The Options Desk
The Options Desk · Week of Aug 24, 2026

Earnings Implied Moves: Aug 24–28, 2026 — What Options Priced, and What Happened

Every US name reporting that week — the implied move vs. its historical earnings move — plus the SPY/QQQ/IWM expected ranges and walls. Anchored to the prior Friday’s close (Aug 21, 2026).

The Index Read · What Options Price for the Week

That week’s US macro: CB Consumer Confidence, PCE Price Index YoY, Personal Spending MoM, Core PCE Price Index MoM, Core PCE Price Index YoY. Here’s the weekly move options are pricing across the majors — and the walls that box it in.

● implied range● put wall● hedge wall● spot● call wall
SPY S&P 500
implied ±1.2%
spot $765.72
$756.53–$774.91 · put 750 · hedge 771 · call 800
QQQ Nasdaq-100
implied ±1.9%
spot $713.44
$699.88–$727 · put 700 · hedge 718 · call 730
IWM Russell 2000
implied ±1.7%
spot $299.96
$294.86–$305.06 · put 290 · hedge 302 · call 305
How to read the walls

● Put wall — support. Heavy put positioning tends to act as a floor.

● Hedge wall — the pivot. Above it moves dampen (range-bound); below it they accelerate.

● Call wall — resistance. Heavy call positioning tends to cap the upside. More on call, put and hedge walls.

Walls move every trading day; these are Friday’s close (Aug 21). OptionPilot recomputes them each morning before the open.

The Macro Calendar · US Releases That Week

The scheduled US data inside this week’s expiry — the events the index ranges above already have to cover.

DateEventImpact
Tue Aug 25CB Consumer Confidence (Aug)High
Wed Aug 26PCE Price Index YoY (Jul)Medium
Wed Aug 26Personal Spending MoM (Jul)High
Wed Aug 26Core PCE Price Index MoM (Jul)High
Wed Aug 26Core PCE Price Index YoY (Jul)Low
Wed Aug 26PCE Price Index MoM (Jul)Medium
Wed Aug 26Personal Income MoM (Jul)High
Wed Aug 26Durable Goods Orders MoM (Jul)High
Thu Aug 27Continuing Jobless Claims (Aug/15)Low
Thu Aug 27Initial Jobless Claims (Aug/22)Medium
Thu Aug 27Jobless Claims 4-Week Average (Aug/22)Low
Fri Aug 28Michigan 1 Year Inflation Expectations (Aug)Medium

The Earnings Read · Every US Name Reporting That Week (Mon–Fri)

34 US companies report the week of Aug 24. The widest implied move is GRRR at ±16.7%; the biggest name reporting is NVDA at ±6.1%. Against their own earnings history, 12 are priced rich and 8 have room to run. 34 of 34 have reported so far that week — the rest are still ahead.

What the options market priced into each report — versus how much the stock has actually moved on its past prints. Sorted by market cap within each day.

Stock & reportMkt
cap
Options
implied
Actual move
avg · max
What
happened
The tell
Mon Aug 24
PDDpre-mkt$126B±7.7%±11.2%
max 29%
-1.5%CAN RUN MORE
XPEVpre-mkt$12B±9.8%±7.5%
max 13%
-8.5%1.3× RICH
GRRRpost-mkt$398M±16.7%±15.3%
max 34%
-11.3%FAIRLY PRICED
Tue Aug 25
INTUpost-mkt$100B±9.3%±6.6%
max 13%
-3.2%1.4× RICH
ZMpost-mkt$32B±8.8%±9.0%
max 13%
-7.0%FAIRLY PRICED
Wed Aug 26
NVDApost-mkt$5.2T±6.1%±4.0%
max 9%
+8.7%1.5× RICH
CRWDpost-mkt$195B±8.8%±4.4%
max 6%
+20.5%2.0× RICH
CRMpost-mkt$171B±8.0%±4.7%
max 11%
+22.6%1.7× RICH
SNPSpost-mkt$76B±8.9%±10.2%
max 36%
+13.4%CAN RUN MORE
HPQpost-mkt$27B±10.2%±5.1%
max 11%
-2.9%2.0× RICH
OKTApost-mkt$22B±12.9%±11.6%
max 24%
+28.6%FAIRLY PRICED
LIpre-mkt$13B±7.1%±6.0%
max 16%
-1.1%1.2× RICH
URBNpost-mkt$6B±9.2%±12.6%
max 23%
-5.0%CAN RUN MORE
ANFpre-mkt$5B±12.8%±13.2%
max 38%
+35.7%FAIRLY PRICED
BBWIpre-mkt$4B±12.1%±11.0%
max 25%
+7.5%FAIRLY PRICED
KSSpre-mkt$2B±14.3%±16.4%
max 43%
+1.5%CAN RUN MORE
TIGRpre-mkt$952M±9.0%±9.5%
max 22%
-0.1%FAIRLY PRICED
Thu Aug 27
MRVLpost-mkt$208B±11.3%±14.6%
max 23%
-10.3%CAN RUN MORE
ADSKpost-mkt$54B±9.7%±4.3%
max 9%
-3.7%2.3× RICH
WDAYpost-mkt$52B±7.4%±7.2%
max 13%
+5.8%FAIRLY PRICED
DGpre-mkt$27B±8.9%±11.4%
max 32%
+2.5%CAN RUN MORE
AFRMpost-mkt$26B±11.8%±14.2%
max 32%
+0.3%CAN RUN MORE
DLTRpre-mkt$25B±9.5%±9.4%
max 22%
-3.9%FAIRLY PRICED
ULTApost-mkt$22B±9.1%±8.9%
max 14%
-4.2%FAIRLY PRICED
RBRKpost-mkt$21B±13.4%±13.1%
max 28%
-13.1%FAIRLY PRICED
BURLpre-mkt$21B±8.4%±5.9%
max 12%
-7.6%1.4× RICH
BBYpre-mkt$18B±8.2%±8.0%
max 14%
-4.4%FAIRLY PRICED
IRENpre-mkt$15B±13.7%±13.0%
max 30%
+2.4%FAIRLY PRICED
HRLpre-mkt$13B±6.1%±4.5%
max 13%
-10.2%1.4× RICH
BILIpre-mkt$7B±9.1%±7.9%
max 15%
+3.8%1.2× RICH
Spost-mkt$7B±12.4%±8.0%
max 14%
-5.2%1.6× RICH
GAPpost-mkt$7B±10.1%±11.8%
max 20%
+12.9%CAN RUN MORE
PURR$1B±16.1%—+11.0%LIMITED HISTORY
CSIQpre-mkt$988M±11.9%±10.7%
max 19%
+0.8%FAIRLY PRICED

Implied move = live ATM straddle for the expiry covering the report. Actual move = the stock’s own 1-day earnings reaction over its last reported quarters — avg is typical, max the biggest. “What happened” = the realized move this week. “pre/post-mkt” = reports before the open / after the close. “Can run more” = options price less than history; “rich” = more; “outsized premium” = far above (usually a special catalyst).

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Educational, not investment advice. Options involve risk. Implied moves reflect live at-the-money straddle prices; historical moves are averages of past reported quarters and are not a forecast.