What move does the options market price into Park Hotels & Resorts's report?

Implied ±9.7%, either direction.

PKNYSEHotels & Motels

Park Hotels & Resorts Inc. (PK) earnings date, market-implied expected move, and options open interest by expiry

16.60

−0.22 · −1.31%

post 16.60 +0.01%

Closed18:53 ET

Open16.73Mkt cap$3.3BEPS-0.83Div yield4.55%

Day16.38 – 16.7364%

Park Hotels & Resorts Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.7%implied · report alone

15.0018.20

straddle ±10.8%

spot 16.60exp Nov 20ATM strike 17.5ATM straddle 2.10IV 59%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

+2.86%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

20hHGV · customerHilton Grand Vacations starts $200 million ASR; initial delivery ~4.48 million shares
3dHLT · supplierHilton posts Q3 net income $536 million, diluted EPS $2.37; Adjusted EBITDA $1,058 million

News

Largest filed tie

13F top-10 QoQ

+11.21%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

398 managers

Top fund weight

0.15%

PK weight · VNQ

N-PORTJul 31 '26

6 funds

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

Park Hotels & Resorts (PK) is expected to report on Nov 3 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed—▲+2.86%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+2.86%—

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 28 close

0.28OI · 3 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

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

118+2%Nov 2020d417+62%

3,9880%Jan 1576d1.912,092+1%1.91

374+20%Apr 16167d0.58641+19%0.58

ExpiryPutsCallsP/C

Nov 2020d118+2%417+62%0.28

Jan 1576d3,9880%2,092+1%1.91

Apr 16167d374+20%641+19%0.58

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

Positioning

Linked exposure

scenario · straddle±10.8%

Funds 4

VNQ±0.0%

IWM±0.0%

MDY±0.0%

UWM±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.35%as filednet margin · revenue +9.32% QoQ · +1.19% YoY

Revenue

$680M+9.32% QoQ

Gross profit

$269M+17.98% QoQ

39.56% margin

Operating income

$95M+53.23% QoQ

13.97% margin

Pre-tax income

$55M+323.08% QoQ

Net income

$50M+316.67% QoQ

7.35% margin

Cost of revenue

$411M+4.31% QoQ

Operating expenses

$174M+4.82% QoQ

Depreciation $66M

SG&A $42M

Other operating $42M

Other operating $24M

Other expense

$40M

Tax

$5M+400.00% QoQ

Revenue$680M+9.32%

Gross profit

$269M+17.98%

39.56% margin

Operating income

$95M+53.23%

13.97% margin

Pre-tax income

$55M+323.08%

Net income

$50M+316.67%

7.35% margin

Cost of revenue

$411M+4.31%

Operating expenses

$174M+4.82%

Depreciation $66M

SG&A $42M

Other operating $42M

Other expense

$40M

Tax$5M+400.00%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:45 ET

Intraday

Event sensitivity

NFP ×1.12· ±1.7% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.7%7 of 10×1.12

FOMCrate decision±1.6%10 of 24×1.07

PPIproducer prices±1.5%7 of 10×1.02

CPROFcorporate profits±1.4%7 of 12×0.94

CPIconsumer prices±1.3%5 of 10×0.85

GDPgross domestic product±1.2%9 of 19×0.83

PCEpersonal income & outlays±1.0%10 of 19×0.65

Bar = avg |move| to ±2% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 0.24 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.24	—
Q1 FY26	—	0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod