ENB Moves

Enbridge ENB 48.11 -0.67 -1.37%

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Expected move

November 05, 2026 close · $48.07

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session Earnings	±1.9% ±$0.92	$47.15 – $48.99	$46.92 – $49.22	$46.06 – $50.08
2 sessions Earnings	±2.2% ±$1.06	$47.01 – $49.13	$46.74 – $49.40	$45.76 – $50.38
3 sessions Earnings	±2.5% ±$1.20	$46.87 – $49.27	$46.59 – $49.55	$45.50 – $50.64
1 week Earnings	±2.9% ±$1.38	$46.69 – $49.45	$46.35 – $49.79	$45.17 – $50.97
2 weeks Earnings	±3.6% ±$1.73	$46.34 – $49.80	$45.93 – $50.21	$44.42 – $51.72
3 weeks Earnings	±4.2% ±$2.01	$46.06 – $50.08	$45.58 – $50.55	$43.85 – $52.29
1 month Earnings	±4.8% ±$2.29	$45.78 – $50.36	$45.23 – $50.91	$43.25 – $52.89

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. ENB reports in 1 session; only the horizons marked Earnings include its jump. Draw the cone on the chart →

Volatility premium

Beta

The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move

±3.69%

Average actual move

2.65%

Beyond the implied move

2 / 4

Median IV change

-7.99%

Reaction session	Implied	Actual	Used	ATM IV before → after
May 08, 2026	±4.26%	-0.74%	0.17×	32.8% → 32.3%
February 13, 2026	±3.71%	+3.94%	1.06×	—
May 09, 2025	±3.99%	+0.70%	0.18×	31.9% → 26.3%
February 14, 2025	±2.81%	-5.24%	1.87×	—

Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →