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

Implied ±6.7%, either direction.

HHHNYSEReal Estate Investment Trusts

Howard Hughes Holdings Inc. (HHH) earnings date, market-implied expected move, and options open interest by expiry

76.28

+0.70 · +0.93%

post 76.27 −0.01%

Closed16:00 ET

Open75.40Volume893,077Mkt cap$4.6BP/E15.60EPS4.89

Day74.86 – 77.3158%52-wk60.09 – 91.0752%

HHH

Howard Hughes Holdings Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.7%implied · report alone

71.1481.32

straddle ±8.4%

spot 76.23exp Nov 20ATM strike 75ATM straddle 7.52IV 51%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

before open · in 10 days

est.Q3 FY26

Calendar

Next report

Last report

+3.59%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+84.71%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

304 managers

Top fund weight

0.10%

HHH weight · VNQ

N-PORTJul 31 '26

3 funds

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

Howard Hughes (HHH) is expected to report on Nov 9 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▲+3.59%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+3.59%—

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 23 close

2.27OI · 4 expiries · Oct 23 closeP/C open interest · Nov 20 · first expiry after the report

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

5,6080%Nov 2021d2,473+1%

1,2630%Dec 1849d0.841,503+1%0.84

3,6520%Jan 1577d1.302,8010%1.30

340+1%Apr 16168d0.271,2720%0.27

ExpiryPutsCallsP/C

Nov 2021d5,6080%2,473+1%2.27

Dec 1849d1,2630%1,503+1%0.84

Jan 1577d3,6520%2,8010%1.30

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

Positioning

Linked exposure

scenario · straddle±8.4%

Funds 3

VNQ±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

14.23%as filednet margin · revenue +358.61% QoQ · +510.44% YoY

Revenue$1.1B+358.61%

Pre-tax income$207M+1836.85%

Net income$157M14.23%+1846.15%

Tax$50M+1808.21%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

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

PCE ×1.34· ±1.8% vs ±1.4% · 20 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±1.8%9 of 20×1.34

GDPgross domestic product±1.8%10 of 20×1.31

FOMCrate decision±1.5%15 of 25×1.08

NFPjobs report±1.5%4 of 10×1.07

CPIconsumer prices±1.3%4 of 11×0.99

PPIproducer prices±1.3%6 of 11×0.95

CPROFcorporate profits±0.8%6 of 12×0.60

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 2.68 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	2.68	—
Q1 FY26	—	0.14	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod