How often does Cboe Global Markets move more than the options market prices?

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

CBOECBOESecurity & Commodity Brokers, Dealers, Exchanges & Services

Cboe Global Markets, Inc. (CBOE) earnings date, market-implied expected move, and options open interest by expiry

349.84

+5.56 · +1.62%

Regular session09:30 ET

Open343.05Volume1.2MMkt cap$35.9BP/E24.81EPS14.10Div yield0.88%

Day343.05 – 350.0397%52-wk226.52 – 369.3886%

CBOE

Cboe Global Markets, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 5

before open · in 93 days

est.Q4 FY26

Calendar

Next report

Last report

+6.77%

vs ±3.5% implied · ×1.93

shaded = implied · ▲▼ = realized

Oct 30 '26 · confirmed

Implied vs realized

Largest filed tie

57.00%

of CBOE revenue · Top ten customers

customerCBOE 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−0.50%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

993 managers

Top fund weight

0.33%

CBOE weight · XLF

N-PORTJun 30 '26

11 funds

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

Cboe Global Markets (CBOE) is expected to report on Feb 5 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±2.8%
avg realized: ±4.0%

Feb 7 '25Feb 7 '25confirmed±2.3%▲+2.01%×0.89

May 2 '25May 2 '25confirmed±2.3%▲+2.34%×1.00

Aug 1 '25Aug 1 '25confirmed±2.5%▲+2.80%×1.12

Oct 31 '25Oct 31 '25confirmed±2.3%▲+3.73%×1.62

Feb 6 '26Feb 6 '26confirmed±1.9%▼−0.70%×0.37

Q1 FY26May 1 '26confirmed±2.2%▲+8.95%×4.10

Q2 FY26Jul 31 '26confirmed±5.1%▲+4.62%×0.91

Q3 FY26Oct 30 '26confirmed±3.5%▲+6.77%×1.93

quarterimplied−10%0+10%realized×

Q3 FY26±3.5%▲+6.77%×1.93

Q2 FY26±5.1%

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

Implied vs realized

Positioning

OI · 9 expiries · Oct 30 close

0.64OI · 9 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

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

6 nearer expiries

398+46%Nov 62d1.55257+8%1.55

319+1%Nov 139d1.36235+10%1.36

3,628+2%Nov 2016d0.953,828+1%0.95

62+9%Nov 2723d0.46135+2%0.46

30−3%Dec 430d0.97310%0.97

0—Dec 1137d—0——

3,1620%Dec 1844d0.913,4680%0.91

5,6340%Jan 1572d0.5510,241−1%0.55

report · Feb 5 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 62d398+46%257+8%1.55

Nov 139d319+1%235+10%1.36

Nov 2016d3,628+2%3,828

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

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

31.51%as filednet margin · revenue −5.82% QoQ · +19.02% YoY

Revenue

$1.4B−5.82% QoQ

Gross profit

$712M−2.65% QoQ

52.41% margin

Operating income

$534M+12.25% QoQ

39.32% margin

Pre-tax income

$555M+12.09% QoQ

Net income

$428M+21.27% QoQ

31.51% margin

Cost of revenue

$647M−9.08% QoQ

Operating expenses

$249M−2.43% QoQ

SG&A $206M

Depreciation $28M

Other operating $15M

Other operating $1M

Tax

$126M−10.81% QoQ

Other income

$92M+390.37% QoQ

Revenue$1.4B−5.82%

Gross profit

$712M−2.65%

52.41% margin

Operating income

$534M+12.25%

39.32% margin

Pre-tax income

$555M+12.09%

Net income

$428M+21.27%

31.51% margin

Cost of revenue

$647M−9.08%

Operating expenses

$249M−2.43%

SG&A $206M

Depreciation $28M

Other operating $15M

Other income$92M+390.37%

Tax$126M−10.81%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 09:30 ET

Intraday

Event sensitivity

CPI ×1.31· ±1.6% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.6%6 of 10×1.31

GDPgross domestic product±1.5%12 of 19×1.21

CPROFcorporate profits±1.4%7 of 12×1.17

PCEpersonal income & outlays±1.4%10 of 19×1.15

PPIproducer prices±1.4%6 of 10×1.11

FOMCrate decision±1.2%11 of 24×1.01

NFPjobs report±1.2%5 of 10×1.00

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 4.08 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 30 '26 · confirmed	4.08	—
Q2 FY26	Jul 31 '26 · confirmed	3.35	—
Q1 FY26	May 1 '26 · confirmed	3.66	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod