ZTS Moves

ZOETIS INC ZTS 89.2 6.21 7.48%

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Expected move

November 04, 2026 close · $89.20

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session Earnings	±7.8% ±$6.98	$82.22 – $96.18	$80.44 – $97.96	$73.96 – $104.44
2 sessions Earnings	±8.3% ±$7.45	$81.75 – $96.65	$79.93 – $98.47	$73.06 – $105.34
3 sessions Earnings	±8.8% ±$7.86	$81.34 – $97.06	$79.53 – $98.87	$72.34 – $106.06
1 week Earnings	±9.2% ±$8.20	$81.00 – $97.40	$79.02 – $99.38	$71.97 – $106.43
2 weeks Earnings	±9.8% ±$8.78	$80.42 – $97.98	$78.35 – $100.05	$70.69 – $107.71
3 weeks Earnings	±10.4% ±$9.28	$79.92 – $98.48	$77.71 – $100.69	$69.69 – $108.71
1 month Earnings	±11.0% ±$9.83	$79.37 – $99.03	$77.00 – $101.40	$68.52 – $109.88

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. ZTS 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

±7.49%

Average actual move

6.94%

Beyond the implied move

1 / 6

Median IV change

-35.28%

Reaction session	Implied	Actual	Used	ATM IV before → after
May 07, 2026	±8.81%	-21.50%	2.44×	—
February 12, 2026	±8.20%	-2.35%	0.29×	—
August 05, 2025	±6.92%	-3.75%	0.54×	49.4% → 29.1%
May 06, 2025	±7.31%	-5.18%	0.71×	51.8% → 37.7%
February 13, 2025	±6.27%	-5.15%	0.82×	49.7% → 32.2%
November 04, 2024	±7.42%	-3.72%	0.50×	47.2% → 31.2%

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