Earnings season is about to hit a crescendo on Thursday, and the options market has already sketched out a volatility map for the stocks reporting. For retail investors, these implied moves are less about predicting direction and more about sizing up the uncertainty traders are baking into the event. Think of it as a heads-up: the bigger the implied move, the more the market is bracing for a potential shake-up.
This watch list spans apparel, software, semiconductors, networking gear, and even space-based imaging. The marquee name here is Ciena, but the biggest implied move belongs to a company that photographs the Earth from orbit. Let's count down from the calmest setup to the wildest.
8. lululemon athletica | Mkt Cap: $14B | Implied Move: 8.66%
lululemon athletica Inc. (LULU) reports its second quarter of 2026 results after the closing bell. Wall Street is looking for $2.51 in earnings per share on $2.57 billion in revenue, compared with $3.10 on $2.53 billion a year ago.
Options are pricing in an 8.66% move around the report. With lululemon valued at $14.1 billion, that implies about $1.22 billion of market value at stake as investors weigh demand trends and any read-through on product and inventory execution.
lululemon designs and markets athletic apparel, footwear, and accessories across categories like yoga and running. The stock carries a Hold consensus rating, and it's trading below the 180-day average analyst price forecast. In August, UBS reiterated its Neutral rating and cut its price target, while JP Morgan also reiterated Neutral but raised its target.
Shares have pulled back hard in 2026, down 44.0% year-to-date and trading 23% below the 200-day moving average. The stock sits about 48% below its 52-week high of $225.98, setting a cautious backdrop into the print.
7. DocuSign | Mkt Cap: $12B | Implied Move: 9.94%
DocuSign, Inc. (DOCU) reports its second quarter of 2027 results after the closing bell. Consensus calls for 96 cents in EPS on $867.33 million in revenue, up from 92 cents on $800.64 million in the prior-year quarter.
The options market is implying a 9.94% move. That's a sizable event premium for a $12.5 billion company, translating to roughly $1.24 billion of market value at stake as traders focus on growth durability for its agreement workflow platform.
DocuSign sells cloud software that automates agreements and enables legally binding e-signatures across devices. It carries a Hold consensus rating, and the share price sits above the 180-day average analyst price forecast. In September, BTIG reiterated its Buy rating and raised its price target, and in August, Citizens reiterated its Market Outperform rating.
The stock has been essentially flat in 2026, down 0.3% year-to-date, but it's been trading 19.6% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. Even with that momentum, shares remain about 26% below the 52-week high of $86.65.
6. Samsara | Mkt Cap: $23B | Implied Move: 11.03%
Samsara Inc. (IOT) reports its second quarter of 2027 results after the closing bell. The Street is modeling 13 cents in EPS on $483.30 million in revenue, compared with 12 cents on $391.48 million a year earlier.
Options traders are bracing for a bigger swing here: the implied move is 11.03%. On a $22.6 billion market cap, that puts about $2.49 billion of market value in play as investors parse demand for connected-operations tooling and the pace of growth.
Samsara provides an end-to-end platform that consolidates data from IoT devices and connected assets so organizations can analyze and act on it. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades. In August, KeyBanc, TD Cowen, and Truist Securities all raised their price targets.
Shares have rallied in 2026, up 15.2% year-to-date, and they're trading 15.2% above the 200-day moving average since the 50-day moving average crossed above the 200-day in July. The stock is still about 18% below the 52-week high of $47.47 heading into earnings.
5. Zscaler | Mkt Cap: $29B | Implied Move: 12.43%
Zscaler, Inc. (ZS) reports its fourth quarter of 2026 results after the closing bell. Analysts expect 88 cents in EPS on $877.51 million in revenue, versus 89 cents on $719.23 million in the year-ago period.
The options market is implying a 12.43% move, putting roughly $3.57 billion of market value at stake for the $28.7 billion cybersecurity name. With the implied move pushing into double digits, traders are signaling that guidance and billings commentary could matter as much as the quarter itself.
Zscaler sells cloud-native cybersecurity software to enterprise customers. The stock carries a Buy consensus rating, and shares trade below the 180-day average analyst price forecast. In August, JP Morgan and Barclays reiterated Overweight ratings and raised their price targets, while Guggenheim reiterated its Buy rating.
The stock has declined in 2026, down 19.1% year-to-date, but it's still trading 1.9% above the 200-day moving average. Shares sit about 47% below the 52-week high of $336.99 into the print.
4. Ciena | Mkt Cap: $50B | Implied Move: 12.43%
Ciena Corp. (CIEN) reports its third quarter of 2026 results before the opening bell. Consensus estimates call for $1.67 in EPS on $1.64 billion in revenue, compared with 67 cents on $1.22 billion a year ago.
Options are also pricing a 12.43% move here. With Ciena carrying a $50 billion market cap, that implies about $6.22 billion of market value at stake — the largest dollar figure on this list — making the premarket report a key volatility event.
Ciena is a leader in high-speed optical connectivity, selling systems, components, and automation software used by telecom providers and enterprises such as data centers. The stock carries a Buy consensus rating, and it's trading well below the 180-day average analyst price forecast. In August, B. Riley Securities reiterated its Neutral rating and cut its price target, while Needham and Rosenblatt reiterated Buy ratings.
Shares have rallied in 2026, up 46.4% year-to-date, yet they're trading 5.4% below the 200-day moving average. The stock is about 44% below the 52-week high of $637.51 heading into the release.
3. UiPath | Mkt Cap: $9.4B | Implied Move: 12.61%
UiPath, Inc. (PATH) reports its second quarter of 2027 results after the closing bell. Wall Street is looking for 13 cents in EPS on $397.79 million in revenue, compared with 15 cents on $362.00 million in the prior-year quarter.
Options are pricing in a 12.61% move, implying about $1.18 billion of market value at stake for UiPath. That sets up a high-expectations reaction function as investors weigh automation demand and the company's ability to translate platform adoption into durable growth.
UiPath sells an end-to-end enterprise automation platform built on computer vision and user interface automations, with its RPA roots still central to the product. The stock carries a Hold consensus rating, and the share price sits above the 180-day average analyst price forecast. In August, UBS reiterated its Neutral rating and raised its price target, and RBC Capital reiterated its Sector Perform rating and raised its price target.
Shares have rallied in 2026, up 14.2% year-to-date, and they're trading 39.5% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. The stock also sits about 95% above the 52-week low of $9.20 into earnings.
2. Ambarella | Mkt Cap: $3B | Implied Move: 15.19%
Ambarella, Inc. (AMBA) reports its second quarter of 2027 results after the closing bell. The consensus view calls for 8 cents in EPS on $107.82 million in revenue, up from 15 cents on $95.51 million a year ago.
Options are implying a 15.19% move — one of the widest setups in this roundup. For Ambarella's $2.96 billion market cap, that equates to about $450 million of market value at stake, a meaningful swing potential for a smaller semiconductor name.
Ambarella develops low-power system-on-a-chip semiconductors and software for edge and physical AI applications and intelligent automation. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast sits well above where the stock trades. In August, Rosenblatt reiterated its Buy rating.
The stock has pulled back in 2026, down 9.8% year-to-date, and it's trading 2.8% below the 200-day moving average after the 50-day moving average crossed above the 200-day in June. Shares are about 30% below the 52-week high of $96.69 heading into the report.
1. Planet Labs PBC | Mkt Cap: $6.9B | Implied Move: 16.70%
Planet Labs PBC (PL) reports its second quarter of 2027 results after the closing bell. Analysts expect a 5 cent per share loss on $104.35 million in revenue, compared with a 3 cent per share loss on $73.39 million a year ago.
The options market is implying a 16.70% move — the widest implied move in this lineup. With Planet Labs valued at $6.86 billion, that suggests about $1.15 billion of market value at stake as traders brace for a potentially sharp post-earnings repricing.
Planet Labs is an Earth-imaging company that photographs the planet daily and sells data that makes change visible and actionable. The stock carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast. In July, Goldman Sachs reiterated its Neutral rating and raised its price target, while Wedbush reiterated its Outperform rating.
The stock has pulled back in 2026, down 5.6% year-to-date, and it's trading 28.3% below the 200-day moving average after the 50-day moving average crossed below the 200-day in August. Shares sit about 63% below the 52-week high of $51.76 going into earnings.
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