CLOV as of Nov 1 · 02:28 ET

CLOVNasdaqHospital & Medical Service Plans

Clover Health Investments, Corp. · Brief

Next report

3 days

Nov 4 · after closeconfirmedQ3 FY26

Earnings

Expected move

Inputs

±9.7%implied · report alone

4.034.89

straddle ±11.3%

spot 4.46exp Nov 6ATM strike 4.5ATM straddle 0.60IV 120%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

4 of 8≥ implied

avg implied: ±12.6%
avg realized: ±9.5%

Aug 5 '24±17.5%▼−2.66%×0.15

Nov 6 '24±14.2%▼−15.63%×1.10

Feb 27 '25±10.1%▼−4.11%×0.41

May 6 '25±10.3%▲+12.54%×1.22

Q3 FY25±14.3%▼−20.70%×1.45

Q1 FY26±11.0%▼−2.79%×0.25

May 6 '26±12.3%▲+5.22%×0.43

Q2 FY26±11.1%▲+12.56%×1.14

quarterimplied−25%0+25%realized×

Q2 FY26±11.1%▲+12.56%×1.14

May '26±12.3%▲+5.22%×0.43

Q1 FY26±11.0%▼−2.79%×0.25

Q3 FY25±14.3%▼−20.70%×1.45

May '25±10.3%▲+12.54%×1.22

Feb '25±10.1%▼−4.11%×0.41

2 older reports

Nov '24±14.2%▼−15.63%×1.10

Aug '24±17.5%▼−2.66%×0.15

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

Bull & bear

Nov 4 report · confirmed

Bull2 of 3

+19.61%largest reporting managers increased shares held over the latest quarter13F · Jun 30 '26

228managers report positions in the latest quarterly filings13F · Jun 30 '26

Bear2 of 3

4 of 8recent moves came in below the options implied rangeEarnings history

4 of 21some largest reporting managers trimmed their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 12 '26once per report · top 2 per case

Linked exposure

CLOV report session

Suppliers 1

UNHUnitedHealth Group Change Healthcare×0.18

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 21impliedImplied move: ±11.5% into Nov 4 earnings (Oct 21 close).Source

Oct 7report dateEarnings date confirmed: Nov 4, after close.Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.