What move does the options market price into Hawaiian Electric Industries's report?

Implied ±6.5%, either direction.

How often does Hawaiian Electric Industries move more than the options market prices?

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

HENYSEElectric Services

Hawaiian Electric Industries Inc (HE) earnings date, market-implied expected move, and options open interest by expiry

8.76

pre 8.39 0.00%

Pre-market05:01 ETdelayed

Open8.39Volume2.5MMkt cap$1.4BP/E6.45EPS1.30

Day8.39 – 8.3950%52-wk8.15 – 17.383%

Hawaiian Electric Industries Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.5%implied · report alone

8Q avg ±3.9%·×1.67·rich

7.858.93

straddle ±10.6%

spot 8.39exp Nov 20ATM strike 7.5ATM straddle 1.05IV 52%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

after close · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−5.81%

vs ±5.5% implied · ×1.06

shaded = implied · ▲▼ = realized

Aug 7 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

Largest filed tie

13F top-10 QoQ

+2.42%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

338 managers

Top fund weight

0.07%

HE weight · IWM

N-PORTJun 30 '26

4 funds

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

Hawaiian Electric Industries (HE) is expected to report on Nov 6 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±6.2%
avg realized: ±3.9%

Nov 8 '24Nov 8 '24confirmed±7.0%▼−6.30%×0.89

Feb 21 '25Feb 21 '25confirmed±7.4%▲+2.23%×0.30

May 9 '25May 9 '25confirmed±5.4%▲+1.91%×0.35

Aug 7 '25Aug 7 '25confirmed±3.1%▼−2.26%×0.73

Q3 FY25Nov 7 '25confirmed±8.4%▼−3.20%×0.38

Q1 FY26Feb 27 '26confirmed±8.7%▲+3.23%×0.37

May 8 '26May 8 '26confirmed±3.8%▼−6.07%×1.58

Q2 FY26Aug 7 '26confirmed±5.5%▼−5.81%×1.06

quarterimplied−10%0+10%realized×

Q2 FY26±5.5%▼−5.81%×1.06

May '26±3.8%

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

Implied vs realized

Positioning

OI · 4 expiries · Nov 2 close

0.15OI · 4 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

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

166+21%Nov 2016d1,1200%

2,033+1%Dec 1844d0.533,856+3%0.53

23,1300%Jan 1572d0.3370,4000%0.33

306+1%Mar 19135d0.281,089+10%0.28

ExpiryPutsCallsP/C

Nov 2016d166+21%1,1200%0.15

Dec 1844d2,033+1%3,856+3%0.53

Jan 1572d23,1300%70,4000%0.33

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

Positioning

Linked exposure

scenario · straddle±10.6%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

13.11%as filednet margin · revenue +25.89% QoQ · +25.90% YoY

Revenue

$940M+25.89% QoQ

Gross profit

$940M+25.89% QoQ

100.00% margin

Operating income

$204M+282.59% QoQ

21.73% margin

Pre-tax income

$165M+326.67% QoQ

Net income

$123M+304.60% QoQ

13.11% margin

Operating expenses

$738M+6.67% QoQ

SG&A $735M

Other operating $4M

Other expense

$37M

Tax

$41M+409.24% QoQ

Revenue$940M+25.89%

Gross profit

$940M+25.89%

100.00% margin

Operating income

$204M+282.59%

21.73% margin

Pre-tax income

$165M+326.67%

Net income

$123M+304.60%

13.11% margin

Cost of revenue

Operating expenses

$738M+6.67%

SG&A $735M

Other operating $4M

Other expense

$37M

Tax$41M+409.24%

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 · 05:00 ET

Intraday

Event sensitivity

NFP ×1.02· ±2.1% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.1%3 of 10×1.02

FOMCrate decision±1.7%11 of 24×0.85

CPIconsumer prices±1.7%4 of 10×0.82

CPROFcorporate profits±1.2%7 of 12×0.61

GDPgross domestic product±1.1%11 of 19×0.54

PPIproducer prices±1.0%5 of 10×0.47

PCEpersonal income & outlays±0.9%10 of 19×0.44

Bar = avg |move| to ±3% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 0.71 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 7 '26 · confirmed	0.71	—
Q1 FY26	Feb 27 '26 · confirmed	0.18	—
Q3 FY25	Nov 7 '25 · confirmed	0.18	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod