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

Implied ±27.6%, either direction · provisional.

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

0 of the last 7 reports moved at least as far as the implied move.

BVSNasdaqSurgical & Medical Instruments & Apparatus

Bioventus Inc. (BVS) earnings date, market-implied expected move, and options open interest by expiry

10.94

−2.21 · −16.77%

post 10.95 +0.05%

Closed16:03 ET

Open10.50Volume681,375Mkt cap$1.1BP/E19.34

Day10.50 – 11.5642%52-wk6.47 – 15.8948%

BVS

Bioventus Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±27.6%implied · straddle

7.9313.96

spot 10.95exp Apr 16ATM strike 10ATM straddle 3.55IV 62%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Mar 12

before open · in 129 days

est.Q4 FY26

Calendar

Next report

Last report

−16.77%

shaded = implied · ▲▼ = realized

Nov 2 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+5.02%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

156 managers

Top fund weight

0.01%

BVS weight · IWM

N-PORTJun 30 '26

3 funds

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

Bioventus (BVS) is expected to report on Mar 12 before open (estimated date).

Implied vs realized

8 reports

0 of 7≥ implied

avg implied: ±19.8%
avg realized: ±13.2%

Mar 11 '25Mar 11 '25confirmed±25.8%▲+23.29%×0.90

May 6 '25May 6 '25confirmed±14.9%▼−11.81%×0.79

Aug 6 '25Aug 6 '25confirmed±25.2%▲+18.73%×0.74

Nov 4 '25Nov 4 '25confirmed±18.0%▲+15.09%×0.84

Q1 FY26Mar 5 '26confirmed±17.5%▲+7.44%×0.43

May 6 '26May 6 '26confirmed±17.1%▲+2.25%×0.13

Q2 FY26Aug 5 '26confirmed±19.9%▲+13.71%×0.69

Q3 FY26Nov 2 '26confirmed—▼−16.77%—

quarterimplied−30%0+30%realized×

Q3 FY26—▼−16.77%—

Q2 FY26±19.9%+13.71%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.05OI · 4 expiries · Oct 30 closeP/C open interest · Apr 16 · first expiry after the report

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

360%Nov 2017d0.13277+14%0.13

0—Dec 1845d0.00124+17%0.00

300%Jan 1573d0.021,6860%0.02

report · Mar 12 · before open · est.

270%Apr 16164d542+2%

ExpiryPutsCallsP/C

Nov 2017d360%277+14%0.13

Dec 1845d0—124+17%0.00

Jan 1573d300%1,6860%0.02

report · Mar 12 · before open · est.

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

Positioning

Linked exposure

scenario · straddle±27.6%

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

4.82%as filednet margin · revenue −7.03% QoQ · +2.73% YoY

Revenue

$142M−7.03% QoQ

Gross profit

$97M−8.08% QoQ

68.19% margin

Operating income

$10M−49.29% QoQ

6.81% margin

Pre-tax income

$6M−59.77% QoQ

Net income

$7M−81.06% QoQ

4.82% margin

Cost of revenue

$45M−4.69% QoQ

Operating expenses

$87M+1.03% QoQ

SG&A $83M

R&D $3M

Depreciation $1M

Other expense

$4M

Tax benefit

$701,000

Revenue$142M−7.03%

Gross profit

$97M−8.08%

68.19% margin

Operating income

$10M−49.29%

6.81% margin

Pre-tax income

$6M−59.77%

Net income

$7M−81.06%

4.82% margin

Cost of revenue

$45M−4.69%

Operating expenses

$87M+1.03%

SG&A $83M

R&D $3M

Depreciation $1M

Other expense

$4M

Tax benefit$701,000

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 26 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.03· ±2.6% vs ±2.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.6%11 of 24×1.03

NFPjobs report±2.5%6 of 10×1.00

PPIproducer prices±2.3%5 of 10×0.92

PCEpersonal income & outlays±1.7%9 of 19×0.68

GDPgross domestic product±1.5%8 of 19×0.57

CPROFcorporate profits±1.3%4 of 12×0.51

CPIconsumer prices±1.2%3 of 10×0.47

Bar = avg |move| to ±3% · tick = ±2.5% avg day · ×base = |move| ÷ ±2.5% · min 6 releases

Earnings history

EPS 0.08 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 2 '26 · confirmed	0.08	—
Q2 FY26	Aug 5 '26 · confirmed	0.47	—
Q1 FY26	Mar 5 '26 · confirmed	0.04	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod