What move does the options market price into Alphatec's report?

Implied ±21.3%, either direction · provisional.

How often does Alphatec move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

ATECNasdaqSurgical & Medical Instruments & Apparatus

Alphatec Holdings, Inc. (ATEC) earnings date, market-implied expected move, and options open interest by expiry

8.27

+0.80 · +10.75%

post 8.20 −0.88%

Closed19:02 ET

Open7.38Volume6.7MMkt cap$1.2BEPS-0.56

Day7.38 – 8.3585%52-wk6.81 – 23.298%

ATEC

Alphatec Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±21.3%implied · straddle

6.5210.04

spot 8.28exp Jan 15ATM strike 7.5ATM straddle 2.07IV 71%

Nov 4 closeprovisional

Expected move

Inputs

Next report

Jan 11

before open · in 68 days

est.Q4 FY26

Calendar

Next report

Last report

−38.08%

vs ±17.9% implied · ×2.12

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

+12.91%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

266 managers

Top fund weight

0.03%

ATEC weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Alphatec (ATEC) is expected to report on Jan 11 before open (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±17.3%
avg realized: ±19.4%

May 1 '25May 1 '25confirmed±16.6%▲+8.50%×0.51

Jul 31 '25Jul 31 '25confirmed±16.7%▲+30.15%×1.81

Oct 30 '25Oct 30 '25confirmed±20.8%▲+16.29%×0.78

Jan 12 '26Jan 12 '26confirmed±7.6%▼−22.34%×2.95

Feb 24 '26Feb 24 '26confirmed±20.5%▲+0.79%×0.04

Q1 FY26May 5 '26confirmed±20.8%▼−31.67%×1.52

Q2 FY26Aug 4 '26confirmed±17.9%▼−7.54%×0.42

Q3 FY26Oct 29 '26confirmed±17.9%▼−38.08%×2.12

quarterimplied−40%0+40%realized×

Q3 FY26±17.9%▼−38.08%×2.12

Q2 FY26±17.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

0.16OI · 4 expiries · Nov 3 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

875−40%Nov 2016d0.461,912+22%0.46

925−18%Dec 1844d0.641,439+10%0.64

report · Jan 11 · before open · est.

658−31%Jan 1572d4,1590%

114+1325%Apr 16163d0.36319+95%0.36

ExpiryPutsCallsP/C

Nov 2016d875−40%1,912+22%0.46

Dec 1844d925−18%1,439+10%0.64

report · Jan 11 · before open · est.

Jan 1572d658−31%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±21.3%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

−2.47%as filednet margin · revenue +3.59% QoQ · +12.55% YoY

Revenue$221M+3.59%

Gross profit$158M71.55%+2.69%

Operating income$3M1.47%+270.07%

Pre-tax income−$7M+70.87%

Net income−$5M−2.47%+78.78%

Cost of revenue$63M+5.91%

Operating expenses$155M−0.64%

Tax$2M+1178.21%

Other expense−$11M+54.84%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:00 ET

Intraday

Event sensitivity

CPI ×2.11· ±5.5% vs ±2.6% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±5.5%6 of 10×2.11

FOMCrate decision±2.8%13 of 24×1.07

GDPgross domestic product±2.4%9 of 19×0.91

CPROFcorporate profits±2.1%6 of 12×0.78

PCEpersonal income & outlays±1.9%10 of 19×0.72

PPIproducer prices±1.8%3 of 10×0.69

NFPjobs report±1.5%6 of 10×0.55

Bar = avg |move| to ±6% · tick = ±2.6% avg day · ×base = |move| ÷ ±2.6% · min 6 releases

Earnings history

EPS -0.03 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	-0.03	—
Q2 FY26	Aug 4 '26 · confirmed	-0.16	—
Q1 FY26	May 5 '26 · confirmed	-0.22	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod