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

Implied ±11.4%, either direction.

How often does TripAdvisor move more than the options market prices?

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

TRIPNasdaqServices-Computer Programming, Data Processing, Etc.

TripAdvisor, Inc. (TRIP) earnings date, market-implied expected move, and options open interest by expiry

9.42

−0.02 · −0.21%

post 9.42 0.00%

After hours16:00 ETdelayed

Open9.40Volume3.4MMkt cap$1.1BP/E221.27

Day9.32 – 9.42100%52-wk8.02 – 17.5315%

TRIP

TripAdvisor, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.4%implied · straddle

8Q avg ±10.4%·×1.09·fair

8.2910.41

spot 9.35exp Nov 6ATM strike 9.5ATM straddle 1.25IV 182%

Nov 3 close

Expected move

Inputs

Next report

Nov 5

before open · in 2 days

confirmedQ3 FY26

Calendar

Next report

Last report

−25.52%

vs ±7.8% implied · ×3.28

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

1dCHH · customerChoice Hotels posts Q3 net income $57,912 thousand, diluted EPS $1.28
2dGOOGL · supplierWhy AI is boosting Meta's ad business while hurting Google search

News

Largest filed tie

13F top-10 QoQ

+6.09%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

293 managers

Top fund weight

0.05%

TRIP weight · IWM

N-PORTJun 30 '26

4 funds

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

TripAdvisor (TRIP) reports on Nov 5 before open (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±9.7%
avg realized: ±10.4%

Nov 6 '24Nov 6 '24confirmed±11.3%▼−11.20%×0.99

Feb 20 '25Feb 20 '25confirmed±10.4%▼−6.78%×0.65

May 7 '25May 7 '25confirmed±10.0%▲+12.54%×1.25

Aug 7 '25Aug 7 '25confirmed±9.4%▲+11.68%×1.24

Nov 6 '25Nov 6 '25confirmed±10.8%▼−0.06%×0.01

Feb 12 '26Feb 12 '26confirmed±9.8%▼−15.13%×1.55

Q1 FY26May 7 '26confirmed±8.3%▲+0.45%×0.05

Q2 FY26Aug 6 '26confirmed±7.8%▼−25.52%×3.28

quarterimplied−30%0+30%realized×

Q2 FY26±7.8%▼−25.52%×3.28

Q1 FY26±8.3%▲+0.45%×0.05

Feb '26±9.8%▼−15.13%×1.55

Nov '25±10.8%▼−0.06%×0.01

Aug '25±9.4%▲+11.68%×1.24

May '25±10.0%▲+12.54%×1.25

2 older reports

Feb '25±10.4%▼−6.78%×0.65

Nov '24±11.3%▼−11.20%×0.99

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

Implied vs realized

Positioning

OI · 9 expiries · Oct 29 close

0.53OI · 9 expiries · Oct 29 closeP/C open interest · Nov 6 · first expiry after the report

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

362+269%Nov 63d689+75%

602+2215%Nov 1310d0.79766+138%0.79

1,775+78%Nov 2017d0.276,578+149%0.27

0—Nov 2724d—0——

30—Dec 431d0.8834—0.88

4 later expiries

0—Dec 1138d—0——

16,7680%Dec 1845d1.4311,753+1%1.43

80,641−17%Jan 1573d1.0378,250−1%1.03

7,396−1%Mar 19136d0.4416,736−6%0.44

ExpiryPutsCallsP/C

Nov 63d362+269%689+75%0.53

Nov 1310d602+2215%766+138%0.79

Nov 2017d1,775+78%6,578+149%0.27

Nov 2724d0—0——

Dec 431d30—34—0.88

4 later expiries

Dec 1138d0—0——

Dec 1845d16,7680%11,753+1%1.43

Jan 1573d80,641−17%78,250−1%1.03

Mar 19136d7,396−1%16,736−6%0.44

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

Positioning

Linked exposure

scenario · straddle±11.4%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 1

GOOGL±1.8%×0.16

Customers 1

CHH±1.9%×0.16

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.07%as filednet margin · revenue +15.56% QoQ · −7.16% YoY

Revenue

$442M+15.56% QoQ

Gross profit

$312M+41.68% QoQ

70.54% margin

Operating income

$38M+250.00% QoQ

8.55% margin

Pre-tax income

$28M+188.92% QoQ

Net income

$22M+169.14% QoQ

5.07% margin

Cost of revenue

$130M−19.83% QoQ

Operating expenses

$274M+11.70% QoQ

Marketing $215M

Other operating $22M

Depreciation $19M

Other operating $18M

Other expense

$10M

Tax

$5M+562.50% QoQ

Revenue$442M+15.56%

Gross profit

$312M+41.68%

70.54% margin

Operating income

$38M+250.00%

8.55% margin

Pre-tax income

$28M+188.92%

Net income

$22M+169.14%

5.07% margin

Cost of revenue

$130M−19.83%

Operating expenses

$274M+11.70%

Marketing $215M

Other operating $22M

Depreciation $19M

Other expense

$10M

Tax$5M+562.50%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

CPI ×1.39· ±3.1% vs ±2.2% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±3.1%2 of 10×1.39

FOMCrate decision±2.7%8 of 24×1.22

PPIproducer prices±2.5%6 of 10×1.14

NFPjobs report±2.3%5 of 10×1.06

CPROFcorporate profits±2.1%5 of 12×0.96

PCEpersonal income & outlays±1.9%9 of 19×0.86

GDPgross domestic product±1.8%5 of 19×0.81

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

Earnings history

EPS 0.19 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.19	—
Q1 FY26	May 7 '26 · confirmed	-0.28	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod