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

Implied ±8.7%, either direction · provisional.

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

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

FENYSEElectric Services

Firstenergy Corp (FE) earnings date, market-implied expected move, and options open interest by expiry

47.63

pre 47.69 +0.13%

Pre-market04:13 ETdelayed

Open47.69Volume5.8MMkt cap$27.6BP/E22.82EPS2.09Div yield3.82%

Day47.69 – 47.6950%52-wk42.60 – 51.3059%

Firstenergy Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.7%implied · straddle

43.4751.79

spot 47.63exp Mar 19ATM strike 50ATM straddle 4.90IV 19%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Feb 16

after close · in 105 days

est.Q4 FY26

Calendar

Next report

Last report

+0.28%

vs ±3.3% implied · ×0.08

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+0.81%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

933 managers

Top fund weight

1.74%

FE weight · XLU

N-PORTJun 30 '26

10 funds

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

Firstenergy (FE) is expected to report on Feb 16 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±3.7%
avg realized: ±2.3%

Feb 26 '25Feb 26 '25confirmed±2.7%▼−10.48%×3.92

Apr 23 '25Apr 23 '25confirmed±5.3%▼−0.68%×0.13

Jul 30 '25Jul 30 '25confirmed±3.6%▲+2.20%×0.62

Oct 22 '25Oct 22 '25confirmed±5.2%▼−1.63%×0.31

Feb 17 '26Feb 17 '26confirmed±3.0%▼−0.83%×0.28

Q1 FY26Apr 28 '26confirmed±3.6%▼−1.29%×0.36

Q2 FY26Jul 28 '26confirmed±2.6%▼−1.05%×0.40

Q3 FY26Oct 27 '26confirmed±3.3%▲+0.28%×0.08

quarterimplied−15%0+15%realized×

Q3 FY26±3.3%▲+0.28%×0.08

Q2 FY26±2.6%

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

Implied vs realized

Positioning

OI · 5 expiries · Oct 26 close

1.85OI · 5 expiries · Oct 26 closeP/C open interest · Mar 19 · first expiry after the report

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

723+3%Nov 2017d0.079,9230%0.07

5,6660%Dec 1845d0.906,3080%0.90

8,8820%Jan 1573d0.7212,270+1%0.72

report · Feb 16 · after close · est.

860+3%Mar 19136d465+5%

1180%Apr 16164d0.363310%0.36

ExpiryPutsCallsP/C

Nov 2017d723+3%9,9230%0.07

Dec 1845d5,6660%6,3080%0.90

Jan 1573d8,8820%12,270+1%0.72

report · Feb 16 · after close · est.

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

Positioning

Linked exposure

scenario · straddle±8.7%

Funds 4

XLU±0.2%

RSP±0.0%

REVS±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

13.50%as filednet margin · revenue +23.90% QoQ · +9.86% YoY

Revenue

$4.6B+23.90% QoQ

Gross profit

$2.9B+22.49% QoQ

63.57% margin

Operating income

$935M+38.11% QoQ

20.52% margin

Pre-tax income

$684M+54.05% QoQ

Net income

$615M+74.72% QoQ

13.50% margin

Cost of revenue

$1.7B+26.43% QoQ

Operating expenses

$2.0B+16.23% QoQ

SG&A $1.3B

Depreciation $427M

Other operating $315M

Other expense

$251M

Tax

$69M−25.00% QoQ

Revenue$4.6B+23.90%

Gross profit

$2.9B+22.49%

63.57% margin

Operating income

$935M+38.11%

20.52% margin

Pre-tax income

$684M+54.05%

Net income

$615M+74.72%

13.50% margin

Cost of revenue

$1.7B+26.43%

Operating expenses

$2.0B+16.23%

SG&A $1.3B

Depreciation $427M

Other operating $315M

Other expense

$251M

Tax$69M−25.00%

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

Revenue flow

Intraday

No trades yet today.

Intraday

Event sensitivity

GDP ×1.63· ±1.3% vs ±0.8% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±1.3%10 of 19×1.63

NFPjobs report±1.2%5 of 10×1.42

PCEpersonal income & outlays±0.9%11 of 19×1.16

FOMCrate decision±0.9%9 of 24×1.13

CPIconsumer prices±0.9%7 of 10×1.07

CPROFcorporate profits±0.8%8 of 12×0.96

PPIproducer prices±0.8%5 of 10×0.92

Bar = avg |move| to ±2% · tick = ±0.8% avg day · ×base = |move| ÷ ±0.8% · min 6 releases

Earnings history

EPS 0.96 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	0.96	—
Q2 FY26	Jul 28 '26 · confirmed	0.50	—
Q1 FY26	Apr 28 '26 · confirmed	0.70	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod