What move does the options market price into Clover Health Investments's report?

Implied ±10.6%, either direction.

How often does Clover Health Investments move more than the options market prices?

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

CLOVNasdaqHospital & Medical Service Plans

Clover Health Investments, Corp. (CLOV) earnings date, market-implied expected move, and options open interest by expiry

4.64

+0.35 · +8.11%

Regular session11:28 ET

Open4.34Volume3.9MMkt cap$2.3B

Day4.34 – 4.64100%52-wk1.58 – 5.5976%

CLOV

Clover Health Investments, Corp.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.6%implied · straddle

8Q avg ±9.5%·×1.11·fair

3.844.74

spot 4.29exp Nov 6ATM strike 4.5ATM straddle 0.54IV 155%

Nov 3 close

Expected move

Inputs

Next report

Today

after close

confirmedQ3 FY26

Calendar

Next report

Last report

+12.56%

vs ±11.1% implied · ×1.14

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

16hGOOGL · supplierGoogle responds to political backlash over removing search from schools that ban AI
19hUNH · supplierUnitedHealth Group Q3 net earnings $4,300 million, EPS $4.56; nine-month net $16,451 million
1dAMZN · supplierBetterInvesting™ Magazine Update on Amazon.com and UnitedHealth Group

News

Largest filed tie

13F top-10 QoQ

+19.61%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

228 managers

Top fund weight

0.07%

CLOV weight · IWM

N-PORTJun 30 '26

3 funds

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

Clover Health Investments (CLOV) reports on Nov 4 after close (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

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

Aug 5 '24Aug 5 '24confirmed±17.5%▼−2.66%×0.15

Nov 6 '24Nov 6 '24confirmed±14.2%▼−15.63%×1.10

Feb 27 '25Feb 27 '25confirmed±10.1%▼−4.11%×0.41

May 6 '25May 6 '25confirmed±10.3%▲+12.54%×1.22

Q3 FY25Aug 5 '25confirmed±14.3%▼−20.70%×1.45

Q1 FY26Feb 26 '26confirmed±11.0%▼−2.79%×0.25

May 6 '26May 6 '26confirmed±12.3%▲+5.22%×0.43

Q2 FY26Aug 5 '26confirmed±11.1%▲+12.56%×1.14

quarterimplied−25%0+25%realized×

Q2 FY26±11.1%▲+12.56%×1.14

May '26±12.3%

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

Implied vs realized

Positioning

OI · 8 expiries · Nov 3 close

1.93OI · 8 expiries · Nov 3 closeP/C open interest · Nov 6 · first expiry after the report

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

17,367−20%Nov 62d8,977+37%

8,286+862%Nov 139d2.303,598+3%2.30

12,003+2%Nov 2016d0.3434,8710%0.34

725+31%Nov 2723d0.461,583+1%0.46

63+103%Dec 430d0.22290+1%0.22

3 later expiries

699+6%Dec 1844d0.84832+17%0.84

24,0060%Jan 1572d0.20

ExpiryPutsCallsP/C

Nov 62d17,367−20%8,977+37%1.93

Nov 139d8,286+862%3,598+3%2.30

Nov 2016d12,003+2%34,8710%0.34

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

Positioning

Linked exposure

scenario · straddle±10.6%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

UNH±1.9%×0.18

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

3.77%as filednet margin · revenue −0.80% QoQ · +55.60% YoY

Revenue$743M−0.80%

Pre-tax income$28M+2.44%

Net income$28M3.77%+2.44%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 11:15 ET

Intraday

Event sensitivity

PPI ×1.22· ±3.9% vs ±3.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.9%5 of 10×1.22

FOMCrate decision±3.8%8 of 24×1.20

CPIconsumer prices±3.5%7 of 10×1.09

NFPjobs report±3.3%5 of 10×1.03

GDPgross domestic product±2.7%8 of 19×0.85

CPROFcorporate profits±2.7%4 of 12×0.84

PCEpersonal income & outlays±2.7%8 of 19×0.84

Bar = avg |move| to ±4% · tick = ±3.2% avg day · ×base = |move| ÷ ±3.2% · min 6 releases

Earnings history

EPS 0.05 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.05	—
Q1 FY26	Feb 26 '26 · confirmed	0.05	—
Q3 FY25	Aug 5 '25 · confirmed	—	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod