What move does the options market price into Praxis Precision Medicines's report?

Implied ±16.3%, either direction.

How often does Praxis Precision Medicines move more than the options market prices?

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

PRAXNasdaqPharmaceutical Preparations

Praxis Precision Medicines, Inc. (PRAX) earnings date, market-implied expected move, and options open interest by expiry

289.04

Closed19:51 ET

Open286.91Volume306,554Mkt cap$8.0BEPS-11.64

Day281.70 – 290.0888%52-wk154.45 – 392.7056%

PRAX

Praxis Precision Medicines, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.3%implied · straddle

239.31332.55

spot 285.93exp Nov 20ATM strike 290ATM straddle 54.85IV 100%

Oct 30 close

Expected move

Inputs

Next report

Nov 4

before open · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

+15.95%

vs ±9.4% implied · ×1.69

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

11dIONS · supplierSevere Hypertriglyceridemia Market Set for Growth During the Forecast Period (2026-2036) Following Approval of Ionis' TRYNGOLZA and Emergence of Novel Therapies | DelveInsight

News

Largest filed tie

13F top-10 QoQ

+0.75%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

314 managers

Top fund weight

1.29%

PRAX weight · XBI

N-PORTJun 30 '26

5 funds

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

Praxis Precision Medicines (PRAX) is expected to report on Nov 4 before open (estimated date).

Implied vs realized

8 reports

2 of 7≥ implied

avg implied: ±17.0%
avg realized: ±10.5%

Nov 6 '24Nov 6 '24confirmed—▼−1.18%—

Feb 28 '25Feb 28 '25confirmed±39.6%▼−40.64%×1.03

May 2 '25May 2 '25confirmed±12.4%▲+5.73%×0.46

Aug 4 '25Aug 4 '25confirmed±30.4%▼−5.55%×0.18

Q3 FY25Nov 5 '25confirmed±12.1%▼−4.14%×0.34

Feb 19 '26Feb 19 '26confirmed±7.3%▲+0.81%×0.11

Q1 FY26May 7 '26confirmed±7.4%▼−0.98%×0.13

Q2 FY26Aug 6 '26confirmed±9.4%▲+15.95%×1.69

quarterimplied−45%0+45%realized×

Q2 FY26±9.4%▲+15.95%×1.69

Q1 FY26±7.4%▼−0.98%×0.13

Feb '26±7.3%▲+0.81%×0.11

Q3 FY25±12.1%▼−4.14%×0.34

Aug '25±30.4%▼−5.55%×0.18

May '25±12.4%▲+5.73%×0.46

2 older reports

Feb '25±39.6%▼−40.64%×1.03

Nov '24—▼−1.18%—

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

0.31OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

531+1%Nov 2020d1,720+54%

3,3850%Dec 1848d1.692,000+2%1.69

3830%Jan 1576d0.45843−4%0.45

3,427+22%Feb 19111d0.645,3830%0.64

ExpiryPutsCallsP/C

Nov 2020d531+1%1,720+54%0.31

Dec 1848d3,3850%2,000+2%1.69

Jan 1576d3830%843−4%0.45

Feb 19111d3,427+22%5,3830%0.64

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

Positioning

Linked exposure

scenario · straddle±16.3%

Funds 4

XBI±0.2%

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY24

−786.27%derived from FYnet margin · revenue +2371.19% QoQ · +1349.13% YoY

Revenue$7M+2371.19%

Gross profit$7M100.00%+2371.19%

Operating income−$64M−856.97%−12.53%

Pre-tax income−$59M−13.04%

Net income−$59M−786.27%−13.04%

Operating expenses$71M+25.00%

Other income$5M+7.15%

Derived: FY − Q1–Q3 · QE Dec 31 '24 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:45 ET

Intraday

Event sensitivity

PCE ×1.59· ±6.1% vs ±3.8% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±6.1%10 of 19×1.59

PPIproducer prices±3.4%4 of 10×0.90

FOMCrate decision±3.4%14 of 24×0.88

CPIconsumer prices±3.0%5 of 10×0.79

GDPgross domestic product±2.6%12 of 19×0.68

CPROFcorporate profits±2.3%8 of 12×0.61

NFPjobs report±1.5%3 of 10×0.41

Bar = avg |move| to ±7% · tick = ±3.8% avg day · ×base = |move| ÷ ±3.8% · min 6 releases

Earnings history

EPS -2.87 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	-2.87	—
Q1 FY26	May 7 '26 · confirmed	-3.20	—
Q3 FY25	Nov 5 '25 · confirmed	-3.36	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod