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

Implied ±10.9%, either direction.

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

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

PGNYNasdaqServices-Misc Health & Allied Services, NEC

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

28.98

−0.43 · −1.47%

Regular session15:43 ET

Open29.55Volume1.4MMkt cap$2.3BP/E30.19EPS0.96

Day28.98 – 29.670%52-wk16.10 – 33.0776%

PGNY

Progyny, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.9%implied · report alone

8Q avg ±13.0%·×0.84·cheap

26.1932.63

straddle ±12.1%

spot 29.41exp Nov 20ATM strike 30ATM straddle 4.18IV 79%

Nov 2 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−6.98%

vs ±11.4% implied · ×0.61

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+1.36%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

308 managers

Top fund weight

0.06%

PGNY weight · IWM

N-PORTJun 30 '26

4 funds

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

Progyny (PGNY) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±11.3%
avg realized: ±13.0%

May 8 '25May 8 '25confirmed±11.0%▼−9.33%×0.85

Jul 8 '25Jul 8 '25confirmed±6.4%▲+13.15%×2.04

Aug 7 '25Aug 7 '25confirmed±10.9%▼−0.91%×0.08

Q3 FY25Nov 6 '25confirmed±12.2%▲+24.21%×1.98

Jan 12 '26Jan 12 '26confirmed±9.2%▲+5.30%×0.58

Q1 FY26Feb 26 '26confirmed±17.1%▼−20.49%×1.20

May 7 '26May 7 '26confirmed±12.3%▲+23.80%×1.93

Q2 FY26Aug 6 '26confirmed±11.4%▼−6.98%×0.61

quarterimplied−25%0+25%realized×

Q2 FY26±11.4%▼−6.98%×0.61

May '26±12.3%▲+23.80%×1.93

Q1 FY26±17.1%▼−20.49%×1.20

Jan '26±9.2%▲+5.30%×0.58

Q3 FY25±12.2%▲+24.21%×1.98

Aug '25±10.9%▼−0.91%×0.08

2 older reports

Jul '25±6.4%▲+13.15%×2.04

May '25±11.0%▼−9.33%×0.85

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 27 close

0.16OI · 2 expiries · Oct 27 closeP/C open interest · Nov 20 · first expiry after the report

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

551+1%Nov 2017d3,4780%

162+14%Feb 19108d0.121,3140%0.12

ExpiryPutsCallsP/C

Nov 2017d551+1%3,4780%0.16

Feb 19108d162+14%1,3140%0.12

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

Positioning

Linked exposure

scenario · straddle±12.1%

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 filedQ2 FY26

8.00%as filednet margin · revenue +6.70% QoQ · +5.30% YoY

Revenue

$351M+6.70% QoQ

Gross profit

$89M+7.50% QoQ

25.48% margin

Operating income

$40M+13.07% QoQ

11.41% margin

Pre-tax income

$41M+11.53% QoQ

Net income

$28M+15.76% QoQ

8.00% margin

Cost of revenue

$261M+6.43% QoQ

Operating expenses

$49M+3.37% QoQ

SG&A $31M

Marketing $18M

Tax

$13M+3.43% QoQ

Other income

$1M−24.60% QoQ

Revenue$351M+6.70%

Gross profit

$89M+7.50%

25.48% margin

Operating income

$40M+13.07%

11.41% margin

Pre-tax income

$41M+11.53%

Net income

$28M+15.76%

8.00% margin

Cost of revenue

$261M+6.43%

Operating expenses

$49M+3.37%

SG&A $31M

Marketing $18M

Other income$1M−24.60%

Tax$13M+3.43%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:30 ET

Intraday

Event sensitivity

NFP ×2.28· ±4.6% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.6%6 of 10×2.28

PPIproducer prices±3.0%4 of 10×1.51

CPIconsumer prices±2.8%5 of 10×1.37

CPROFcorporate profits±2.0%8 of 12×0.97

GDPgross domestic product±1.5%13 of 19×0.75

FOMCrate decision±1.3%12 of 24×0.65

PCEpersonal income & outlays±1.1%12 of 19×0.57

Bar = avg |move| to ±5% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 0.34 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.34	—
Q1 FY26	Feb 26 '26 · confirmed	0.29	—
Q3 FY25	Nov 6 '25 · confirmed	0.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod