Earnings are back in focus on Wednesday and the options market is already laying down a roadmap for how volatile these prints could be. For retail investors, implied moves can be a quick way to gauge how much uncertainty is baked into the setup — and how much the tape could swing once results and guidance hit, according to Benzinga Pro.
The marquee name on this Benzinga-selected list is BILL Holdings, but the biggest implied move is saved for the final section as the countdown runs from the calmest setup to the most volatile.
5. ZIM Integrated Shipping Services Ltd. | Mkt Cap: $3.5B | Implied Move: 6.13%
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reports second quarter of 2026 results before the opening bell. Wall Street is looking for $1.08 in earnings per share on $1.65 billion in revenue, compared with 19 cents on $1.64 billion a year ago.
Benzinga Pro data show options are pricing in a 6.13% move around the print, the smallest implied swing in this five-stock watchlist. Even so, that still translates into about $215 million of market value at stake based on the company’s $3.5 billion market cap.
ZIM Integrated Shipping Services runs an asset-light container liner shipping business, so the quarter can turn on freight rates, volumes and how management frames demand into the back half. The stock carries a Sell consensus rating, and the stock is trading well above the 180-day average analyst price forecast. In June, JP Morgan and Barclays reiterated Underweight ratings while raising their price forecast.
Shares have rallied in 2026, up 31.5% year-to-date and trading 22.2% above the 200-day moving average. The stock sits about 136% above the 52-week low of $12.33.
4. Webull Corp. | Mkt Cap: $4.3B | Implied Move: 8.14%
Webull Corp. (NASDAQ:BULL) reports second quarter of 2026 results after the closing bell. Consensus estimates call for 3 cents in earnings per share on $181.26 million in revenue, versus 5 cents on $131.49 million in the prior-year quarter.
Options traders are implying an 8.14% move, according to Benzinga Pro, putting roughly $349 million of market value in play given Webull’s $4.29 billion market cap. For a retail-facing brokerage platform, that implied swing underscores how sensitive sentiment can be to user activity and revenue growth.
Webull operates a digital investment platform aimed at a new generation of investors, emphasizing low-cost access and ease of use. The stock carries a Buy consensus rating, and the share price sits well below the 180-day average analyst price forecast. Rosenblatt reiterated its Buy rating in July and raised its price forecast.
The stock has declined in 2026, down 0.4% year-to-date, but it’s still trading 11.8% above the 200-day moving average. The shares sit about 53% below the 52-week high of $17.08.
3. Ionic Digital Inc. | Mkt Cap: $3B | Implied Move: 12.13%
Ionic Digital Inc. (NASDAQ:IOND) reports second quarter of 2026 results after the closing bell. Consensus EPS and revenue estimates were not available in the dataset for this report, leaving investors more reliant on the company’s own updates and any forward-looking commentary.
Even without those Street benchmarks, the options market is still flagging a potentially sharp reaction: Benzinga Pro shows an implied move of 12.13%. With a market cap of $2.96 billion, that’s about $359 million of market value at stake.
Ionic Digital aims to be a leading bitcoin mining company within the digital assets ecosystem, a business where results can be heavily influenced by network conditions and the broader crypto tape. With no consensus rating information provided here, the options-implied move becomes one of the clearest signals of how much uncertainty traders see around the release.
2. BILL Holdings, Inc. | Mkt Cap: $4.9B | Implied Move: 14.34%
BILL Holdings, Inc. (NYSE:BILL) reports fourth quarter of 2026 results after the closing bell. Analysts expect 62 cents in earnings per share on $430.36 million in revenue, compared with 53 cents on $383.35 million a year ago.
According to Benzinga Pro, options are pricing in a 14.34% move, one of the larger implied swings on this Benzinga-selected list. With BILL valued at $4.87 billion, that implies about $699 million of market cap in play around the report.
BILL sells cloud-based payments and spend-and-expense management software that helps customers automate accounts payable and accounts receivable workflows. The stock carries a Buy consensus rating, and shares trade close to the 180-day average analyst price forecast. Recent Street activity has been mixed: TD Cowen initiated coverage with a Buy rating in June, while Truist Securities downgraded the stock to Hold in June before reiterating Hold and raising its price forecast in July.
The stock has declined in 2026, down 4.1% year-to-date, even as it trades 11.7% above the 200-day moving average. The shares sit about 56% above the 52-week low of $31.41.
1. COTY Inc. | Mkt Cap: $2.3B | Implied Move: 20.88%
COTY Inc. (NYSE:COTY) reports fourth quarter of 2026 results after the closing bell. Wall Street is modeling a 1 cent per share loss on $1.19 billion in revenue, compared with a 5 cent per share loss on $1.25 billion a year ago.
Benzinga Pro data show the options market is implying a 20.88% move — the widest implied swing in this five-stock lineup. With a market cap of $2.33 billion, that’s roughly $487 million of market value at stake.
COTY is a global beauty maker, generating 65% of sales from prestige beauty products (primarily fragrances) and 35% from mass makeup, skin care and fragrance — a mix that can make guidance and category commentary as important as the headline numbers. The stock carries a Hold consensus rating, and the stock is trading well below the 180-day average analyst price forecast. In May, Citigroup and TD Cowen reiterated Neutral/Hold stances while raising their price forecasts, and RBC Capital reiterated an Outperform rating.
The stock has declined in 2026, down 14.1% year-to-date and trading 0.3% above the 200-day moving average. The shares sit about 47% below the 52-week high of $5.08.
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