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

Implied ±37.8%, either direction · provisional.

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

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

TROXNYSEIndustrial Inorganic Chemicals

Tronox Holdings plc (TROX) earnings date, market-implied expected move, and options open interest by expiry

2.48

−0.13 · −5.10%

post 2.51 +1.34%

After hours16:46 ETdelayed

Open2.77Volume6.2MMkt cap$416.8MDiv yield7.66%

Day2.45 – 2.7720%52-wk2.57 – 10.450%

TROX

Tronox Holdings plc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±37.8%implied · straddle

1.543.41

spot 2.48exp Feb 19ATM strike 2ATM straddle 1.10IV 110%

Nov 6 closeprovisional

Expected move

Inputs

Next report

Jan 25

before open · in 80 days

est.Q4 FY26

Calendar

Next report

Last report

−26.48%

vs ±29.3% implied · ×0.90

shaded = implied · ▲▼ = realized

Nov 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+3.66%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

237 managers

Top fund weight

0.02%

TROX weight · IWM

N-PORTJun 30 '26

3 funds

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

Tronox (TROX) is expected to report on Jan 25 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±14.7%
avg realized: ±12.6%

May 1 '25May 1 '25confirmed±12.0%▲+1.48%×0.12

Jul 31 '25Jul 31 '25confirmed±12.0%▼−37.94%×3.16

Q3 FY25Nov 6 '25confirmed±14.6%▼−0.63%×0.04

Jan 26 '26Jan 26 '26confirmed±19.6%▼−0.77%×0.04

Feb 19 '26Feb 19 '26confirmed±10.2%▼−10.32%×1.01

Q1 FY26May 7 '26confirmed±7.5%▲+4.75%×0.64

Q2 FY26Aug 6 '26confirmed±12.4%▲+18.80%×1.51

Q3 FY26Nov 5 '26confirmed±29.3%▼−26.48%×0.90

quarterimplied−40%0+40%realized×

Q3 FY26±29.3%▼−26.48%×0.90

Q2 FY26±12.4%▲+18.80%×1.51

Q1 FY26±7.5%▲+4.75%×0.64

Feb '26±10.2%▼−10.32%×1.01

Jan '26±19.6%▼−0.77%×0.04

Q3 FY25±14.6%▼−0.63%×0.04

2 older reports

Jul '25±12.0%▼−37.94%×3.16

May '25±12.0%▲+1.48%×0.12

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 5 close

0.26OI · 3 expiries · Nov 5 closeP/C open interest · Feb 19 · first expiry after the report

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

1,209+408%Nov 2014d1.557800%1.55

9350%Jan 1570d0.108,9910%0.10

report · Jan 25 · before open · est.

1520%Feb 19105d5860%

ExpiryPutsCallsP/C

Nov 2014d1,209+408%7800%1.55

Jan 1570d9350%8,9910%0.10

report · Jan 25 · before open · est.

Feb 19105d1520%5860%0.26

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

Positioning

Linked exposure

scenario · straddle±37.8%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

−6.77%as filednet margin · revenue −4.72% QoQ · +18.31% YoY

Revenue$827M−4.72%

Gross profit$77M9.31%+40.00%

Operating income$12M1.45%+157.14%

Pre-tax income−$50M+25.37%

Net income−$56M−6.77%+67.63%

Cost of revenue$750M−7.75%

Operating expenses$65M−14.47%

Tax$6M−94.34%

Other expense−$62M−34.78%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 6 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:45 ET

Intraday

Event sensitivity

NFP ×1.62· ±4.9% vs ±3.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.9%4 of 10×1.62

PCEpersonal income & outlays±4.2%11 of 20×1.40

PPIproducer prices±3.6%5 of 11×1.19

CPROFcorporate profits±3.5%5 of 12×1.18

GDPgross domestic product±3.2%9 of 20×1.06

FOMCrate decision±2.1%11 of 24×0.71

CPIconsumer prices±2.1%4 of 11×0.69

Bar = avg |move| to ±5% · tick = ±3.0% avg day · ×base = |move| ÷ ±3.0% · min 6 releases

Earnings history

EPS -0.34 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 5 '26 · confirmed	-0.34	—
Q2 FY26	Aug 6 '26 · confirmed	-1.07	—
Q1 FY26	May 7 '26 · confirmed	-0.65	—
Q3 FY25	Nov 6 '25 · confirmed	-0.63	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod