaten EPS estimates 75% of the time (8 quarters), and the 1-day reaction has been negative 13% of the time (avg -1.2%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-05-04 | 3.55 | 4.23 | beat | ±5.8% | -3.5% | -8.2% |
| 2026-02-23 | 1.88 | 1.74 | miss | ±7.3% | -0.7% | +3% |
| 2025-11-03 | 2.85 | 3.08 | beat | ±6% | -1.3% | +2.4% |
| 2025-08-04 | 2.63 | 2.67 | beat | ±3.8% | -1.4% | -7.4% |
| 2025-05-05 | 4.09 | 4.54 | beat | ±4.2% | -0.8% | +7.4% |
| 2025-02-24 | 3.26 | 3.64 | beat | ±4.2% | -2.1% | -4.7% |
| 2024-11-04 | 3.80 | 3.38 | miss | ±4.1% | -2.3% | -0.4% |
| 2024-08-05 | 4.46 | 4.52 | beat | ±4.3% | +2.4% | +8.7% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
FANG is scheduled to report on 2026-08-03, after the close. Dates can shift until the company confirms.
The options market is pricing an expected move of about ±6.8% (±$13.89) for FANG's upcoming report — the size of the move the ATM straddle is pricing in.
Over its last 8 reports, FANG has beaten EPS estimates 75% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, FANG moved ±1.8% on average versus a ±6.8% implied move — a 0.27× ratio, so the options have been rich (it moves less than priced). It exceeded the implied move 0% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See FANG's positioning too: FANG gamma exposure → · FANG options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
