What move does the options market price into Regeneron Pharmaceuticals's report?

Implied ±13.1%, either direction · provisional.

How often does Regeneron Pharmaceuticals move more than the options market prices?

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

REGNNasdaqPharmaceutical Preparations

Regeneron Pharmaceuticals, Inc. (REGN) earnings date, market-implied expected move, and options open interest by expiry

935.76

+5.09 · +0.55%

Regular session10:09 ET

Open934.46Volume1.4MMkt cap$96.3BP/E19.94EPS46.93Div yield0.40%

Day934.34 – 940.7222%52-wk590.83 – 991.7386%

REGN

Regeneron Pharmaceuticals, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.1%implied · straddle

808.571,052.77

spot 930.67exp Feb 19ATM strike 940ATM straddle 143.65IV 35%

Nov 4 closeprovisional

Expected move

Inputs

Next report

Jan 29

before open · in 85 days

est.Q4 FY26

Calendar

Next report

Last report

+13.33%

vs ±3.8% implied · ×3.49

shaded = implied · ▲▼ = realized

Oct 30 '26 · confirmed

Implied vs realized

Largest filed tie

100.00%

of Adicet Bio revenue

supplierACET 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+10.30%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

1,336 managers

Top fund weight

1.08%

REGN weight · XLV

N-PORTJun 30 '26

13 funds

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

Regeneron Pharmaceuticals (REGN) is expected to report on Jan 29 before open (estimated date).

Implied vs realized

8 reports

4 of 7≥ implied

avg implied: ±4.9%
avg realized: ±6.4%

Apr 29 '25Apr 29 '25confirmed—▼−6.87%—

Aug 1 '25Aug 1 '25confirmed±4.9%▲+2.46%×0.50

Oct 28 '25Oct 28 '25confirmed±4.6%▲+11.82%×2.56

Jan 12 '26Jan 12 '26confirmed±4.6%▼−3.58%×0.78

Jan 30 '26Jan 30 '26confirmed±4.7%▼−1.07%×0.23

Q1 FY26Apr 29 '26confirmed±6.0%▼−6.21%×1.03

Q2 FY26Jul 30 '26confirmed±6.0%▲+6.17%×1.03

Q3 FY26Oct 30 '26confirmed±3.8%▲+13.33%×3.49

quarterimplied−15%0+15%realized×

Q3 FY26±3.8%▲+13.33%×3.49

Q2 FY26±6.0%

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

Implied vs realized

Positioning

OI · 10 expiries · Nov 4 close

0.58OI · 10 expiries · Nov 4 closeP/C open interest · Feb 19 · first expiry after the report

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

6 nearer expiries

1,129+378%Nov 61d0.761,490+409%0.76

135+88%Nov 138d0.61223+165%0.61

1,833+17%Nov 2015d1.021,789+12%1.02

240+485%Nov 2722d2.6192+557%2.61

710%Dec 429d2.1533+22%2.15

28—Dec 1136d0.3287—0.32

5,798+16%Dec 1843d0.827,069−6%0.82

3,227−6%Jan 1571d0.764,269+3%0.76

report · Jan 29 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 61d1,129+378%1,490+409%0.76

Nov 138d135+88%223+165%0.61

Nov 2015d1,833+17%1,789

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

Positioning

Linked exposure

scenario · straddle±13.1%

Funds 4

XLV±0.1%

JEPI±0.1%

XBI±0.1%

QQQ±0.0%

Suppliers 1

BMY±4.0%×0.30

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

38.09%as filednet margin · revenue +19.23% QoQ · +36.27% YoY

Revenue

$5.1B+19.23% QoQ

Gross profit

$4.5B+22.29% QoQ

88.79% margin

Operating income

$2.0B+58.35% QoQ

40.04% margin

Pre-tax income

$2.3B+49.50% QoQ

Net income

$1.9B+50.26% QoQ

38.09% margin

Cost of revenue

$574M−0.50% QoQ

Operating expenses

$2.5B+3.03% QoQ

R&D $1.8B

SG&A $678M

Tax

$335M+45.26% QoQ

Other income

$236M+0.68% QoQ

Revenue$5.1B+19.23%

Gross profit

$4.5B+22.29%

88.79% margin

Operating income

$2.0B+58.35%

40.04% margin

Pre-tax income

$2.3B+49.50%

Net income

$1.9B+50.26%

38.09% margin

Cost of revenue

$574M−0.50%

Operating expenses

$2.5B+3.03%

R&D $1.8B

SG&A $678M

Other income$236M+0.68%

Tax$335M+45.26%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 10:00 ET

Intraday

Event sensitivity

PCE ×1.77· ±2.4% vs ±1.4% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±2.4%8 of 19×1.77

GDPgross domestic product±1.6%8 of 19×1.20

NFPjobs report±1.5%6 of 10×1.13

FOMCrate decision±1.5%15 of 24×1.09

CPIconsumer prices±1.3%4 of 10×0.97

CPROFcorporate profits±1.3%5 of 12×0.95

PPIproducer prices±1.2%5 of 10×0.92

Bar = avg |move| to ±3% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 18.45 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 30 '26 · confirmed	18.45	—
Q2 FY26	Jul 30 '26 · confirmed	12.23	—
Q1 FY26	Apr 29 '26 · confirmed	6.75	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod