What move does the options market price into Hyperliquid Strategies's report?

Implied ±9.8%, either direction.

PURRFinance Services

Hyperliquid Strategies Inc (PURR) earnings date, market-implied expected move, and options open interest by expiry

11.02

−1.27 · −10.33%

post 11.04 +0.18%

Closed19:58 ET

Open11.40Volume30.8MMkt cap$878.6MP/E3.44EPS3.21

Day10.69 – 11.5640%52-wk3.01 – 14.7668%

PURR

Hyperliquid Strategies Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.8%implied · report alone

9.9312.09

straddle ±13.9%

spot 11.01exp Nov 6ATM strike 11ATM straddle 1.80IV 147%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 6 days

confirmedQ1 FY27

Calendar

Next report

Last report

+10.99%

vs ±8.8% implied · ×1.25

shaded = implied · ▲▼ = realized

Aug 27 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+202.38%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

182 managers

Top fund weight

0.46%

PURR weight · XBI

N-PORTJun 30 '26

3 funds

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

Hyperliquid Strategies (PURR) reports on Nov 5 after close (confirmed date).

Implied vs realized

1 report

—≥ implied

Aug 27 '26Aug 27 '26confirmed±8.8%▲+10.99%×1.25

quarterimplied−15%0+15%realized×

Aug '26±8.8%▲+10.99%×1.25

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

Implied vs realized

Positioning

OI · 7 expiries · Oct 23 close

1.47OI · 7 expiries · Oct 23 closeP/C open interest · Nov 6 · first expiry after the report

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

1,401+144%Nov 67d955+30%

594—Nov 1314d0.491,201—0.49

9,555+8%Nov 2021d0.1091,986+14%0.10

365+87%Nov 2728d0.38972+274%0.38

48,870+1%Dec 1849d0.28177,488−1%0.28

2 later expiries

9,534+2%Jan 1577d0.3031,499+10%0.30

5,197+8%Mar 19140d0.15

ExpiryPutsCallsP/C

Nov 67d1,401+144%955+30%1.47

Nov 1314d594—1,201—0.49

Nov 2021d9,555+8%91,986+14%0.10

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

Positioning

Linked exposure

scenario · straddle±13.9%

Funds 3

XBI±0.1%

IWM±0.0%

UWM±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

5807.69%as filednet margin · revenue +425.20% QoQ

Revenue

$3M+425.20% QoQ

Gross profit

$3M+425.20% QoQ

100.00% margin

Operating income

$194M+167.40% QoQ

7380.58% margin

Pre-tax income

$195M+168.09% QoQ

Net income

$153M+150.09% QoQ

5807.69% margin

Tax

$43M+139.79% QoQ

Other income

$1M+55.58% QoQ

Revenue$3M+425.20%

Gross profit

$3M+425.20%

100.00% margin

Operating income

$194M+167.40%

7380.58% margin

Pre-tax income

$195M+168.09%

Net income

$153M+150.09%

5807.69% margin

Cost of revenue

Other income$1M+55.58%

Tax$43M+139.79%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Mar 31 '26 · width = $

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

CPI ×1.17· ±5.8% vs ±5.0% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±5.8%7 of 11×1.17

PPIproducer prices±4.5%6 of 11×0.89

NFPjobs report±4.4%3 of 10×0.88

FOMCrate decision±3.4%3 of 7×0.68

PCEpersonal income & outlays±2.9%8 of 10×0.59

GDPgross domestic product±2.9%7 of 10×0.57

CPROFcorporate profits±2.4%5 of 7×0.48

Bar = avg |move| to ±6% · tick = ±5.0% avg day · ×base = |move| ÷ ±5.0% · min 6 releases

Earnings history

EPS 1.01 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	—	1.01	—
Q2 FY26	—	-7.43	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod