Story
Figma Options Market Prices in 16% Post-Earnings Stock Move
Summary
Options traders are pricing in a potential 16% swing in Figma's stock price following its upcoming earnings report on August 5. Historical data shows the stock has exceeded the options-implied move in two of the last four reporting periods.
The options market is pricing in a potential 16% swing in either direction for Figma Inc. (FIG) shares following the company's upcoming earnings report. The design software firm is scheduled to release its results on August 5, after the market closes.
Market Braces for Volatility
According to options data compiled by Bloomberg, traders are anticipating significant price movement for Figma. This implied volatility, derived from the price of options contracts, reflects market uncertainty and expectations of a strong reaction to the company's financial performance and forward guidance.
The 16% figure represents the expected percentage change in the stock price by the options expiration date that follows the earnings announcement. It is a measure of anticipated volatility, not a prediction of the stock's direction.
Historical Performance vs. Expectations
An analysis of Figma's last four earnings reports shows a mixed record of actual price changes compared to what the options market had priced in. The stock has exceeded the implied move in two of those instances, highlighting its potential for significant post-earnings volatility.
Ad- May 14: Implied move of 13.0%; actual move was +18.8%.
- February 18: Implied move of 13.3%; actual move was +7.3%.
- November 5, 2025: Implied move of 14.5%; actual move was -11.4%.
- September 3, 2025: Implied move of 9.9%; actual move was -22.2%.
Context for Investors
The options-implied move serves as a key gauge of market sentiment heading into a catalyst event like an earnings release. Investors and traders use this figure as a benchmark to assess whether a company's results are likely to surprise the market, either positively or negatively.
Following the release on August 5, the market will focus on Figma's key performance indicators, such as revenue growth, customer acquisition, and its outlook for the coming quarters, to determine if the results justify the large move anticipated by options traders.
Read next
More on Stocks
Bridgepoint Shares Rise After Citi Upgrades Price Target on Kayne Acquisition
The private equity firm's stock gained as much as 5.4% after Citi analysts raised their price target by 20%, calling the recent acquisition of U.S. platform Kayne "strategically and financially attractive."
Investor Equity Positioning Turns Overweight Despite Record US Fund Outflows, Deutsche Bank Says
Investors increased their overall equity exposure to overweight levels last week, driven by systematic strategies and a rotation into tech stocks, a new Deutsche Bank report shows. This shift occurred despite the largest weekly outflow from U.S. equity funds in six months.
SK Hynix Shares Tumble on Reports of Potential $100 Billion Solidigm IPO
Shares of the South Korean chipmaker and its affiliates fell sharply following weekend reports that its U.S. subsidiary, Solidigm, could pursue an initial public offering as early as next year.
J.P. Morgan Sees Renewed Opportunity in AI Stocks, Favors Semiconductors After Pullback
J.P. Morgan analysts suggest the recent decline in AI-related stocks has created an attractive entry point for investors, citing improved valuations and strong fundamentals, particularly in the semiconductor sector.