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

Implied ±5.6%, either direction.

How often does Protagonist Therapeutics move more than the options market prices?

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

PTGXNasdaqPharmaceutical Preparations

Protagonist Therapeutics, Inc (PTGX) earnings date, market-implied expected move, and options open interest by expiry

144.19

−0.15 · −0.11%

post 144.17 −0.01%

Closed16:00 ET

Open144.30Volume322,566Mkt cap$9.4BP/E118.17EPS1.22

Day143.08 – 144.8462%52-wk75.44 – 160.8181%

PTGX

Protagonist Therapeutics, Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±5.6%implied · report alone

8Q avg ±3.1%·×1.81·rich

136.79152.91

straddle ±7.7%

spot 144.85exp Nov 20ATM strike 145ATM straddle 13.20IV 48%

Oct 30 closereport share · term structurethin chain

Expected move

Inputs

Next report

Nov 5

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

+6.45%

vs ±11.8% implied · ×0.55

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

3dTAK · customerTakeda: six-month revenue JPY 2,407.0 billion; net profit JPY 305,716 million
5dJNJ · customerJohnson & Johnson to Host Enterprise Business Review

News

Largest filed tie

13F top-10 QoQ

−1.94%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

345 managers

Top fund weight

1.07%

PTGX weight · XBI

N-PORTJun 30 '26

5 funds

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

Protagonist Therapeutics (PTGX) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

0 of 8≥ implied

avg implied: ±9.1%
avg realized: ±3.1%

Nov 7 '24Nov 7 '24confirmed±11.0%▼−2.90%×0.26

Feb 21 '25Feb 21 '25confirmed±11.7%▲+0.68%×0.06

May 6 '25May 6 '25confirmed±7.8%▲+2.57%×0.33

Aug 6 '25Aug 6 '25confirmed±7.0%▼−5.39%×0.77

Q3 FY25Nov 6 '25confirmed±8.9%▼−0.30%×0.03

Q1 FY26Feb 25 '26confirmed±9.0%▲+1.48%×0.16

May 5 '26May 5 '26confirmed±5.3%▲+4.80%×0.90

Q2 FY26Aug 5 '26confirmed±11.8%▲+6.45%×0.55

quarterimplied−15%0+15%realized×

Q2 FY26±11.8%▲+6.45%×0.55

May '26±5.3%

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

0.40OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

710%Nov 2019d177+1%

0—Dec 1847d0.0060%0.00

1,5660%Jan 1575d0.354,4220%0.35

230%Apr 16166d0.073120%0.07

ExpiryPutsCallsP/C

Nov 2019d710%177+1%0.40

Dec 1847d0—60%0.00

Jan 1575d1,5660%4,4220%0.35

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

Positioning

Linked exposure

scenario · straddle±7.7%

Funds 4

XBI±0.1%

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

as filedQ2 FY26

76.28%as filednet margin · revenue +278.72% QoQ · +3749.17% YoY

Revenue

$213M+278.72% QoQ

Gross profit

$213M+278.72% QoQ

100.00% margin

Operating income

$159M+4452.14% QoQ

74.37% margin

Pre-tax income

$165M+7138.67% QoQ

Net income

$163M+4204.76% QoQ

76.28% margin

Operating expenses

$55M−8.84% QoQ

R&D $42M

SG&A $13M

Tax

$2M+250.80% QoQ

Other income

$6M+7.07% QoQ

Revenue$213M+278.72%

Gross profit

$213M+278.72%

100.00% margin

Operating income

$159M+4452.14%

74.37% margin

Pre-tax income

$165M+7138.67%

Net income

$163M+4204.76%

76.28% margin

Cost of revenue

Operating expenses

$55M−8.84%

R&D $42M

SG&A $13M

Other income$6M+7.07%

Tax$2M+250.80%

flow · deduction · inflow · 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 · 16:00 ET

Intraday

Event sensitivity

PPI ×1.36· ±3.0% vs ±2.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.0%8 of 10×1.36

CPIconsumer prices±2.1%4 of 10×0.93

NFPjobs report±1.8%5 of 10×0.83

CPROFcorporate profits±1.7%7 of 12×0.76

PCEpersonal income & outlays±1.7%11 of 19×0.74

GDPgross domestic product±1.6%11 of 19×0.72

FOMCrate decision±1.6%11 of 24×0.72

Bar = avg |move| to ±4% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 2.29 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	2.29	—
Q1 FY26	Feb 25 '26 · confirmed	0.05	—
Q3 FY25	Nov 6 '25 · confirmed	-0.62	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod