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

Implied ±10.1%, either direction.

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

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

FLRNYSEHeavy Construction Other Than Bldg Const - Contractors

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

48.01

+1.63 · +3.51%

post 48.00 −0.02%

Closed17:58 ET

Open46.58Volume1.7MMkt cap$6.2BEPS-11.90

Day46.58 – 48.1789%52-wk39.33 – 58.3546%

FLR

Fluor Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.1%implied · report alone

8Q avg ±11.3%·×0.89·fair

43.1552.83

straddle ±11.7%

spot 47.99exp Nov 20ATM strike 47.5ATM straddle 6.60IV 80%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

+16.92%

vs ±11.3% implied · ×1.50

shaded = implied · ▲▼ = realized

Aug 7 '26 · confirmed

Implied vs realized

Linked news

8hMETC · customerRamaco Resources posts net loss of $18,235 thousand, revenue $150,089 thousand, Class A EPS $(0.32)

News

Largest filed tie

13F top-10 QoQ

−2.08%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

562 managers

Top fund weight

0.23%

FLR weight · IWM

N-PORTJun 30 '26

5 funds

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

Fluor (FLR) is expected to report on Nov 6 before open (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±9.9%
avg realized: ±11.3%

Nov 8 '24Nov 8 '24confirmed±6.3%▼−13.58%×2.14

Feb 18 '25Feb 18 '25confirmed±9.4%▼−8.41%×0.89

May 2 '25May 2 '25confirmed±10.2%▼−0.03%×0.00

Aug 1 '25Aug 1 '25confirmed±9.7%▼−27.04%×2.79

Q3 FY25Nov 7 '25confirmed±13.0%▲+2.56%×0.20

Feb 17 '26Feb 17 '26confirmed±8.6%▲+6.79%×0.79

Q1 FY26May 8 '26confirmed±10.3%▼−15.21%×1.47

Q2 FY26Aug 7 '26confirmed±11.3%▲+16.92%×1.50

quarterimplied−30%0+30%realized×

Q2 FY26±11.3%▲+16.92%×1.50

Q1 FY26±10.3%▼−15.21%×1.47

Feb '26±8.6%▲+6.79%×0.79

Q3 FY25±13.0%▲+2.56%×0.20

Aug '25±9.7%▼−27.04%×2.79

May '25±10.2%▼−0.03%×0.00

2 older reports

Feb '25±9.4%▼−8.41%×0.89

Nov '24±6.3%▼−13.58%×2.14

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

0.30OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

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

5,182+6%Nov 2016d17,410+1%

1,0050%Dec 1844d0.128,358+2%0.12

13,8350%Jan 1572d0.5724,1550%0.57

5,1090%Apr 16163d1.244,1050%1.24

ExpiryPutsCallsP/C

Nov 2016d5,182+6%17,410+1%0.30

Dec 1844d1,0050%8,358+2%0.12

Jan 1572d13,8350%24,1550%0.57

Apr 16163d5,1090%4,1050%1.24

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

Positioning

Linked exposure

scenario · straddle±11.7%

Funds 4

IWM±0.0%

MDY±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

2.84%as filednet margin · revenue +18.18% QoQ · +8.82% YoY

Revenue

$4.3B+18.18% QoQ

Gross profit

$179M+1276.92% QoQ

4.13% margin

Operating income

$135M+46.74% QoQ

3.12% margin

Pre-tax income

$156M+45.79% QoQ

Net income

$123M−25.45% QoQ

2.84% margin

Cost of revenue

$4.2B+13.70% QoQ

Operating expenses

$41M−32.79% QoQ

Tax

$25M+457.14% QoQ

Other income

$18M−88.39% QoQ

Revenue$4.3B+18.18%

Gross profit

$179M+1276.92%

4.13% margin

Operating income

$135M+46.74%

3.12% margin

Pre-tax income

$156M+45.79%

Net income

$123M−25.45%

2.84% margin

Cost of revenue

$4.2B+13.70%

Operating expenses

$41M−32.79%

Other income$18M−88.39%

Tax$25M+457.14%

flow · deduction · inflow · 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 · 17:45 ET

Intraday

Event sensitivity

NFP ×2.57· ±5.0% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±5.0%3 of 10×2.57

PCEpersonal income & outlays±1.8%9 of 19×0.95

GDPgross domestic product±1.8%11 of 19×0.92

FOMCrate decision±1.7%15 of 24×0.88

CPIconsumer prices±1.7%5 of 10×0.86

PPIproducer prices±1.6%5 of 10×0.83

CPROFcorporate profits±1.6%6 of 12×0.81

Bar = avg |move| to ±6% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 0.81 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 7 '26 · confirmed	0.81	—
Q1 FY26	May 8 '26 · confirmed	1.08	—
Q3 FY25	Nov 7 '25 · confirmed	-4.30	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod