FUTU Stock Before Earnings: Why Calls Lose on a ±9.4% Move

What happens to FUTU stock before earnings? Two things are measurable: options currently price a ±9.4% move for the Nov 19, 2026 report (before market open) against a 10-year average move of about ±9.4%. That build-up in implied volatility is the IV rush — the pre-earnings pattern this page is about — and it collapses the moment the numbers are out (the IV crush), which is why buying calls or puts the night before is usually a bet against the odds unless the move beats what was priced. Below: what the IV rush is, how FUTU's looks, and what holding through it has cost.

Options price

±9.4%

for Nov 19, 2026 · before market open

Avg move (10Y)

±9.4%

peak earnings-day move

Key facts · cite as EarningsWatcher, November 12, 2026

FUTU options imply a ±9.4% move for Futu Holdings Ltd's Nov 19, 2026 earnings report (before market open), as of November 12, 2026.
An at-the-money FUTU straddle bought at the last close before the Nov 19, 2024 report was worth -44% at 10:00 the next morning (IV crush).

Source: https://earnings-watcher.com/wiki/futu-stock-before-earnings · refreshed daily from live options data · free to quote with attribution and a link.

FUTU live implied move & 10Y history → · FUTU stock after earnings → · Who is on the IV Rush Radar this week → · Who moves in sympathy this week → · How the IV rush trade works →

What holding FUTU options through the print actually cost

The clearest way to see IV crush: an at-the-money straddle bought one minute before the last close before Futu Holdings Ltd's report, marked at 10:00 the next morning. Both legs together — so this is the premium lost even after the stock moved:

Report	ATM straddle, last close → 10am next day
Nov 19, 2024	-44%
Aug 22, 2024	+10%
Mar 14, 2024	+30%
Aug 24, 2023	-63%
May 24, 2023	-34%
Mar 28, 2023	-10%
Nov 22, 2022	-31%
Aug 30, 2022	-37%
Mar 11, 2022	-5%
Nov 24, 2021	-43%
Aug 31, 2021	-45%
May 19, 2021	-32%
Mar 16, 2021	-22%
Nov 19, 2020	-54%

Out-of-the-money strangles lost more. Members see every strike and the same figures for the reports the radar tracks.

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Frequently asked questions

Should I buy FUTU before earnings?

That is a decision only you can make, and this page does not give advice. What the data says: options price a move of ±9.4% for the Nov 19, 2026 report, so a long call or put needs Futu Holdings Ltd to move more than that in the right direction to profit after IV crush.

Does FUTU implied volatility go up before earnings?

Typically yes: implied volatility in the nearest expiration builds as the report approaches because the event's expected move is priced into that expiration, then collapses once results are out.

When does FUTU IV peak before earnings?

At the last close before the report — the final session before the print carries the biggest step for most names, which is why an IV-rush trade is exited before that close and never held through the announcement.

What is FUTU's implied move for the next earnings?

Options currently price about ±9.4% for Nov 19, 2026 (before market open); the 10-year average move is about ±9.4%.