ZBH
ZIMMER BIOMET HOLDINGS, INC.95.88post+$0.07 (+0.07%)at close +$0.00 (+0.00%)
as of 19:59:59 UTCnext report Aug 5 · today
Earnings Room‹ back to ZBH
The report
fiscal Q2 2026 · from the company's noticeAug 5before open0days out
Expected movement
market-implied · at the Aug 4 close±5.5%is what the chain prices for this report itself, with the ordinary drift of the days around it taken out. Not a view we hold.
The full straddle prices ±7.0% over the 17 days to expiry; the rest of that is everyday movement, which the chain prices at 30% annualized.
expiry Aug 21 · first after the reportATM strike 95straddle 7.87ATM IV 48% vs 38% at Sep 18× 0.85 straddle-to-rangespot 95.88
Blast radius
6 linked · N-PORT + EDGARIf ZBH moves ±7.0% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.
Positioning
4 expiries · as of the Aug 4 closeContracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.
OI ΔPutsOI
ExpiryOICallsOI Δ
▲ +28%415
Aug 21
17d
1.4k▲ +1%
▼ −0%742
Sep 18
45d
2.5k▲ +0%
▼ −1%
524
Dec 18
136d
1.2k▼ −0%
▲ +0%2.7k
Jan 15
164d
723▲ +0%
The record
expected in pale · actual in full color5/8reports moved further than the options market had pricedtypically ±7.7% realized vs ±5.8% priced
Apr 28 '26±6.2%→−10.6%×1.71
Feb 10 '26±5.8%→+1.9%×0.32
Nov 5 '25±6.9%→−15.2%×2.19
Aug 7 '25±5.8%→+8.0%×1.37
May 5 '25±5.1%→−11.6%×2.29
Feb 6 '25±4.7%→−5.1%×1.10
Oct 30 '24±6.7%→+5.7%×0.85
Aug 7 '24±5.4%→−3.4%×0.63
pale = implied the day beforeink = the next day's close× = realized ÷ implied
2-quarter memory
Q1 FY26 · reported 1.22 · rev $2.1B
record note
The note composes when the report lands. Nothing is written for a quarter that hasn't been read.