What move does the options market price into Fidelity National Financial's report?

Implied ±8.8%, either direction.

FNFNYSETitle Insurance

Fidelity National Financial, Inc. (FNF) earnings date, market-implied expected move, and options open interest by expiry

40.50

+0.22 · +0.54%

post 40.49 −0.01%

Closed16:00 ET

Open40.88Volume3.8MMkt cap$10.9BP/E14.06EPS2.88Div yield5.13%

Day40.14 – 40.8848%52-wk37.88 – 56.4714%

FNF

Fidelity National Financial, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.8%implied · straddle

36.9444.08

spot 40.51exp Nov 20ATM strike 40ATM straddle 4.20IV 54%

Oct 30 close

Expected move

Inputs

Next report

Nov 5

after close · in 6 days

confirmedQ3 FY26

Calendar

Next report

Last report

+2.82%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

3dBX · supplierBlackstone prices $600 million 5.650% notes due 2031 and $500 million 5.900% notes due 2033

News

Largest filed tie

13F top-10 QoQ

+2.92%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

712 managers

Top fund weight

0.33%

FNF weight · MDY

N-PORTJun 30 '26

4 funds

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

Fidelity National Financial (FNF) reports on Nov 5 after close (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▲+2.82%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+2.82%—

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

11.02OI · 3 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

8,4660%Nov 2021d768+8%

2,438+2%Dec 1849d3.03804+11%3.03

2,550−3%Mar 19140d2.171,174+75%2.17

ExpiryPutsCallsP/C

Nov 2021d8,4660%768+8%11.02

Dec 1849d2,438+2%804+11%3.03

Mar 19140d2,550−3%1,174+75%2.17

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

Positioning

Linked exposure

scenario · straddle±8.8%

Funds 4

MDY±0.0%

SCHD±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

6.81%as filednet margin · revenue +25.57% QoQ · +11.44% YoY

Revenue

$4.1B+25.57% QoQ

Gross profit

$3.1B+28.64% QoQ

76.18% margin

Operating income

$1.6B+41.58% QoQ

39.00% margin

Pre-tax income

$338M−32.13% QoQ

Net income

$276M−14.02% QoQ

6.81% margin

Cost of revenue

$965M+16.69% QoQ

Operating expenses

$1.5B+17.38% QoQ

Other operating $827M

SG&A $460M

Depreciation $219M

Other expense

$1.2B

Tax

$63M−64.00% QoQ

Revenue$4.1B+25.57%

Gross profit

$3.1B+28.64%

76.18% margin

Operating income

$1.6B+41.58%

39.00% margin

Pre-tax income

$338M−32.13%

Net income

$276M−14.02%

6.81% margin

Cost of revenue

$965M+16.69%

Operating expenses

$1.5B+17.38%

Other operating $827M

SG&A $460M

Depreciation $219M

Other expense

$1.2B

Tax$63M−64.00%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.35· ±1.6% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.6%5 of 10×1.35

GDPgross domestic product±1.6%9 of 19×1.30

CPROFcorporate profits±1.4%6 of 12×1.18

PCEpersonal income & outlays±1.4%9 of 19×1.17

FOMCrate decision±1.3%11 of 24×1.10

PPIproducer prices±1.1%7 of 11×0.91

CPIconsumer prices±1.0%4 of 11×0.86

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 1.08 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	1.08	—
Q1 FY26	—	0.90	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod