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

Implied ±13.0%, either direction.

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

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

INVANasdaqPharmaceutical Preparations

Innoviva, Inc. (INVA) earnings date, market-implied expected move, and options open interest by expiry

20.95

−0.07 · −0.33%

post 20.61 −1.62%

After hours16:05 ETdelayed

Open20.77Volume1.1MMkt cap$1.5BP/E4.02EPS5.13

Day20.61 – 21.310%52-wk17.84 – 25.1538%

INVA

Innoviva, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.0%implied · report alone

8Q avg ±3.0%·×4.26·rich

18.2223.64

straddle ±13.0%

spot 20.93exp Nov 20ATM strike 20ATM straddle 3.20IV 90%

Nov 3 closereport share · term structurethin chain

Expected move

Inputs

Next report

Nov 4

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+2.93%

vs ±5.8% implied · ×0.51

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

1dGSK · supplierGSK total voting rights 4,045,439,182

News

Largest filed tie

13F top-10 QoQ

+2.93%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

306 managers

Top fund weight

0.05%

INVA weight · IWM

N-PORTJun 30 '26

4 funds

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

Innoviva (INVA) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±10.5%
avg realized: ±3.0%

Nov 6 '24Nov 6 '24confirmed±11.0%▲+0.40%×0.04

Feb 26 '25Feb 26 '25confirmed±15.4%▼−1.96%×0.13

May 7 '25May 7 '25confirmed±22.9%▼−0.85%×0.04

Aug 6 '25Aug 6 '25confirmed±6.4%▲+1.15%×0.18

Q3 FY25Nov 5 '25confirmed±7.9%▲+12.89%×1.62

Q1 FY26Feb 25 '26confirmed±8.8%▼−2.89%×0.33

May 6 '26May 6 '26confirmed±6.2%▲+1.24%×0.20

Q2 FY26Aug 5 '26confirmed±5.8%▲+2.93%×0.51

quarterimplied−25%0+25%realized×

Q2 FY26±5.8%▲+2.93%×0.51

May '26±6.2%

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 2 close

0.42OI · 3 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

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

1200%Nov 2017d2890%

2470%Dec 1845d0.251,001+1%0.25

4400%Mar 19136d1.04425+1%1.04

ExpiryPutsCallsP/C

Nov 2017d1200%2890%0.42

Dec 1845d2470%1,001+1%0.25

Mar 19136d4400%425+1%1.04

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

Positioning

Linked exposure

scenario · straddle±13.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Customers 1

GSK±4.2%×0.32

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

−69.75%as filednet margin · revenue +22.04% QoQ · +19.25% YoY

Revenue$120M+22.04%

Gross profit$91M75.77%+19.49%

Operating income$51M42.52%+33.29%

Pre-tax income−$108M−146.05%

Net income−$83M−69.75%−144.71%

Cost of revenue$29M+30.75%

Operating expenses$40M+5.53%

Tax−$25M−151.28%

Other expense−$159M−180.89%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.32· ±1.4% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.4%5 of 10×1.32

CPROFcorporate profits±1.4%7 of 12×1.28

NFPjobs report±1.2%4 of 10×1.12

PCEpersonal income & outlays±1.1%10 of 19×1.04

GDPgross domestic product±1.1%9 of 19×1.01

CPIconsumer prices±0.9%8 of 10×0.84

FOMCrate decision±0.8%12 of 24×0.70

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS -1.14 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	-1.14	—
Q1 FY26	Feb 25 '26 · confirmed	2.22	—
Q3 FY25	Nov 5 '25 · confirmed	1.08	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod