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

Implied ±29.1%, either direction · provisional.

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

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

NVCRNasdaqSurgical & Medical Instruments & Apparatus

NovoCure Ltd (NVCR) earnings date, market-implied expected move, and options open interest by expiry

13.20

−0.01 · −0.05%

post 13.44 +1.80%

Closed15:59 ET

Open13.27Volume1.6MMkt cap$1.5BEPS-1.06

Day13.27 – 13.5172%52-wk9.82 – 21.4531%

NVCR

NovoCure Ltd

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±29.1%implied · straddle

9.5217.34

spot 13.43exp Jan 15ATM strike 13ATM straddle 4.60IV 99%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Jan 11

before open · in 68 days

est.Q4 FY26

Calendar

Next report

Last report

−7.48%

vs ±17.7% implied · ×0.42

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

−0.02%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

216 managers

Top fund weight

0.05%

NVCR weight · IWM

N-PORTJun 30 '26

4 funds

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

NovoCure (NVCR) is expected to report on Jan 11 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±14.8%
avg realized: ±13.3%

Apr 24 '25Apr 24 '25confirmed±10.7%▲+4.39%×0.41

Jul 24 '25Jul 24 '25confirmed±10.1%▼−24.05%×2.37

Oct 30 '25Oct 30 '25confirmed±12.8%▼−4.90%×0.38

Jan 12 '26Jan 12 '26confirmed±11.9%▼−1.18%×0.10

Feb 26 '26Feb 26 '26confirmed±18.5%▼−8.27%×0.45

Q1 FY26Apr 30 '26confirmed±20.4%▲+27.49%×1.35

Q2 FY26Jul 23 '26confirmed±16.4%▲+28.39%×1.74

Q3 FY26Oct 29 '26confirmed±17.7%▼−7.48%×0.42

quarterimplied−30%0+30%realized×

Q3 FY26±17.7%▼−7.48%×0.42

Q2 FY26±16.4%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.04OI · 4 expiries · Oct 30 closeP/C open interest · Jan 15 · first expiry after the report

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

1,579+5%Nov 2016d1.081,463+8%1.08

169+1%Dec 1844d0.171,022+1%0.17

report · Jan 11 · before open · est.

527−1%Jan 1572d14,3520%

650%Mar 19135d0.061,1780%0.06

ExpiryPutsCallsP/C

Nov 2016d1,579+5%1,463+8%1.08

Dec 1844d169+1%1,022+1%0.17

report · Jan 11 · before open · est.

Jan 1572d527−1%

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

Positioning

Linked exposure

scenario · straddle±29.1%

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 filedQ3 FY26

−5.40%as filednet margin · revenue +5.35% QoQ · +15.67% YoY

Revenue$193M+5.35%

Gross profit$149M76.98%+4.49%

Operating income−$6M−3.19%+41.57%

Pre-tax income−$8M+36.72%

Net income−$10M−5.40%+33.36%

Cost of revenue$45M+8.33%

Operating expenses$155M+1.31%

Tax$3M−20.31%

Other expense−$2M+9.58%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

NFP ×1.42· ±4.5% vs ±3.1% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.5%5 of 10×1.42

PCEpersonal income & outlays±3.3%12 of 19×1.06

GDPgross domestic product±3.3%10 of 19×1.04

CPIconsumer prices±3.2%3 of 10×1.02

FOMCrate decision±2.3%9 of 24×0.73

PPIproducer prices±2.3%5 of 10×0.73

CPROFcorporate profits±1.6%8 of 12×0.51

Bar = avg |move| to ±5% · tick = ±3.1% avg day · ×base = |move| ÷ ±3.1% · min 6 releases

Earnings history

EPS -0.09 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	-0.09	—
Q2 FY26	Jul 23 '26 · confirmed	-0.13	—
Q1 FY26	Apr 30 '26 · confirmed	-0.62	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod