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

Implied ±8.3%, either direction.

PRMBNYSEBeverages

Primo Brands Corp (PRMB) earnings date, market-implied expected move, and options open interest by expiry

19.74

Closed16:00 ET

Open19.50Volume4.1MMkt cap$7.2BP/E70.50EPS0.28Div yield2.33%

Day19.40 – 19.74100%52-wk14.04 – 26.0847%

PRMB

Primo Brands Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.3%implied · report alone

18.1021.38

straddle ±9.7%

spot 19.74exp Nov 20ATM strike 20ATM straddle 2.25IV 59%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 5 days

confirmedQ3 FY26

Calendar

Next report

Last report

+8.72%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−3.36%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

383 managers

Top fund weight

0.01%

PRMB weight · VTI

N-PORTJun 30 '26

2 funds

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

Primo Brands (PRMB) reports on Nov 5 before open (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▲+8.72%—

quarterimplied−10%0+10%realized×

Q2 FY26—▲+8.72%—

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 29 close

0.00OI · 4 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

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

68+3%Nov 2020d41,789+2%

1,283+3%Dec 1848d1.697580%1.69

1,2120%Jan 1576d0.393,0760%0.39

4160%Apr 16167d2.48168+25%2.48

ExpiryPutsCallsP/C

Nov 2020d68+3%41,789+2%0.00

Dec 1848d1,283+3%7580%1.69

Jan 1576d1,2120%3,0760%0.39

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

Positioning

Linked exposure

scenario · straddle±9.7%

Funds 2

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

3.85%as filednet margin · revenue +10.46% QoQ · +3.82% YoY

Revenue

$1.8B+10.46% QoQ

Gross profit

$549M+18.03% QoQ

30.55% margin

Operating income

$180M+30.65% QoQ

10.04% margin

Pre-tax income

$97M+137.99% QoQ

Net income

$69M+153.48% QoQ

3.85% margin

Cost of revenue

$1.2B+7.43% QoQ

Operating expenses

$368M+12.70% QoQ

SG&A $346M

Other operating $13M

Other operating $10M

Other expense

$83M

Tax

$28M+106.67% QoQ

Revenue$1.8B+10.46%

Gross profit

$549M+18.03%

30.55% margin

Operating income

$180M+30.65%

10.04% margin

Pre-tax income

$97M+137.99%

Net income

$69M+153.48%

3.85% margin

Cost of revenue

$1.2B+7.43%

Operating expenses

$368M+12.70%

SG&A $346M

Other operating $13M

Other operating $10M

Other expense

$83M

Tax$28M+106.67%

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 · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.06· ±1.8% vs ±1.7% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%8 of 11×1.06

NFPjobs report±1.7%7 of 10×1.04

FOMCrate decision±1.5%2 of 15×0.90

PCEpersonal income & outlays±1.4%10 of 19×0.85

GDPgross domestic product±1.2%9 of 19×0.74

CPROFcorporate profits±1.2%6 of 12×0.73

CPIconsumer prices±1.2%4 of 11×0.72

Bar = avg |move| to ±2% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.19 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.19	—
Q1 FY26	—	0.07	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod