Options market signals imply HP Inc. (NYSE:HPQ) may see its share price swing about 7.5% when the company posts its earnings following the close of trading on May 27, based on options data compiled by Bloomberg.
That implied magnitude reflects how traders are positioning for the announcement. Across HP’s last eight quarterly reports, the stock’s actual reaction surpassed the options-based implied move in three instances, underscoring that outcomes can sometimes be materially larger than what the options market prices in.
Specific past episodes where the stock moved more than implied include:
- May 2025 - The stock fell 13.9% versus an implied move of 6.3%.
- February 2025 - The stock declined 11.0% against an implied move of 6.9%.
- May 2024 - The stock jumped 17.3% compared with an expected move of 6.0%.
There have also been earnings reactions that remained inside the options-implied range. For HP’s most recent earnings release on February 24, the share price dropped 5.5%, which was within the 9.0% implied move. In November 2025, shares rose 4.9% versus an implied 7.1% move, and in August 2025 the stock gained 5.0% compared with an expected 7.5% swing.
These historical outcomes illustrate two dynamics: the options market provides a consensus expectation of near-term volatility around earnings, but actual moves can both undercut and exceed that consensus. For market participants - including equity investors and derivatives traders - the upcoming report represents a concentrated date of risk and potential reward tied to HP’s operating and financial disclosure.
Investors who trade around earnings often use implied moves to size positions and set hedges. The 7.5% figure represents the marketplace’s current assessment, but past episodes show the company has produced larger-than-expected reactions on multiple occasions.
Note: This report presents options-implied and realized stock-movement figures as stated above without additional interpretation beyond the supplied data.