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

Implied ±14.0%, either direction.

How often does Eton Pharmaceuticals move more than the options market prices?

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

ETONNasdaqPharmaceutical Preparations

Eton Pharmaceuticals, Inc. (ETON) earnings date, market-implied expected move, and options open interest by expiry

49.84

−1.11 · −2.17%

Regular session10:53 ET

Open50.60Volume340,602Mkt cap$1.5BP/E106.05EPS0.47

Day49.85 – 53.800%52-wk14.27 – 66.3768%

ETON

Eton Pharmaceuticals, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.0%implied · report alone

8Q avg ±12.1%·×1.16·rich

43.8058.10

straddle ±16.9%

spot 50.95exp Nov 20ATM strike 50ATM straddle 10.15IV 117%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+44.26%

vs ±10.6% implied · ×4.19

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Largest filed tie

84.60%

of ETON revenue · AnovoRx

customerETON 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+6.64%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

164 managers

Top fund weight

0.03%

ETON weight · IWM

N-PORTJun 30 '26

3 funds

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

Eton Pharmaceuticals (ETON) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±12.9%
avg realized: ±12.1%

Nov 12 '24Nov 12 '24confirmed±14.2%▲+15.59%×1.10

Mar 18 '25Mar 18 '25confirmed±11.7%▼−3.99%×0.34

May 13 '25May 13 '25confirmed±14.0%▲+0.29%×0.02

Aug 7 '25Aug 7 '25confirmed±17.1%▲+12.32%×0.72

Q3 FY25Nov 6 '25confirmed±18.1%▼−11.70%×0.64

Q1 FY26Mar 19 '26confirmed±10.6%▲+7.46%×0.70

May 14 '26May 14 '26confirmed±6.6%▲+1.00%×0.15

Q2 FY26Aug 13 '26confirmed±10.6%▲+44.26%×4.19

quarterimplied−45%0+45%realized×

Q2 FY26±10.6%▲+44.26%×4.19

May '26±6.6%

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 29 close

0.28OI · 2 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

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

854−16%Nov 2016d3,0560%

814+21%Feb 19107d0.491,668+9%0.49

ExpiryPutsCallsP/C

Nov 2016d854−16%3,0560%0.28

Feb 19107d814+21%1,668+9%0.49

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

Positioning

Linked exposure

scenario · straddle±16.9%

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 filedQ2 FY26

30.80%as filednet margin · revenue +54.90% QoQ · +98.59% YoY

Revenue

$38M+54.90% QoQ

Gross profit

$25M+72.47% QoQ

67.61% margin

Operating income

$13M+429.99% QoQ

34.04% margin

Pre-tax income

$12M+644.47% QoQ

Net income

$12M+645.05% QoQ

30.80% margin

Cost of revenue

$12M+27.75% QoQ

Operating expenses

$13M+2.42% QoQ

SG&A $12M

R&D $993,000

Other expense

$1M

Tax

$140,000+600.00% QoQ

Revenue$38M+54.90%

Gross profit

$25M+72.47%

67.61% margin

Operating income

$13M+429.99%

34.04% margin

Pre-tax income

$12M+644.47%

Net income

$12M+645.05%

30.80% margin

Cost of revenue

$12M+27.75%

Operating expenses

$13M+2.42%

SG&A $12M

R&D $993,000

Other expense

$1M

Tax$140,000+600.00%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 10:45 ET

Intraday

Event sensitivity

NFP ×1.30· ±3.4% vs ±2.7% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.4%4 of 10×1.30

CPROFcorporate profits±2.7%6 of 12×1.02

PCEpersonal income & outlays±2.4%10 of 19×0.92

GDPgross domestic product±2.3%11 of 19×0.85

FOMCrate decision±2.2%16 of 24×0.82

PPIproducer prices±2.2%5 of 10×0.82

CPIconsumer prices±1.6%6 of 10×0.61

Bar = avg |move| to ±4% · tick = ±2.7% avg day · ×base = |move| ÷ ±2.7% · min 6 releases

Earnings history

EPS 0.35 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 13 '26 · confirmed	0.35	—
Q1 FY26	Mar 19 '26 · confirmed	0.05	—
Q3 FY25	Nov 6 '25 · confirmed	-0.07	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod