What move does the options market price into SELLAS Life Sciences's report?

Implied ±2.1%, either direction.

How often does SELLAS Life Sciences move more than the options market prices?

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

SLSNasdaqPharmaceutical Preparations

SELLAS Life Sciences Group, Inc. (SLS) earnings date, market-implied expected move, and options open interest by expiry

9.15

pre 9.30 +1.75%

Pre-market05:12 ETdelayed

Open9.16Volume5.1MMkt cap$1.8BEPS-0.21

Day9.16 – 9.30100%52-wk1.39 – 15.8855%

SLS

SELLAS Life Sciences Group, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±2.1%implied · report alone

8Q avg ±7.3%·×0.29·cheap

8.959.33

straddle ±18.6%

spot 9.14exp Nov 13ATM strike 9ATM straddle 2.00IV 176%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 11

after close · in 6 days

est.Q3 FY26

Calendar

Next report

Last report

+6.52%

vs ±9.4% implied · ×0.70

shaded = implied · ▲▼ = realized

Aug 11 '26 · confirmed

Implied vs realized

Linked news

13hMRK · supplierMerck posts nine-month net loss of $510 million; Q3 net income $5,065 million
6dBMY · supplierBristol Myers Squibb posts Q3 net earnings $2,162 million, diluted EPS $1.05, revenue $13,069 million

News

Largest filed tie

13F top-10 QoQ

+35.86%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

208 managers

Top fund weight

1.19%

SLS weight · XBI

N-PORTJun 30 '26

4 funds

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

SELLAS Life Sciences (SLS) is expected to report on Nov 11 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±10.4%
avg realized: ±7.3%

Mar 20 '25Mar 20 '25confirmed±13.2%▼−0.83%×0.06

May 13 '25May 13 '25confirmed±13.0%▲+7.09%×0.55

Aug 12 '25Aug 12 '25confirmed±11.0%▼−3.73%×0.34

Q3 FY25Nov 12 '25confirmed±13.7%▼−2.01%×0.15

Jan 8 '26Jan 8 '26confirmed±9.6%▼−4.46%×0.47

Q1 FY26Mar 19 '26confirmed±5.8%▼−8.46%×1.46

May 12 '26May 12 '26confirmed±7.9%▲+25.10%×3.19

Q2 FY26Aug 11 '26confirmed±9.4%▲+6.52%×0.70

quarterimplied−30%0+30%realized×

Q2 FY26±9.4%▲+6.52%×0.70

May '26±7.9%▲+25.10%×3.19

Q1 FY26±5.8%▼−8.46%×1.46

Jan '26±9.6%▼−4.46%×0.47

Q3 FY25±13.7%▼−2.01%×0.15

Aug '25±11.0%▼−3.73%×0.34

2 older reports

May '25±13.0%▲+7.09%×0.55

Mar '25±13.2%▼−0.83%×0.06

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

Implied vs realized

Positioning

OI · 8 expiries · Nov 4 close

0.19OI · 8 expiries · Nov 4 closeP/C open interest · Nov 13 · first expiry after the report

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

9,0970%Nov 61d0.5516,422+17%0.55

report · Nov 11 · after close · est.

1,470+7%Nov 138d7,861+3%

21,072+2%Nov 2015d0.4943,420+2%0.49

755+3%Nov 2722d0.164,833+14%0.16

4 later expiries

5,3130%Dec 429d2.612,032+49%2.61

13,5690%Dec 1843d1.578,622+1%1.57

169,5450%Jan 1571d0.40427,0820%0.40

29,481+1%Apr 16162d1.1226,258+2%1.12

ExpiryPutsCallsP/C

Nov 61d9,0970%16,422+17%0.55

report · Nov 11 · after close · est.

Nov 138d1,470+7%7,861+3%0.19

Nov 2015d21,072+2%43,420+2%0.49

Nov 2722d755+3%4,833+14%0.16

4 later expiries

Dec 429d5,3130%2,032+49%2.61

Dec 1843d13,5690%8,622+1%1.57

Jan 1571d169,5450%427,0820%0.40

Apr 16162d29,481+1%26,258+2%1.12

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

Positioning

Linked exposure

scenario · straddle±18.6%

Funds 4

XBI±0.2%

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

No filed income statement.

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 05:00 ET

Intraday

Event sensitivity

CPI ×1.40· ±5.9% vs ±4.2% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±5.9%5 of 10×1.40

NFPjobs report±5.6%7 of 10×1.33

PPIproducer prices±5.4%5 of 10×1.29

PCEpersonal income & outlays±5.1%11 of 19×1.22

CPROFcorporate profits±4.9%6 of 12×1.15

GDPgross domestic product±4.8%11 of 19×1.14

FOMCrate decision±3.6%13 of 24×0.84

Bar = avg |move| to ±6% · tick = ±4.2% avg day · ×base = |move| ÷ ±4.2% · min 6 releases

Earnings history

EPS -0.05 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 11 '26 · confirmed	-0.05	—
Q1 FY26	Mar 19 '26 · confirmed	-0.05	—
Q3 FY25	Nov 12 '25 · confirmed	-0.06	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod