Earnings are back in focus on Wednesday and the options market is already putting numbers on the potential post-print volatility. For retail investors, implied moves can be a quick read on where expectations — and risk — are concentrated, according to Benzinga Pro.
This is a Benzinga-selected watchlist spanning semiconductors, enterprise software and retail. The marquee name on the list is Nvidia, but the biggest implied swing is saved for the final section as the countdown runs from the calmest setup to the most volatile.
9. Nvidia | Mkt Cap: $5.1T | Implied Move: 5.60%
Nvidia Corp (NASDAQ:NVDA) reports second quarter of 2027 results after the closing bell. Wall Street is looking for $2.09 in earnings per share on $92.03 billion in revenue, up from $1.04 and $46.74 billion a year ago.
Benzinga Pro data show options are pricing in a 5.60% move, which is the smallest implied move on this Benzinga-selected list — but it still represents $286 billion of market value at stake given Nvidia’s $5.11 trillion market cap.
Nvidia remains the bellwether for GPU demand across AI infrastructure, with its chips still central to both data-center buildouts and legacy graphics workloads. The stock carries a Buy consensus rating, and the stock is trading well below the 180-day average analyst price forecast; in August, Raymond James reiterated its Strong Buy rating and raised its price forecast, while Rosenblatt reiterated its Buy rating.
Shares have rallied in 2026, up 10.4% year-to-date and trading 8.1% above the 200-day moving average. The shares sit about 29% above the 52-week low of $164.07.
8. Salesforce | Mkt Cap: $170B | Implied Move: 6.77%
Salesforce, Inc. (NYSE:CRM) reports second quarter of 2027 results after the closing bell. Consensus estimates call for $3.09 in EPS on $11.32 billion in revenue, compared with $2.91 and $10.24 billion in the prior-year quarter.
Options traders are implying a 6.77% move, according to Benzinga Pro, putting about $11.5 billion of market value in play around the print.
Salesforce’s results tend to hinge on enterprise demand for cloud software and the pace of customer spending on its CRM platform and related tools. The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast; in August, BMO Capital reiterated its Outperform rating and raised its price forecast, while BTIG reiterated its Buy rating.
The stock has declined in 2026, down 17.6% year-to-date and trading 3.2% above the 200-day moving average. The shares sit about 23% below the 52-week high of $269.11.
7. CrowdStrike | Mkt Cap: $196B | Implied Move: 7.59%
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reports second quarter of 2027 results after the closing bell. The Street is modeling 24 cents in EPS on $1.44 billion in revenue, versus 23 cents and $1.17 billion a year ago.
Benzinga Pro shows the options market is pricing a 7.59% move, a meaningful swing for a company with a $196 billion market cap — roughly $14.9 billion of market value at stake.
CrowdStrike Holdings sells cloud-native cybersecurity across endpoint, cloud workload, identity and security operations, and earnings often become a referendum on security budgets and platform consolidation. The stock carries a Buy consensus rating and the 180-day average analyst price forecast is above where the stock trades; in August, Jefferies reiterated its Buy rating and raised its price forecast, while Scotiabank reiterated its Sector Outperform rating and cut its price forecast.
Shares have rallied in 2026, up 68.2% year-to-date, trading 38.2% above the 200-day moving average since the 50-day moving average crossed above the 200-day in May. The shares sit about 16% below the 52-week high of $227.50.
6. Synopsys Inc. | Mkt Cap: $76B | Implied Move: 8.08%
Synopsys Inc. (NASDAQ:SNPS) reports third quarter of 2026 results after the closing bell. Analysts expect $3.47 in EPS on $2.44 billion in revenue, compared with $3.39 and $1.74 billion in the year-ago period.
According to Benzinga Pro, options are implying an 8.08% move, which equates to about $6.11 billion of market value at stake for Synopsys.
Synopsys provides electronic design automation software and intellectual property used in chip design, tying its outlook to semiconductor R&D cycles and customer demand for more complex designs. The stock carries a Buy consensus rating and shares trade well below the 180-day average analyst price forecast; in August, Morgan Stanley reiterated its Equal-Weight rating and cut its price forecast.
The stock has pulled back in 2026, down 17.9% year-to-date, trading 11.4% below the 200-day moving average after the 50-day moving average crossed below the 200-day in July. The shares sit about 36% below the 52-week high of $615.79.
5. HP Inc. | Mkt Cap: $26B | Implied Move: 9.30%
HP Inc. (NYSE:HPQ) reports third quarter of 2026 results after the closing bell. Wall Street is looking for 66 cents in EPS on $14.43 billion in revenue, down from 75 cents a year ago, while revenue is seen rising from $13.93 billion.
Benzinga Pro data show a 9.30% implied move, putting roughly $2.44 billion of market value at stake for HP’s $26.3 billion market cap.
HP is a major player in PCs and printing, so the quarter can turn on device demand, pricing and any signs of stabilization in corporate refresh cycles. The stock carries a Hold consensus rating and the stock is trading above the 180-day average analyst price forecast; recent August notes included Morgan Stanley reiterating an Underweight rating and cutting its price forecast, while Evercore ISI Group reiterated an In-Line rating and raised its price forecast.
Shares have rallied in 2026, up 29.2% year-to-date, trading 27.1% above the 200-day moving average since the 50-day moving average crossed above the 200-day in June. The shares sit about 64% above the 52-week low of $17.56.
4. Bath & Body Works | Mkt Cap: $3.9B | Implied Move: 10.27%
Bath & Body Works, Inc. (NYSE:BBWI) reports second quarter of 2026 results before the opening bell. Consensus calls for 21 cents in EPS on $1.49 billion in revenue, compared with 37 cents and $1.55 billion in the prior-year quarter.
Options are pricing in a 10.27% move, according to Benzinga Pro, with about $397 million of market value at stake for Bath & Body Works.
Bath & Body Works sells home fragrance and body care products under brands including Bath & Body Works and White Barn, making the print a check on discretionary spending and promotional intensity. The stock carries a Hold consensus rating and the share price sits below the 180-day average analyst price forecast; in August, Citigroup upgraded the stock to Buy, while JP Morgan reiterated its Neutral rating and raised its price forecast.
The stock has pulled back in 2026, down 7.6% year-to-date, trading 5.1% below the 200-day moving average after the 50-day moving average crossed above the 200-day in August. The shares sit about 41% below the 52-week high of $32.32.
3. Okta, Inc. | Mkt Cap: $23B | Implied Move: 11.35%
Okta, Inc. (NASDAQ:OKTA) reports second quarter of 2027 results after the closing bell. The Street is forecasting 86 cents in EPS on $792.85 million in revenue, versus 91 cents and $728.00 million a year ago.
Benzinga Pro shows an 11.35% implied move, which is a sizable volatility setup for a $22.8 billion company — about $2.58 billion of market value at stake.
Okta focuses on identity and access management, and earnings often come down to subscription momentum and customer adoption across workforce and customer identity products. The stock carries a Buy consensus rating and the 180-day average analyst price forecast is above where the stock trades; in August, JP Morgan, Morgan Stanley, and BMO Capital raised their price forecasts.
Shares have rallied in 2026, up 56.6% year-to-date, trading 33.1% above the 200-day moving average since the 50-day moving average crossed above the 200-day in June. The shares sit about 17% below the 52-week high of $157.00.
2. Kohls | Mkt Cap: $2.1B | Implied Move: 13.18%
Kohls Corp. (NYSE:KSS) reports second quarter of 2026 results before the opening bell. Analysts expect 55 cents in EPS on $3.39 billion in revenue, compared with 56 cents and $3.55 billion in the year-ago quarter.
Benzinga Pro data put the implied move at 13.18%, with about $272 million of market value at stake for Kohls’ $2.06 billion market cap.
Kohls operates about 1,150 department stores and sells a mix of private-label and national brands, so investors will be watching for signals on traffic, merchandising and the broader consumer backdrop. The stock carries a Hold consensus rating and shares trade above the 180-day average analyst price forecast; in August, JP Morgan reiterated its Underweight rating and raised its price forecast.
The stock has declined in 2026, down 14.2% year-to-date, trading 6.9% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. The shares sit about 27% below the 52-week high of $25.22.
1. Abercrombie & Fitch | Mkt Cap: $5.1B | Implied Move: 13.26%
Abercrombie & Fitch Co. (NYSE:ANF) reports second quarter of 2026 results before the opening bell. Wall Street is looking for $2.37 in EPS on $1.25 billion in revenue, up from $2.32 and $1.21 billion a year ago.
According to Benzinga Pro, options are pricing in a 13.26% move — the widest implied move on this Benzinga-selected list — with about $676 million of market value at stake for Abercrombie & Fitch.
Abercrombie & Fitch is a digitally led, omnichannel apparel retailer selling across men’s, women’s and kids categories, and the quarter will be read for demand trends and any shifts in promotional cadence. The stock carries a Buy consensus rating and the stock is trading below the 180-day average analyst price forecast; in August, Telsey Advisory Group reiterated its Outperform rating and raised its price forecast, while Raymond James downgraded the stock to Market Perform.
The stock has declined in 2026, down 9.2% year-to-date, trading 21.3% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. The shares sit about 74% above the 52-week low of $65.45.
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