Options traders are pricing in an approximately 11% share-price move for Dlocal Ltd/Uruguay Class A around the company’s upcoming earnings announcement scheduled after the close on August 13, according to options data compiled by Bloomberg.
That implied move is a market estimate derived from option prices and represents the magnitude of a one-day swing investors expect the market to absorb following the results. Over the last eight Dlocal earnings releases, the stock's actual price reaction has diverged from what options implied in five instances, highlighting the difficulty of using implied volatility as a precise forecast of earnings-day performance.
Past earnings-related option signals and subsequent moves for Dlocal include the following instances:
- On May 14, options implied a 9.5% move; the stock declined 21.5%.
- On March 18, the implied move was 13.0%, while the actual price change was 4.6%.
- On November 12, 2025, options indicated a 15.8% move and the stock fell 1.6%.
- On August 13, 2025, the implied move was 14.7%, and the stock jumped 49.4%.
- On May 14, 2025, options suggested a 12.8% move, and the stock rose 27.9%.
- On February 27, 2025, the implied move was 19.0%, and the stock dropped 28.7%.
- On November 13, 2024, options data showed a 13.3% implied move, with the stock gaining 22.4%.
- On August 14, 2024, the implied move was 16.2%, and the actual price change was 11.7%.
These historical comparisons show a wide range of outcomes: sometimes the stock moved far more than the options market implied, and other times it moved significantly less. The options-implied figure is a market consensus derived from current option prices rather than a guarantee of future performance.
For investors and traders, the options-implied move can serve as a gauge of expected risk around an earnings event, but past instances with Dlocal demonstrate that realized moves can deviate materially in either direction.