What move does the options market price into U S Physical Therapy's report?

Implied ±6.1%, either direction.

How often does U S Physical Therapy move more than the options market prices?

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

USPHNYSEServices-Health Services

U S Physical Therapy Inc (USPH) earnings date, market-implied expected move, and options open interest by expiry

88.90

+4.16 · +4.91%

Regular session12:13 ET

Open85.01Volume186,943Mkt cap$1.3BP/E39.24Div yield2.16%

Day85.01 – 88.90100%52-wk57.42 – 89.9897%

USPH

U S Physical Therapy Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.1%implied · report alone

8Q avg ±7.9%·×0.77·cheap

79.5889.90

straddle ±8.2%

spot 84.74exp Nov 20ATM strike 85ATM straddle 8.15IV 56%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+4.70%

vs ±6.5% implied · ×0.73

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+6.48%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

217 managers

Top fund weight

0.03%

USPH weight · IWM

N-PORTJun 30 '26

3 funds

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

U S Physical Therapy (USPH) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±7.3%
avg realized: ±7.9%

Aug 9 '23Aug 9 '23confirmed±7.4%▼−9.18%×1.24

Nov 7 '23Nov 7 '23confirmed±6.2%▼−2.92%×0.47

Feb 28 '24Feb 28 '24confirmed±6.1%▲+6.41%×1.05

May 7 '25May 7 '25confirmed±7.7%▼−0.07%×0.01

Aug 7 '25Aug 7 '25confirmed±8.0%▲+15.22%×1.90

Q3 FY25Nov 6 '25confirmed±8.0%▼−4.76%×0.60

Q1 FY26May 6 '26confirmed±8.7%▼−19.89%×2.27

Q2 FY26Aug 6 '26confirmed±6.5%▲+4.70%×0.73

quarterimplied−20%0+20%realized×

Q2 FY26±6.5%▲+4.70%×0.73

Q1 FY26±8.7%▼−19.89%×2.27

Q3 FY25±8.0%▼−4.76%×0.60

Aug '25±8.0%▲+15.22%×1.90

May '25±7.7%▼−0.07%×0.01

Feb '24±6.1%▲+6.41%×1.05

2 older reports

Nov '23±6.2%▼−2.92%×0.47

Aug '23±7.4%▼−9.18%×1.24

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.00OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

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

60%Nov 2016d1,6010%

50+2%Dec 1844d7.1470%7.14

80%Mar 19135d0.11700%0.11

ExpiryPutsCallsP/C

Nov 2016d60%1,6010%0.00

Dec 1844d50+2%70%7.14

Mar 19135d80%700%0.11

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

Positioning

Linked exposure

scenario · straddle±8.2%

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 filedQ2 FY26

6.96%as filednet margin · revenue +7.95% QoQ · +8.47% YoY

Revenue

$214M+7.95% QoQ

Gross profit

$87M+12.68% QoQ

40.43% margin

Operating income

$22M+75.84% QoQ

10.25% margin

Pre-tax income

$19M+80.37% QoQ

Net income

$15M+82.66% QoQ

6.96% margin

Cost of revenue

$128M+4.96% QoQ

Operating expenses

$65M+0.43% QoQ

Other operating $39M

SG&A $19M

Depreciation $6M

Other operating $992,000

Other expense

$3M

Tax

$4M+72.62% QoQ

Revenue$214M+7.95%

Gross profit

$87M+12.68%

40.43% margin

Operating income

$22M+75.84%

10.25% margin

Pre-tax income

$19M+80.37%

Net income

$15M+82.66%

6.96% margin

Cost of revenue

$128M+4.96%

Operating expenses

$65M+0.43%

Other operating $39M

SG&A $19M

Depreciation $6M

Other expense

$3M

Tax$4M+72.62%

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 · 12:00 ET

Intraday

Event sensitivity

NFP ×1.61· ±2.3% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.3%8 of 10×1.61

PPIproducer prices±2.0%6 of 10×1.40

FOMCrate decision±1.6%7 of 24×1.12

CPIconsumer prices±1.1%5 of 10×0.78

GDPgross domestic product±1.0%9 of 19×0.73

PCEpersonal income & outlays±0.9%7 of 19×0.65

CPROFcorporate profits±0.7%8 of 12×0.51

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

Earnings history

EPS 0.25 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.25	—
Q1 FY26	May 6 '26 · confirmed	-0.12	—
Q3 FY25	Nov 6 '25 · confirmed	0.48	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod