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

Implied ±9.9%, either direction · provisional.

How often does PPG Industries move more than the options market prices?

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

PPGNYSEPaints, Varnishes, Lacquers, Enamels & Allied Prods

PPG Industries Inc (PPG) earnings date, market-implied expected move, and options open interest by expiry

121.81

−3.08 · −2.46%

Regular session11:53 ET

Open124.74Volume2.7MMkt cap$27.6BDiv yield2.30%

Day121.81 – 125.460%52-wk91.35 – 130.9977%

PPG

PPG Industries Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.9%implied · straddle

112.48137.30

spot 124.89exp Feb 19ATM strike 125ATM straddle 14.60IV 27%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Jan 26

after close · in 84 days

est.Q4 FY26

Calendar

Next report

Last report

+4.41%

vs ±3.9% implied · ×1.13

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

5dOLED · customerUniversal Display posts net income $78,946 thousand, diluted EPS $1.72; revenue $160,432 thousand

News

Largest filed tie

13F top-10 QoQ

−0.17%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

1,100 managers

Top fund weight

3.62%

PPG weight · XLB

N-PORTJun 30 '26

11 funds

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

PPG Industries (PPG) is expected to report on Jan 26 after close (estimated date).

Implied vs realized

8 reports

7 of 8≥ implied

avg implied: ±3.6%
avg realized: ±4.6%

Apr 29 '25Apr 29 '25confirmed±3.1%▲+4.86%×1.57

Jul 29 '25Jul 29 '25confirmed±4.7%▼−5.33%×1.13

Oct 28 '25Oct 28 '25confirmed±3.9%▼−5.87%×1.50

Jan 27 '26Jan 27 '26confirmed±3.1%▲+3.34%×1.08

Q1 FY26Apr 15 '26confirmed±2.9%▲+4.12%×1.43

Apr 28 '26Apr 28 '26confirmed±4.5%▼−2.78%×0.62

Q2 FY26Jul 28 '26confirmed±3.0%▼−6.03%×2.00

Q3 FY26Oct 27 '26confirmed±3.9%▲+4.41%×1.13

quarterimplied−10%0+10%realized×

Q3 FY26±3.9%▲+4.41%×1.13

Q2 FY26±3.0%▼−6.03%×2.00

Apr '26±4.5%▼−2.78%×0.62

Q1 FY26±2.9%▲+4.12%×1.43

Jan '26±3.1%▲+3.34%×1.08

Oct '25±3.9%▼−5.87%×1.50

2 older reports

Jul '25±4.7%▼−5.33%×1.13

Apr '25±3.1%▲+4.86%×1.57

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

Implied vs realized

Positioning

OI · 8 expiries · Oct 30 close

0.95OI · 8 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

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

4 nearer expiries

126+125%Nov 63d0.27470+28%0.27

163+202%Nov 1310d0.34486+13%0.34

766+12%Nov 2017d0.421,834+14%0.42

31+933%Nov 2724d0.5358+66%0.53

1,121+14%Dec 1845d0.412,733+5%0.41

1,061+4%Jan 1573d0.264,143+2%0.26

report · Jan 26 · after close · est.

528+46%Feb 19108d5540%

197+6%Mar 19136d0.41486+50%0.41

ExpiryPutsCallsP/C

4 nearer expiries

Nov 63d126+125%470+28%0.27

Nov 1310d163+202%486+13%0.34

Nov 2017d766+12%1,834+14%0.42

Nov 2724d31+933%58+66%0.53

Dec 1845d1,121+14%2,733+5%0.41

Jan 1573d1,061+4%4,143+2%0.26

report · Jan 26 · after close · est.

Feb 19108d528+46%5540%0.95

Mar 19136d197+6%486+50%0.41

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

Positioning

Linked exposure

scenario · straddle±9.9%

Funds 4

XLB±0.4%

REVS±0.0%

RSP±0.0%

VIG±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

10.48%as filednet margin · revenue −3.16% QoQ · +6.64% YoY

Revenue

$4.4B−3.16% QoQ

Gross profit

$1.8B−2.43% QoQ

40.52% margin

Operating income

$653M+9.20% QoQ

15.00% margin

Pre-tax income

$631M+10.90% QoQ

Net income

$456M+3.64% QoQ

10.48% margin

Cost of revenue

$2.6B−3.65% QoQ

Operating expenses

$1.1B−8.18% QoQ

SG&A $876M

Depreciation $108M

R&D $106M

Other operating $21M

Other expense

$22M

Tax

$153M+20.47% QoQ

Revenue$4.4B−3.16%

Gross profit

$1.8B−2.43%

40.52% margin

Operating income

$653M+9.20%

15.00% margin

Pre-tax income

$631M+10.90%

Net income

$456M+3.64%

10.48% margin

Cost of revenue

$2.6B−3.65%

Operating expenses

$1.1B−8.18%

SG&A $876M

Depreciation $108M

R&D $106M

Other expense

$22M

Tax$153M+20.47%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 11:45 ET

Intraday

Event sensitivity

FOMC ×1.56· ±1.9% vs ±1.2% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.9%10 of 24×1.56

NFPjobs report±1.7%8 of 10×1.41

GDPgross domestic product±1.6%12 of 20×1.35

PPIproducer prices±1.5%6 of 11×1.22

PCEpersonal income & outlays±1.4%12 of 20×1.15

CPROFcorporate profits±1.1%5 of 12×0.88

CPIconsumer prices±1.0%4 of 11×0.82

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 2.02 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	2.02	—
Q2 FY26	Jul 28 '26 · confirmed	1.95	—
Q1 FY26	Apr 15 '26 · confirmed	1.70	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod