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The market today is pricing in distinct implied moves for the earnings releases of several stocks, including JBL, FDS, CAG, CALM, MU, PRGS, and BSET. Understanding how to extract, interpret, and act on these implied moves can give a quantitative edge when building short‑term trading models. This article walks through the theory, the math, and practical steps for turning the raw numbers into actionable signals. From Option Prices to Implied Move Implied move is a shorthand for the expected price swing of a stock over a specific horizon, usually derived from the at‑the‑money straddle price. The straddle cost approximates twice the expected one‑standard‑deviation move, assuming a roughly symmetric distribution....