NTAP Moves

NetApp NTAP 169.38 -18.29 -9.75%

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Expected move

November 05, 2026 close · $168.79

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±2.3% ±$3.95	$164.84 – $172.74	$164.05 – $173.53	$160.33 – $177.25
2 sessions	±3.3% ±$5.49	$163.30 – $174.28	$162.14 – $175.44	$156.96 – $180.62
3 sessions	±4.1% ±$6.90	$161.89 – $175.69	$160.55 – $177.03	$154.07 – $183.51
1 week	±5.2% ±$8.78	$160.01 – $177.57	$158.05 – $179.53	$150.07 – $187.51
2 weeks	±7.3% ±$12.32	$156.47 – $181.11	$153.55 – $184.03	$142.49 – $195.09
3 weeks Earnings	±16.5% ±$27.85	$140.94 – $196.64	$134.31 – $203.27	$110.25 – $227.33
1 month Earnings	±17.4% ±$29.45	$139.34 – $198.24	$132.23 – $205.35	$106.86 – $230.72

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. NTAP reports in 14 sessions; 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

±8.15%

Average actual move

5.90%

Beyond the implied move

1 / 4

Median IV change

-46.74%

Reaction session	Implied	Actual	Used	ATM IV before → after
August 28, 2025	±7.85%	+4.54%	0.58×	51.6% → 28.6%
May 30, 2025	±7.51%	-0.05%	0.01×	54.3% → 28.9%
February 28, 2025	±7.78%	-15.57%	2.00×	—
November 22, 2024	±9.47%	-3.43%	0.36×	67.9% → 25.7%

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