ConocoPhillips Could Swing $4.94 Billion In Value After Earnings - Cloudflare (NYSE:NET), Datadog (NASDAQ
Benzinga Pro says options pricing ahead of upcoming earnings implies post-report moves for ConocoPhillips (3.47%, about $4.94B value), Howmet Aerospace (6.74%, $7.79B), Cloudflare (11.78%, $12.7B), and Datadog (13.31%, $13.9B). The article also notes each stock’s 2026 YTD gains and distance from key moving averages and 52-week highs.
How this was made
The 30-second read
Why it matters
Because the newest concrete data is options-implied move, the trading takeaway is primarily event-risk sizing rather than directional conviction.
Market read
Traders are being told how large the market expects the earnings reaction to be for each stock, with the software names showing much higher implied volatility than the energy/aerospace names.
What to watch
The piece lacks strike-by-strike skew, event-day liquidity details, and whether guidance is expected to be a major driver versus results, all of which affect how traders should size options risk.
Background
The article frames a Benzinga Pro watchlist ahead of Thursday earnings, using options-implied moves to estimate potential post-print value swings.
Ticker impact
ConocoPhillips options market implies a 3.47% post-earnings move, equating to about $4.94B in market value at stake.
Expect a comparatively contained post-print reaction versus the other listed stocks, with realized move likely clustering near the 3.47% implied range.
The article provides only options-implied move and positioning metrics (YTD, distance to 200-day and 52-week high), with no new earnings/guidance datapoint.
Howmet Aerospace options are pricing a 6.74% implied move into earnings, or roughly $7.79B of market value.
Likely larger swing than COP, but smaller than the Cloudflare and Datadog setups in this article.
The only actionable input is the implied move from options; the body does not disclose any new fundamental earnings detail.
Cloudflare options imply an 11.78% earnings move, translating to about $12.7B of market value at stake.
High probability of a large realized move, with direction dependent on the earnings/guidance release.
The article quantifies implied move and proximity to the 52-week high, but does not provide any new earnings numbers or guidance.
Datadog options price a 13.31% implied move into earnings, or about $13.9B of market value at stake.
Expect the largest post-print swing among the four, with realized volatility likely tracking the implied range.
The article is a volatility/risk setup using implied move only; it contains no new earnings results or guidance.
Market effects
Energy and high-momentum software are grouped, but the article provides no sector-specific fundamental catalyst beyond earnings-volatility expectations.
No regional macro or cross-market linkage is discussed.
No global demand, commodity, or geopolitical driver is introduced; the focus is options-implied move into earnings.
Counterpoint
Implied moves can overstate realized volatility if earnings are broadly in-line; the article does not show any evidence of a specific surprise catalyst.
Key entities
- companyConocoPhillips
Energy company listed as the lowest implied-move setup in the watchlist (3.47%).
- companyHowmet Aerospace Inc.
Aerospace supplier listed with a mid-range implied move (6.74%).
- companyCloudflare
Software name listed with higher implied move (11.78%).
- companyDatadog, Inc.
Software name listed with the highest implied move (13.31%).
