Options traders are positioning for a further rebound in the euro against sterling after a historically sharp selloff, betting the single currency has priced in too much risk around France

Options traders are piling into bearish bets on Nvidia $NVDA as the stock drops 6% today. Net premium has hit -$178M: net call premium is -$151M and net put premium is +$24M. Options volume has leaned bearish all session.

Options priced in a 12.5% move for Palantir $PLTR after last night's report. It was down as much as 9.2% before this morning's open, and it's now down 2.0%, after adjusted EPS of $0.44 vs. $0.41 expected. Here's how to find the implied move for any stock before it reports: 1. Find the first options expiration after the report. For PLTR, Friday, Nov. 6. 2. Pick the strike closest to the share price: $182.50, with PLTR at $181.44. 3. Add the call and put prices at that strike. Together they're called a straddle, about $22.70 here. 4. Divide by the share price: $22.70 ÷ $181.44 = 12.5%. That's the move, in either direction, that options were pricing in. This is the simple version; some traders scale the straddle down slightly. The rest of last night's and this morning's reports, with the implied move in brackets: Apple ($AAPL ) -1.7% (4.4%), EPS $2.10 vs. $1.99 expected. Williams ($WMB ) +3.3% (5.1%), adjusted EPS $0.54, in line. Diamondback Energy ($FANG) -2.2% and Marathon Petroleum ($MPC) -0.1% list only monthly options; adjusted EPS $5.86 vs. $5.60 and $26.93 vs. $26.00.

Options markets are more active than ever. Liquidity matters. According to Cboe’s Q3 2026 industry update: - 70.6 million contracts traded daily on average across the options market. - 28.3 million contracts traded daily on average in ETF options. - ETF options activity increased 1% quarter over quarter, even as overall options volume moderated from Q2 record levels. With substantial trading activity across stocks, ETFs, and indexes, options markets continue to provide an important foundation for investment strategies built around seeking differentiated outcomes. At NEOS Investments, we seek to harness options-based strategies to help investors seek monthly income across core portfolio exposures. Explore more at #Options# #MarketLiquidity# #ETFInvesting# #FinancialAdvisors# #NEOSInvestments# NEOS ETFs are Distributed by Foreside Fund Services, LLC.

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Options imply a move of about 8.1% for Amazon $AMZN after its report tonight. That's roughly $215 billion of market value, more than all of Sandisk $SNDK, which also reports tonight and is worth about $197 billion. Amazon rose 15.3% after its last report in July. Add Intel, Sandisk, Exxon and Chevron, all reporting in the next 24 hours, and the implied moves come to about $300 billion. Intel $INTC reports tonight, with an 8.9% implied move. Its last four report moves alternated direction: +0.3%, -17.0%, +23.6% and -7.9%. Intel's adjusted EPS came in above the average estimate in all four of those reports. Exxon Mobil's $XOM record runs the other way. The stock moved about 1% or less after each of its last four reports, and options imply about 2.6% for its report Friday before the open. Analysts expect EPS excluding identified items of $4.03, vs. $1.88 a year ago. Street estimates: Amazon third-quarter EPS of $1.96 on $202.3 billion of revenue, vs. $1.95 and $180.2 billion a year ago. Intel, adjusted EPS of $0.40 on $16.5 billion, vs. $0.23 and $13.7 billion. Also after the close today: Sandisk, with options implying about 7.7%. Analysts expect fiscal first-quarter revenue of $10.7 billion, vs. $2.3 billion a year ago, and adjusted EPS of $46.41 vs. $1.22. SkyWest $SKYW moved 4.9% or more after each of its last four reports, and analysts expect EPS of $3.07 vs. $2.81 a year ago. Before the open Friday: Chevron $CVX, with a 2.6% implied move, rose after three of its last four reports. Analysts expect adjusted EPS of $4.83 vs. $1.85 a year ago.

Options priced in a 5.9% move for Alphabet and a 10.4% move for ServiceNow. In premarket trading, both fell nearly twice that. Alphabet ($GOOGL) fell 11.7%, more than any of its last four report moves. EPS was $2.12, including a $0.55-a-share loss on equity securities. Excluding it, $2.67 vs. $3.01 expected. Alphabet's revenue rose 25% to $127.6 billion, and Google Cloud revenue rose 103% to $30.7 billion. Reports on the drop cited the EPS miss and cash flow. Alphabet spent $51.4 billion on property and equipment in the quarter, and free cash flow was negative $9.1 billion, its second straight negative quarter. ServiceNow ($NOW) fell 19.1%, after falling following each of its last three reports. Adjusted EPS: $1.00 reported vs. $1.02 expected. It raised its 2026 AI annual contract value target to $1.7 billion. Norwegian Cruise Line ($NCLH) rose 11.8% against a 7.9% implied move. The stock fell more than its implied move after each of its last four reports. Adjusted EPS: $1.12 reported vs. $0.94 expected, and it raised its 2026 adjusted EPS outlook to about $1.70. Cheniere ($LNG) rose 4.8% against a 4.0% implied move. Revenue was $6.17 billion vs. $5.37 billion expected. It raised its 2026 adjusted EBITDA guidance to $8.75 billion to $9.25 billion, from $7.90 billion to $8.40 billion. Microsoft ($MSFT) rose 2.9%, less than its 5.1% implied move. Adjusted EPS: $4.89 reported vs. $4.72 expected. Azure revenue grew 48%, and commercial remaining performance obligation rose 73% to $677 billion. Names with only monthly options: Hyatt ($H) reported adjusted EPS of $1.27 vs. $0.77 expected and a loss of $0.30 a year ago. TechnipFMC ($FTI) reported EPS of $1.05 vs. $0.88 expected and raised its 2026 Subsea revenue guidance to $9.6 billion to $9.8 billion. Churchill Downs ($CHDN) reported adjusted EPS of $1.23 vs. $1.10 expected, and its board approved a new $750 million buyback authorization. DT Midstream ($DTM) reported EPS of $1.16 vs. $1.13 expected and raised its 2026 adjusted EBITDA guidance to $1.185 billion to $1.225 billion. MGM Resorts ($MGM) reported an adjusted loss of $0.11 a share vs. $0.08 of EPS expected. MGM China posted record quarterly revenue. St. Joe ($JOE) earned $0.65 a share, vs. $0.67 a year ago, and raised its quarterly dividend 13% to $0.18. Our tally this week: we logged the options-implied move before 10 reports. Six stocks moved less than that, and four moved more, all of them from last night and this morning.