# mrkts: IPOs, markets, economic releases, this week's earnings and Options 101 Canonical URL: https://mrkts.gg/llms-full.txt Last updated: Nov 15, 2026, 11:00 AM ET Each section below is also its own page (the canonical URL in each section) and its own markdown copy (that URL plus ".md"). The site map is https://mrkts.gg/llms.txt. --- # Anthropic IPO: how to get shares before ANT trades Canonical URL: https://mrkts.gg/ipo/anthropic Last updated: Nov 12, 2026, 8:29 AM ET Which brokers can get you into the Anthropic IPO at the offer price, who qualifies, and every step from the S-1 to the first trade. Updated as the deal moves. ## Status Roadshow underway at a $70.00 to $78.00 range for 825,000,000 Class A shares. Anthropic's IPO website, filed with the SEC, says pricing is expected Nov 18 and the first trade Nov 19, subject to regulatory clearance. Fidelity, SoFi and E*TRADE take ANT requests on their own pages; Fidelity expects its window to close Nov 17 at 4:00 PM ET. ## Key facts - Exchange: Nasdaq - Expected ticker: ANT. Applied to list Class A common stock on the Nasdaq Global Select Market under "ANT", per the Nov 10 S-1/A cover. Source: [SEC EDGAR: S-1/A No. 2](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - Lead underwriters: Goldman Sachs & Co. LLC, Morgan Stanley. Listed first among 22 banks on the S-1/A cover. Source: [SEC EDGAR: S-1/A No. 1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm) - Price range: $70.00–$78.00 per share. Estimated range on the Nov 10 S-1/A cover. The final price is set at pricing. Source: [SEC EDGAR: S-1/A No. 2](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - Retail selling group: Schwab, Fidelity, Robinhood, Trade-PMR, SoFi, E*TRADE. The S-1/A says the company anticipates a portion of the shares will be offered to retail investors through these platforms as selling group members, on each platform's own terms. Fidelity, SoFi and E*TRADE have ANT participation pages of their own; the others haven't posted one yet. Source: [SEC EDGAR: S-1/A No. 2](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - Shares offered: 825,000,000 Class A shares. 801,351,354 from Anthropic and 23,648,646 from selling stockholders. Underwriters have an option to buy up to 123,750,000 more from Anthropic. Source: [SEC EDGAR: S-1/A No. 2](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - Valuation at the offer: n/a. Set when the deal prices. - Talked valuation: About $1.2T–$1.3T. Prospective buyers discussing this range after the AI selloff, down from roughly $1.4T–$1.5T. Not an official range. Source: [Bloomberg via Quartz](https://qz.com/anthropic-ipo-valuation-expectations-fall-ai-selloff-110626) - Retail offers outside the US: UK, Australia, Canada, Japan, EEA and Switzerland. Free writing prospectuses filed Nov 12 describe a UK retail offer through RetailBook's platform, an Australian prospectus with CommSec as lead Australian retail broker, a Canadian preliminary prospectus, a Japanese registration statement, and an EEA prospectus approved by Germany's BaFin for Germany, Denmark, Finland, France, Ireland, the Netherlands, Norway, Spain and Sweden, also filed in Switzerland. Source: [SEC EDGAR: Anthropic filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002130357&type=FWP&dateb=&owner=include&count=40) ## Timeline "Confirmed" dates come from the company or its SEC filings. "Reported" dates come from press reports and aren't confirmed yet. - **Confidential draft S-1**: Jun 1, 2026 · Confirmed. Filed privately with the SEC. Source: [SEC EDGAR: DRS](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002130357&type=DRS&dateb=&owner=include&count=40) - **Public S-1**: Oct 26, 2026 · Confirmed. The prospectus goes public, with the ANT ticker on Nasdaq. Source: [SEC EDGAR: S-1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm) - **Amended S-1 with Q3 numbers**: Nov 2, 2026 · Confirmed. Amendment No. 1 adds results for the nine months to Sep 30, 2026 and names the retail selling group. Price range and share count are still blank. Source: [SEC EDGAR: S-1/A No. 1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm) - **Price range set**: Nov 10, 2026 · Confirmed. S-1/A No. 2 sets an estimated $70.00 to $78.00 per share for 825,000,000 Class A shares. Broker IPO programs usually open requests around now. Source: [SEC EDGAR: S-1/A No. 2](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - **Roadshow**: Nov 10, 2026 · Confirmed. Anthropic announced the roadshow launch on Nov 10. Management pitches the deal to investors and the banks build the order book. Source: [Anthropic: roadshow launch](https://www.anthropic.com/news/roadshow-launch) - **Fidelity offer period closes** (next): Nov 17, 4:00 PM ET (expected) · Expected. Fidelity's ANT page says its offer period is expected to close Tuesday, Nov 17 at 4:00 PM ET. Other brokers set their own windows. Source: [Fidelity: Anthropic IPO explained](https://www.fidelity.com/learning-center/trading-investing/anthropic-ipo-explained) - **Pricing**: Nov 18 (expected) · Expected. Anthropic's IPO website, filed with the SEC as a free writing prospectus, says the final share price is expected to be set on Nov 18, subject to regulatory clearance. CNBC and Fidelity's ANT page say the same. Source: [SEC EDGAR: FWP (Anthropic IPO website)](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072949/anthropicpbc-fwpipowebsi.htm) - **First trade**: Nov 19 (expected) · Expected. Anthropic's IPO website, filed with the SEC as a free writing prospectus, says shares are expected to begin trading on Nasdaq on Nov 19, and that brokers confirm allocations that day. Source: [SEC EDGAR: FWP (Anthropic IPO website)](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072949/anthropicpbc-fwpipowebsi.htm) ## SEC filings - [S-1/A Amendment No. 2 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm) - [SEC EDGAR: DRS](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002130357&type=DRS&dateb=&owner=include&count=40) - [SEC EDGAR: S-1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm) - [SEC EDGAR: S-1/A No. 1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm) - [SEC EDGAR: FWP (Anthropic IPO website)](https://www.sec.gov/Archives/edgar/data/2130357/000162828026072949/anthropicpbc-fwpipowebsi.htm) - [SEC EDGAR: Anthropic filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002130357&type=FWP&dateb=&owner=include&count=40) ## What's in the prospectus (filing of Nov 10, 2026) Anthropic reports revenue of $17.0 billion for the three months ended September 30, 2026, up 1,127% year over year, and a non-GAAP Adjusted Operating Income of $4,081 million for the first nine months of 2026. GAAP net loss for those nine months was $104.0 billion, mostly from a $94.3 billion change in the fair value of convertible notes, derivative liabilities and SAFEs. The company also discloses about $900.9 billion of committed spend, substantially all on compute and infrastructure, and a governance structure that keeps control with its Long-Term Benefit Trust and co-founders. | Figure | Value | Period | Note | | --- | --- | --- | --- | | Revenue | $17.0 billion | 3 months to Sep 30, 2026 | — | | Revenue | $33,242 million | 9 months to Sep 30, 2026 | $2,545 million in the same period of 2025 | | Revenue | $4,585 million | Year to Dec 31, 2025 | — | | Net loss | $104.0 billion | 9 months to Sep 30, 2026 | Includes a $94.3 billion change in fair value of convertible notes, derivative liabilities and SAFEs | | Adjusted Operating Margin (non-GAAP) | 12% | 9 months to Sep 30, 2026 | GAAP operating margin was (4)% | | Cash and cash equivalents | $95.6 billion | As of Sep 30, 2026 | Plus $36.3 billion of short-term investments | | Committed spend | approximately $900.9 billion | As of and after Sep 30, 2026 | Substantially all compute and infrastructure; approximately $70.7 billion due in the 12 months following Sep 30, 2026 | | Net Revenue Retention | approximately 900% | As of Sep 30, 2026 | — | | Estimated net proceeds | approximately $84.6 billion | At the assumed $74.00 midpoint price | From this offering and the concurrent private placement; approximately $93.7 billion if the underwriters' option is exercised in full | ### Business - Claude is sold through the Claude Platform for developers and through applications including Claude Code and Claude Cowork, which began merging with Claude.ai in September 2026. - Consumption-based revenue was $26.3 billion, or 79% of total revenue, for the nine months to Sep 30, 2026; subscriptions were $6.9 billion, or 21%. - More than 11,900 customers had $100,000 or more of trailing-twelve-month revenue as of Sep 30, 2026, more than 1,900 had $1 million or more, and approximately 250 had $10 million or more. - Claude is also sold through AWS, Google Cloud and Microsoft Azure, with Anthropic contracting directly with customers and paying each cloud provider a fee. ### Financials - Compute and infrastructure expenses were $18,808 million for the nine months to Sep 30, 2026, against revenue of $33,242 million. - The filing says revenue grew 1,127% year over year in the third quarter of 2026 while compute and infrastructure expenses grew 382%. - Operating loss was $1,260 million for the nine months to Sep 30, 2026, compared with $5,224 million a year earlier. - As of Sep 30, 2026 the company had raised an aggregate of $141.1 billion of capital. ### The offering - Class A common stock, applied for listing on the Nasdaq Global Select Market under the symbol ANT. - 825,000,000 shares at an estimated $70.00 to $78.00 per share: 801,351,354 from the company and 23,648,646 from selling stockholders, plus an underwriters' option for up to 123,750,000 more. - Advanced Micro Devices, Broadcom, Google, Micron, Microsoft, NVIDIA and TSMC Partners agreed to buy an aggregate of $26.0 billion of Class N common stock in a concurrent private placement at the IPO price. - Goldman Sachs & Co. LLC and Morgan Stanley lead the underwriters, and a portion of the shares is expected to go to retail investors through Schwab, Fidelity, Robinhood, Trade-PMR, SoFi and E*TRADE. ### Governance - Anthropic is a Delaware public benefit corporation whose stated purpose is the responsible development and maintenance of advanced AI for the long-term benefit of humanity. - The Long-Term Benefit Trust, through Class T stock, generally elects and removes the Class T directors, who will be a majority of the board. - A single share of Class F stock held by the co-founders' Founder LLC will carry 50.1% of total voting power on matters put to stockholders generally. - The company will be a controlled company under Nasdaq rules, so it can rely on exemptions from some governance requirements. ### Strengths - Revenue rose from $2,545 million to $33,242 million between the first nine months of 2025 and 2026. - Adjusted Operating Income turned positive at $4,081 million for the nine months to Sep 30, 2026, from $(3,133) million a year earlier. - No single customer was more than 10% of revenue for the nine months to Sep 30, 2026. - Cash and cash equivalents of $95.6 billion plus $36.3 billion of short-term investments as of Sep 30, 2026. ### Risks - Risk Factors: the company has a history of net losses, including $104.0 billion for the nine months to Sep 30, 2026, and may not achieve or sustain profitability. - Risk Factors: if actual compute needs differ materially from projections, the company may lack compute or be committed to excess compute, against about $900.9 billion of commitments. - Risk Factors: the top five customers were approximately 25% of revenue for the nine months to Sep 30, 2026, and many are not on long-term contracts. - Risk Factors: the company has incurred significant indebtedness, and its ability to service it may be constrained by cash flows and liquidity. - Risk Factors: the capital structure, with the LTBT's Class T directors and the Founder LLC's 50.1% voting share, may effectively eliminate Class A holders' ability to influence important decisions, including a change in control. ## Questions ### Can I buy Anthropic stock before it trades? Only through a broker that gets an allocation in the IPO and offers it to customers. The S-1/A says the company expects to offer part of the deal to retail investors through Schwab, Fidelity, Robinhood, Trade-PMR, SoFi and E*TRADE, on each platform's own terms. Fidelity, SoFi and E*TRADE now explain ANT requests on their own pages; Fidelity expects its offer period to close Nov 17 at 4:00 PM ET. Robinhood and Schwab haven't posted ANT pages yet. Otherwise you can buy once ANT opens for trading. ### When does ANT start trading? Anthropic's IPO website, filed with the SEC on Nov 12, says the price is expected to be set on Nov 18 and shares are expected to begin trading on Nov 19, subject to regulatory clearance. Those dates can still move; we update the timeline if they do. ### What will the IPO price be? The Nov 10 S-1/A sets an estimated range of $70.00 to $78.00 per share. The final price is set at pricing, usually the night before trading starts. --- # Kalshi: trade the odds on the Fed, CPI and earnings, legally in the US Canonical URL: https://mrkts.gg/markets/kalshi Last updated: Nov 11, 2026, 12:00 PM ET Kalshi is a US exchange, regulated by the CFTC, where you buy and sell contracts on the outcome of real events. Here's how it works, who can use it, and the risks. ## At a glance - Type: Prediction market - Who it's for: USA - What you trade: Yes/No contracts on real events, priced from 1 to 99 cents - Regulator: The US Commodity Futures Trading Commission (CFTC) Source: https://help.kalshi.com/en/articles/14026044-can-i-trade-on-kalshi-from-outside-the-united-states - Outside the US: Open in many countries; card, wire ($1,000 minimum) or crypto deposits Source: https://help.kalshi.com/en/articles/14026044-can-i-trade-on-kalshi-from-outside-the-united-states ## How it works 1. **Pick an event.** Choose a question, like whether the Fed cuts rates at its next meeting. 2. **Choose Yes or No.** Each contract costs between 1 and 99 cents. That price is the market's odds. 3. **Wait for the result.** A winning contract pays $1. A losing one pays nothing. You can also sell before then. ## Who can use it Kalshi serves US traders and many other countries. Its member agreement lists where it doesn't operate, and it checks your location when you sign up. ## Risks - You can lose everything you put into a contract if the outcome goes the other way. - Sign-up credits can come with withdrawal limits. Read the offer's terms before you deposit. - Odds are a market price, not a forecast we stand behind. ## Our relationship mrkts has a referral link with Kalshi and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Kalshi's own pages, checked 2026-11-11. --- # Polymarket: trade the odds on the Fed, CPI and earnings Canonical URL: https://mrkts.gg/markets/polymarket Last updated: Nov 11, 2026, 12:00 PM ET Polymarket lets you buy and sell shares in the outcome of real events. The price of a share is the market's odds. Here's how it works, what it costs, and who can use it. ## At a glance - Type: Prediction market - Who it's for: Non-USA - What you trade: Yes/No shares on real events, priced from 0 to 100 cents - US traders: Polymarket US, a CFTC-regulated exchange (polymarket.us) Source: https://polymarket.com/tos - Fees: Fees on some markets; geopolitics and world-event markets are fee-free Source: https://docs.polymarket.com/programs/referral-program ## How it works 1. **Pick an event.** Choose a question, like where CPI lands or whether a company beats earnings. 2. **Choose Yes or No.** Each share costs between 0 and 100 cents. That price is the market's odds. 3. **Wait for the result.** A winning share pays $1. A losing one pays nothing. You can also sell before then. ## Who can use it polymarket.com doesn't take new trades from the US, the UK, Ontario and a list of other places. US traders use Polymarket US instead, and our links send you to the one you can use. ## Risks - You can lose everything you put into a position if the outcome goes the other way. - Odds are a market price, not a forecast we stand behind. ## Our relationship mrkts has a referral link with Polymarket and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Polymarket's own pages, checked 2026-11-11. --- # Hyperliquid: perpetual futures, on-chain Canonical URL: https://mrkts.gg/markets/hyperliquid Last updated: Nov 11, 2026, 12:00 PM ET Hyperliquid is an on-chain exchange for perpetual futures on crypto and more. Here's how it works, what it costs, who can use it, and the risks of leverage. ## At a glance - Type: Perpetual futures exchange - Who it's for: Non-USA - What you trade: Perpetual futures (no expiry), with leverage ## How it works 1. **Connect a wallet.** You trade from a crypto wallet, not a brokerage account. 2. **Deposit collateral.** Your deposit backs your positions. It's also what you can lose. 3. **Open a position.** Take either side of a market with the leverage you choose. Higher leverage means a smaller move can close you out. ## Who can use it Hyperliquid's app doesn't serve the US and some other places. If you're in one, our link shows a notice instead of sending you there. ## Risks - Perpetual futures use leverage. A small move against you can wipe out your whole deposit. - On-chain trading means you hold your own wallet keys. Lost keys can't be recovered. ## Our relationship mrkts has a referral link with Hyperliquid and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Hyperliquid's own pages, checked 2026-11-11. --- # Fomo: a social app for trading crypto, from your phone Canonical URL: https://mrkts.gg/markets/fomo Last updated: Nov 11, 2026, 12:00 PM ET Fomo is a crypto trading app where you can buy and sell coins on Solana, Base and other chains, and see what other traders are buying. Here's how it works, what it costs, who can use it, and the risks. ## At a glance - Type: Crypto trading app - Who it's for: USA + Global - What you trade: Crypto tokens on Solana, Base, BNB Chain, Ethereum and other chains, by swapping - Your wallet: Non-custodial: the app makes a wallet for you, and you can export its private keys Source: https://fomo.family/terms - Fees: 0.50% per trade on most tokens, with a small minimum on Solana; 0.05% on some major tokens Source: https://help.fomo.family/en/articles/14436214-trading-fees-on-fomo ## How it works 1. **Get the app.** Sign up on your phone or the web. The app makes a wallet for you. 2. **Add funds.** Deposit crypto to trade with. Apply the referral before your first trade. 3. **Trade and follow.** Swap into tokens on Solana, Base and other chains, and see what other traders buy. ## Who can use it Fomo is open in the US and most other countries for crypto trading. Its perpetual futures and stock tokens aren't open to US persons. It doesn't serve the sanctioned places in its terms, such as Cuba, Iran, North Korea and occupied parts of Ukraine. ## Risks - Memecoins and small tokens can drop to zero in minutes. Only trade what you can afford to lose. - You hold your own wallet keys. Lost keys or a signed scam transaction can't be undone. - Following other traders isn't a strategy. They can be wrong, or selling to you. ## Our relationship mrkts has a referral link with Fomo and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Fomo's own pages, checked 2026-11-11. --- # CPI: the Consumer Price Index Canonical URL: https://mrkts.gg/econ/cpi Last updated: Nov 15, 2026, 11:00 AM ET When the next CPI report comes out, what the street expects, and how stocks took the last six inflation prints. ## Next release - Date: Thursday, December 10, 2026 - Time: 8:30 AM ET - Covers: November 2026 data The forecast and prior post here the week of the release. After that: Wed, Jan 13, 2027 · Thu, Feb 11, 2027 ## Past releases The last 6 published releases, newest first. S&P 500 is the close-to-close change on release day. | Released | Period | Reading | Actual | Forecast | Prior | S&P 500 | | --- | --- | --- | --- | --- | --- | --- | | Nov 10, 2026 | October 2026 | Core M/M | +0.3% | +0.2% | +0.3% | -0.4% | | | | Headline M/M | +0.4% | +0.3% | +0.6% | | | Oct 14, 2026 | September 2026 | Core M/M | +0.3% | +0.2% | +0.3% | -1.1% | | | | Headline Y/Y | +3.7% | +3.6% | +3.4% | | | | | Core Y/Y | +2.6% | +2.5% | +2.4% | | | Sep 11, 2026 | August 2026 | Core M/M | +0.3% | +0.2% | +0.2% | +0.9% | | | | Headline Y/Y | +3.4% | +3.4% | +3.4% | | | | | Core Y/Y | +2.4% | +2.4% | +2.5% | | | Aug 12, 2026 | July 2026 | Core M/M | +0.2% | +0.2% | 0.0% | +0.3% | | | | Headline Y/Y | +3.4% | +3.4% | +3.5% | | | | | Core Y/Y | +2.5% | +2.5% | +2.6% | | | Jul 14, 2026 | June 2026 | Core M/M | 0.0% | +0.2% | +0.2% | +0.4% | | | | Headline Y/Y | +3.5% | +3.8% | +4.2% | | | | | Core Y/Y | +2.6% | +2.9% | +2.9% | | | Jun 10, 2026 | May 2026 | Core M/M | +0.2% | +0.3% | +0.4% | -1.6% | | | | Headline Y/Y | +4.2% | +4.2% | +3.8% | | | | | Core Y/Y | +2.9% | +2.9% | +2.8% | | - Nov 10, 2026: A hotter-than-forecast print revived bets on Fed hikes while long Treasury yields rose and stocks slipped. - Oct 14, 2026: Core and headline both ran a tenth above forecast; the S&P 500 fell 1.1% and the Nasdaq 100 2.0%. - Sep 11, 2026: Core month over month was a tenth hot while the annual rates matched forecasts; stocks rose about 0.9%. - Aug 12, 2026: Every reading matched the forecast; stocks edged higher and the 10-year slipped. - Jul 14, 2026: A broad downside miss, with flat core prices and headline inflation down from 4.2%; the 10-year fell 4bp and the Nasdaq 100 gained 1.1%. - Jun 10, 2026: Headline inflation reached 4.2% as expected while core came in a tenth soft; stocks still fell, the Nasdaq 100 by 2.0%. ## What it is CPI tracks what urban consumers pay for a fixed basket of goods and services. The Bureau of Labor Statistics publishes it monthly at 8:30 AM ET, about two weeks after the month ends. Markets trade the gap between the print and the forecast. A hotter number pushes rate-cut odds out and Treasury yields up, which tends to weigh on growth stocks. A cooler one does the opposite. Core CPI leaves out food and energy, which swing with weather and oil. The Fed and most traders treat core month-over-month as the number that matters. ## What traders watch first - Core CPI month over month, against the forecast to a tenth of a point - Shelter, the biggest piece of core and the slowest to turn - Core services excluding housing, the measure the Fed calls supercore - How the 2-year Treasury yield and rate-cut odds move in the first 30 minutes Release times are Eastern. Forecasts and priors for release week come from our market data provider's economic calendar; results come from Bureau of Labor Statistics. Market moves are close to close. --- # The jobs report: nonfarm payrolls Canonical URL: https://mrkts.gg/econ/jobs Last updated: Nov 15, 2026, 11:00 AM ET When the next jobs report comes out, what the street expects for payrolls and unemployment, and how stocks took the last six. ## Next release - Date: Friday, December 4, 2026 - Time: 8:30 AM ET - Covers: November 2026 data The forecast and prior post here the week of the release. After that: Fri, Jan 8, 2027 ## Past releases The last 6 published releases, newest first. S&P 500 is the close-to-close change on release day. | Released | Period | Reading | Actual | Forecast | Prior | S&P 500 | | --- | --- | --- | --- | --- | --- | --- | | Nov 6, 2026 | October 2026 | Payrolls | +165K | +55K | +29K | +0.3% | | | | Unemployment rate | 4.1% | 4.2% | 4.2% | | | | | Avg hourly earnings M/M | +0.4% | +0.3% | +0.1% | | | Oct 2, 2026 | September 2026 | Payrolls | +29K | +84K | +162K | +0.7% | | | | Unemployment rate | 4.2% | 4.1% | 4.1% | | | | | Avg hourly earnings M/M | +0.1% | +0.3% | +0.3% | | | Sep 4, 2026 | August 2026 | Payrolls | +162K | +53K | -23K | -0.4% | | | | Unemployment rate | 4.1% | 4.1% | 4.1% | | | | | Avg hourly earnings M/M | +0.3% | +0.3% | +0.1% | | | Aug 7, 2026 | July 2026 | Payrolls | -23K | +83K | +57K | +0.6% | | | | Unemployment rate | 4.1% | — | 4.2% | | | | | Avg hourly earnings M/M | +0.1% | — | +0.3% | | | Jul 2, 2026 | June 2026 | Payrolls | +57K | +115K | +172K | 0.0% | | | | Unemployment rate | 4.2% | — | 4.3% | | | | | Avg hourly earnings M/M | +0.3% | +0.3% | +0.3% | | | Jun 5, 2026 | May 2026 | Payrolls | +172K | +80K | +115K | -2.6% | | | | Unemployment rate | 4.3% | 4.3% | 4.3% | | | | | Avg hourly earnings M/M | +0.3% | +0.3% | +0.2% | | - Nov 6, 2026: Payrolls nearly triple the calendar forecast, unemployment dipped, and wages ran hot; chips bounced while equal-weight lagged and hike talk firmed. - Oct 2, 2026: Payrolls and wages both came in well short of forecasts and August was revised down; stocks rose as hike odds for October fell. - Sep 4, 2026: Payrolls tripled the forecast and July was revised to a gain; traders added to bets on a September hike and the S&P 500 slipped 0.4%. - Aug 7, 2026: An unexpected job loss with flat pay; yields fell, hike odds dropped and the Nasdaq 100 gained 1.2%. - Jul 2, 2026: Payrolls missed by half and May was revised down 43K; the unemployment rate fell mostly because fewer people were in the labor force. - Jun 5, 2026: Payrolls doubled the forecast with upward revisions; yields jumped 8bp and the Nasdaq 100 fell 4.8%. ## What it is The Employment Situation report counts jobs added outside farms, the unemployment rate and average hourly earnings. The Bureau of Labor Statistics usually publishes it on the first Friday of the month at 8:30 AM ET. A big payrolls beat can be bad news for stocks when inflation is the worry, because it argues against rate cuts. When growth is the worry, a weak number does more damage. Which way it cuts depends on what the market fears that month. The first payrolls figure is revised twice. Revisions to the prior two months often move markets as much as the headline. ## What traders watch first - Payrolls against the forecast, plus revisions to the prior two months - The unemployment rate, which the Fed watches closely - Average hourly earnings month over month, a read on wage inflation - The 2-year Treasury yield and rate-cut odds right after 8:30 Release times are Eastern. Forecasts and priors for release week come from our market data provider's economic calendar; results come from Bureau of Labor Statistics. Market moves are close to close. --- # FOMC: the Fed's rate decision Canonical URL: https://mrkts.gg/econ/fomc Last updated: Nov 15, 2026, 11:00 AM ET When the Fed decides on rates next, where the target range sits, and how stocks took the last six decisions. ## Next release - Date: Wednesday, December 9, 2026 - Time: 2:00 PM ET - Covers: December 2026 data The forecast and prior post here the week of the release. After that: Wed, Jan 27, 2027 · Wed, Mar 17, 2027 ## Past releases The last 6 published releases, newest first. S&P 500 is the close-to-close change on release day. | Released | Period | Reading | Actual | Forecast | Prior | S&P 500 | | --- | --- | --- | --- | --- | --- | --- | | Oct 28, 2026 | October 2026 | Fed funds target | 3.75%–4.00% | 3.75%–4.00% | 3.75%–4.00% | +0.3% | | Sep 16, 2026 | September 2026 | Fed funds target | 3.75%–4.00% | 3.75%–4.00% | 3.50%–3.75% | -0.4% | | Jul 29, 2026 | July 2026 | Fed funds target | 3.50%–3.75% | 3.50%–3.75% | 3.50%–3.75% | -1.5% | | Jun 17, 2026 | June 2026 | Fed funds target | 3.50%–3.75% | 3.50%–3.75% | 3.50%–3.75% | -1.2% | | Apr 29, 2026 | April 2026 | Fed funds target | 3.50%–3.75% | 3.50%–3.75% | 3.50%–3.75% | 0.0% | | Mar 18, 2026 | March 2026 | Fed funds target | 3.50%–3.75% | 3.50%–3.75% | 3.50%–3.75% | -1.4% | - Oct 28, 2026: Held after September's hike on a 10–2 vote, with two members favoring another increase. - Sep 16, 2026: Raised the range a quarter point, the first hike in three years, on a unanimous vote. - Jul 29, 2026: Held on a 9–3 vote, with three members favoring a hike; the S&P 500 fell 1.5%. - Jun 17, 2026: Held unanimously at Chair Kevin Warsh's first meeting; projections pointed to a possible hike later in the year. - Apr 29, 2026: Held on an 8–4 vote, the most dissents since 1992, three of them objecting to the statement's easing bias. - Mar 18, 2026: Held on an 11–1 vote, with Governor Miran favoring a cut; the S&P 500 fell 1.4%. ## What it is The Federal Open Market Committee sets the target range for the federal funds rate. It meets eight times a year and releases its statement at 2:00 PM ET on the second day of each meeting. The Chair's press conference starts at 2:30. Most decisions are priced in by the futures market before the day. Stocks move on the surprise, which usually sits in the statement wording, the dot plot at quarterly meetings, or the press conference. Four of the eight meetings come with a Summary of Economic Projections, including the dot plot of where each official expects rates to go. ## What traders watch first - The decision against what futures had priced the day before - Changes in the statement's wording from the last meeting - The dot plot and projections, at the quarterly meetings - Any dissents, and the tone of the press conference Release times are Eastern. Forecasts and priors for release week come from our market data provider's economic calendar; results come from Federal Reserve. Market moves are close to close. --- # Aaon (AAON) earnings Canonical URL: https://mrkts.gg/earnings/AAON Last updated: Nov 15, 2026, 11:00 AM ET Aaon (AAON) reports Monday, November 9 after the close. The street expects EPS of $0.57. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.57 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Alcon (ALC) earnings Canonical URL: https://mrkts.gg/earnings/ALC Last updated: Nov 15, 2026, 11:00 AM ET Alcon (ALC) reports Tuesday, November 10 after the close. The street expects EPS of $0.89. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: $0.89 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Applied Materials (AMAT) earnings Canonical URL: https://mrkts.gg/earnings/AMAT Last updated: Nov 15, 2026, 11:00 AM ET Applied Materials (AMAT) reports Thursday, November 12 after the close. The street expects EPS of $4.06. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $4.06 - Reported EPS: $4.16 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±5.7% over the last 8 reports, either direction ## Past reports The last 8, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 12, 2026 | Q4 FY2026 | After close | $4.06 | $4.16 | — | -2.8% | | Aug 13, 2026 | Q3 FY2026 | After close | $3.38 | $3.50 | ±6.3% | -5.1% | | May 14, 2026 | Q2 FY2026 | After close | $2.68 | $2.86 | ±6.9% | -0.9% | | Feb 12, 2026 | Q1 FY2026 | After close | $2.19 | $2.38 | ±6.7% | +8.1% | | Nov 13, 2025 | Q4 FY2025 | After close | $2.11 | $2.17 | ±4.9% | +1.2% | | Aug 14, 2025 | Q3 FY2025 | After close | $2.34 | $2.48 | ±4.7% | -14.1% | | May 15, 2025 | Q2 FY2025 | After close | $2.31 | $2.39 | ±4.6% | -5.3% | | Feb 13, 2025 | Q1 FY2025 | After close | $2.28 | $2.38 | ±4.4% | -8.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Affiliated Managers Group (AMG) earnings Canonical URL: https://mrkts.gg/earnings/AMG Last updated: Nov 15, 2026, 11:00 AM ET Affiliated Managers Group (AMG) reports Monday, November 9 before the open. The street expects EPS of $8.70. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $8.70 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Arrowhead Pharmaceuticals (ARWR) earnings Canonical URL: https://mrkts.gg/earnings/ARWR Last updated: Nov 15, 2026, 11:00 AM ET Arrowhead Pharmaceuticals (ARWR) reports Thursday, November 12 after the close. The street expects EPS of $-1.59. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $-1.59 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Ascendis Pharma a (ASND) earnings Canonical URL: https://mrkts.gg/earnings/ASND Last updated: Nov 15, 2026, 11:00 AM ET Ascendis Pharma a (ASND) reports Thursday, November 12 before the open. The street expects EPS of $1.13. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $1.13 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Ast Spacemobile (ASTS) earnings Canonical URL: https://mrkts.gg/earnings/ASTS Last updated: Nov 15, 2026, 11:00 AM ET Ast Spacemobile (ASTS) reports Monday, November 9 after the close. The street expects EPS of $-0.41. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $-0.41 - Reported EPS: $-0.44 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±6.5% over the last 5 reports, either direction ## Past reports The last 5, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | After close | $-0.41 | $-0.44 | — | $42.3M | ±15.7% | -8.7% | | Aug 10, 2026 | Q2 2026 | After close | — | — | — | — | — | +4.2% | | May 11, 2026 | Q1 2026 | After close | $-0.23 | $-0.66 | — | — | — | -11.6% | | Mar 2, 2026 | Q4 2025 | After close | $-0.18 | $-0.26 | — | — | — | +6.6% | | Nov 10, 2025 | Q3 2025 | After close | $-0.18 | $-0.45 | — | — | — | -1.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Barrick Gold Corp (B) earnings Canonical URL: https://mrkts.gg/earnings/B Last updated: Nov 15, 2026, 11:00 AM ET Barrick Gold Corp (B) reports Monday, November 9 before the open. The street expects EPS of $0.74. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $0.74 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Credicorp (BAP) earnings Canonical URL: https://mrkts.gg/earnings/BAP Last updated: Nov 15, 2026, 11:00 AM ET Credicorp (BAP) reports Monday, November 9 after the close. The street expects EPS of $7.51. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $7.51 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Belite Bio (BLTE) earnings Canonical URL: https://mrkts.gg/earnings/BLTE Last updated: Nov 15, 2026, 11:00 AM ET Belite Bio (BLTE) reports Thursday, November 12 after the close. The street expects EPS of $-0.73. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $-0.73 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Brookfield (BN) earnings Canonical URL: https://mrkts.gg/earnings/BN Last updated: Nov 15, 2026, 11:00 AM ET Brookfield (BN) reports Thursday, November 12 before the open. The street expects EPS of $0.72. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.72 - Reported EPS: $0.73 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±3.3% over the last 8 reports, either direction ## Past reports The last 8, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 12, 2026 | Q3 2026 | Before open | $0.72 | $0.73 | — | -1.0% | | Aug 13, 2026 | Q2 2026 | Before open | $0.64 | $0.66 | ±3.3% | +0.9% | | May 14, 2026 | Q1 2026 | Before open | $0.64 | $0.66 | ±3.5% | +5.4% | | Feb 12, 2026 | Q4 2025 | Before open | $0.61 | $0.67 | ±4.3% | +2.3% | | Nov 13, 2025 | Q3 2025 | Before open | $0.68 | $0.63 | ±5.7% | -6.6% | | Aug 7, 2025 | Q2 2025 | Before open | $0.60 | $0.39 | ±4.2% | -3.8% | | May 8, 2025 | Q1 2025 | Before open | $0.59 | $0.65 | ±4.5% | +3.1% | | Feb 13, 2025 | Q4 2024 | Before open | $0.59 | $0.67 | ±4.1% | +3.1% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Cae (CAE) earnings Canonical URL: https://mrkts.gg/earnings/CAE Last updated: Nov 15, 2026, 11:00 AM ET Cae (CAE) reports Wednesday, November 11 after the close. The street expects EPS of $0.19. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $0.19 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Cerebras Systems (CBRS) earnings Canonical URL: https://mrkts.gg/earnings/CBRS Last updated: Nov 15, 2026, 11:00 AM ET Cerebras Systems (CBRS) reports Thursday, November 12 after the close. The street expects EPS of $-0.13. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $-0.13 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Constellation Energy (CEG) earnings Canonical URL: https://mrkts.gg/earnings/CEG Last updated: Nov 15, 2026, 11:00 AM ET Constellation Energy (CEG) reports Monday, November 9 before the open. The street expects EPS of $3.89. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $3.89 - Reported EPS: $5.06 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±4.1% over the last 8 reports, either direction ## Past reports The last 8, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | Before open | $3.89 | $5.06 | ±5.9% | +10.5% | | Aug 6, 2026 | Q2 2026 | Before open | $2.36 | $2.55 | ±5.2% | -1.5% | | May 11, 2026 | Q1 2026 | Before open | $2.56 | $2.74 | ±6.5% | -1.3% | | Feb 24, 2026 | Q4 2025 | — | $2.20 | $2.30 | ±3.8% | +4.2% | | Nov 7, 2025 | Q3 2025 | Before open | $3.04 | $3.04 | ±4.9% | +2.0% | | Aug 7, 2025 | Q2 2025 | Before open | $1.83 | $1.91 | ±5.6% | -0.6% | | May 6, 2025 | Q1 2025 | Before open | $2.14 | $2.14 | ±6.3% | +10.3% | | Feb 25, 2025 | Q4 2024 | — | $2.19 | $2.44 | — | +2.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Bancolombia Sa (CIB) earnings Canonical URL: https://mrkts.gg/earnings/CIB Last updated: Nov 15, 2026, 11:00 AM ET Bancolombia Sa (CIB) reports Monday, November 9 after the close. The street expects EPS of $2.87. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $2.87 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Cnh Industrial (CNH) earnings Canonical URL: https://mrkts.gg/earnings/CNH Last updated: Nov 15, 2026, 11:00 AM ET Cnh Industrial (CNH) reports Monday, November 9 before the open. The street expects EPS of $0.10. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $0.10 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Coreweave (CRWV) earnings Canonical URL: https://mrkts.gg/earnings/CRWV Last updated: Nov 15, 2026, 11:00 AM ET Coreweave (CRWV) reports Tuesday, November 10 after the close. The street expects EPS of $-1.17. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: $-1.17 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±16.2% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 10, 2026 | Q3 2026 | After close | — | — | $3.55B | $3.66B | ±15.2% | +24.7% | | Aug 11, 2026 | Q2 2026 | After close | — | — | — | — | — | +19.3% | | May 7, 2026 | Q1 2026 | After close | — | — | — | — | — | -11.4% | | Feb 26, 2026 | Q4 2025 | After close | — | — | — | — | — | -18.5% | | Nov 10, 2025 | Q3 2025 | After close | — | — | — | — | — | -16.3% | | Aug 12, 2025 | Q2 2025 | After close | — | — | — | — | — | -20.8% | | May 14, 2025 | Q1 2025 | After close | — | — | — | — | — | -2.5% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Cisco Systems (CSCO) earnings Canonical URL: https://mrkts.gg/earnings/CSCO Last updated: Nov 15, 2026, 11:00 AM ET Cisco Systems (CSCO) reports Thursday, November 12 after the close. The street expects EPS of $1.33. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $1.33 - Reported EPS: $1.40 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±6.7% over the last 8 reports, either direction ## Past reports The last 8, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 12, 2026 | Q1 FY2027 | After close | $1.33 | $1.40 | — | -6.2% | | Aug 12, 2026 | Q4 FY2026 | After close | $1.17 | $1.08 | ±7.8% | -8.4% | | May 13, 2026 | Q3 FY2026 | After close | $1.04 | $0.90 | ±7.6% | +13.4% | | Feb 11, 2026 | Q2 FY2026 | After close | $1.02 | $0.88 | ±5.1% | -12.3% | | Nov 12, 2025 | Q1 FY2026 | After close | $0.98 | $0.81 | ±4.8% | +4.6% | | Aug 13, 2025 | Q4 FY2025 | After close | $0.97 | $0.81 | ±4.9% | -1.6% | | May 14, 2025 | Q3 FY2025 | After close | $0.91 | $0.78 | ±4.1% | +4.8% | | Feb 12, 2025 | Q2 FY2025 | After close | $0.91 | $0.77 | ±4.5% | +2.1% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Corteva (CTVA) earnings Canonical URL: https://mrkts.gg/earnings/CTVA Last updated: Nov 15, 2026, 11:00 AM ET Corteva (CTVA) reports Wednesday, November 11 after the close. The street expects EPS of $0.09. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $0.09 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Casella Waste Systems (CWST) earnings Canonical URL: https://mrkts.gg/earnings/CWST Last updated: Nov 15, 2026, 11:00 AM ET Casella Waste Systems (CWST) reports Monday, November 9 after the close. The street expects EPS of $0.37. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.37 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Dpc Holdings Plc (DPC) earnings Canonical URL: https://mrkts.gg/earnings/DPC Last updated: Nov 15, 2026, 11:00 AM ET Dpc Holdings Plc (DPC) reports Thursday, November 12 before the open. The street expects EPS of $0.15. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.15 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Ecopetrol Sa (EC) earnings Canonical URL: https://mrkts.gg/earnings/EC Last updated: Nov 15, 2026, 11:00 AM ET Ecopetrol Sa (EC) reports Tuesday, November 10 after the close. The street expects EPS of $0.69. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: $0.69 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Energy Co of Parana (ELPC) earnings Canonical URL: https://mrkts.gg/earnings/ELPC Last updated: Nov 15, 2026, 11:00 AM ET Energy Co of Parana (ELPC) reports Thursday, November 12 after the close. The street expects EPS of $0.13. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $0.13 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Enersys (ENS) earnings Canonical URL: https://mrkts.gg/earnings/ENS Last updated: Nov 15, 2026, 11:00 AM ET Enersys (ENS) reports Wednesday, November 11 after the close. The street expects EPS of $3.19. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $3.19 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Equinox Gold (EQX) earnings Canonical URL: https://mrkts.gg/earnings/EQX Last updated: Nov 15, 2026, 11:00 AM ET Equinox Gold (EQX) reports Monday, November 9 after the close. The street expects EPS of $0.17. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.17 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Ferguson (FERG) earnings Canonical URL: https://mrkts.gg/earnings/FERG Last updated: Nov 15, 2026, 11:00 AM ET Ferguson (FERG) reports Monday, November 9 before the open. The street expects EPS of $3.28. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $3.28 - Reported EPS: $3.43 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±7.9% over the last 5 reports, either direction ## Past reports The last 5, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q1 FY2027 | Before open | $3.28 | $3.43 | — | $9.03B | ±6.8% | +11.2% | | Aug 10, 2026 | — | Before open | $3.23 | $3.39 | — | — | — | +2.8% | | May 5, 2026 | — | Before open | — | — | — | — | — | -3.1% | | Jun 3, 2025 | — | Before open | $2.01 | $2.50 | — | — | — | +17.2% | | Mar 11, 2025 | — | Before open | $1.58 | $1.52 | — | — | — | -5.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Franco Nevada (FNV) earnings Canonical URL: https://mrkts.gg/earnings/FNV Last updated: Nov 15, 2026, 11:00 AM ET Franco Nevada (FNV) reports Wednesday, November 11 after the close. The street expects EPS of $1.77. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $1.77 - Reported EPS: $1.89 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±1.7% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 11, 2026 | Q3 2026 | After close | $1.77 | $1.89 | — | -0.4% | | Aug 11, 2026 | Q2 2026 | After close | $1.95 | $1.81 | — | -2.0% | | May 12, 2026 | Q1 2026 | After close | $2.09 | $2.38 | — | +1.6% | | Mar 10, 2026 | Q4 2025 | After close | $1.68 | $1.85 | — | +1.2% | | Nov 3, 2025 | Q3 2025 | After close | $1.37 | $1.43 | — | -1.7% | | Aug 11, 2025 | Q2 2025 | Before open | $1.10 | $1.24 | — | +2.4% | | May 8, 2025 | Q1 2025 | After close | $1.00 | $1.07 | — | +2.4% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Forgent Power Solutions (FPS) earnings Canonical URL: https://mrkts.gg/earnings/FPS Last updated: Nov 15, 2026, 11:00 AM ET Forgent Power Solutions (FPS) reports Thursday, November 12 before the open. The street expects EPS of $0.20. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.20 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Cgi (GIB) earnings Canonical URL: https://mrkts.gg/earnings/GIB Last updated: Nov 15, 2026, 11:00 AM ET Cgi (GIB) reports Wednesday, November 11 before the open. The street expects EPS of $1.64. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: Before the open - EPS estimate: $1.64 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±3.9% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 11, 2026 | Q4 FY2026 | Before open | — | — | — | C$4.15B | ±5.2% | -1.7% | | Jul 29, 2026 | — | Before open | — | — | — | — | — | +4.3% | | Apr 29, 2026 | — | Before open | — | — | — | — | — | -10.8% | | Jan 28, 2026 | — | Before open | — | — | — | — | — | -2.1% | | Nov 5, 2025 | — | Before open | $1.53 | $1.55 | — | — | — | +5.0% | | Jul 30, 2025 | — | Before open | $1.51 | $1.52 | — | — | — | -2.8% | | Apr 30, 2025 | — | Before open | $1.50 | $1.48 | — | — | — | -0.9% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Hudbay Minerals (HBM) earnings Canonical URL: https://mrkts.gg/earnings/HBM Last updated: Nov 15, 2026, 11:00 AM ET Hudbay Minerals (HBM) reports Thursday, November 12 before the open. The street expects EPS of $0.35. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.35 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # H&r Block (HRB) earnings Canonical URL: https://mrkts.gg/earnings/HRB Last updated: Nov 15, 2026, 11:00 AM ET H&r Block (HRB) reports Monday, November 9 after the close. The street expects EPS of $-1.40. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $-1.40 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Icl Group (ICL) earnings Canonical URL: https://mrkts.gg/earnings/ICL Last updated: Nov 15, 2026, 11:00 AM ET Icl Group (ICL) reports Wednesday, November 11 before the open. The street expects EPS of $0.11. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: Before the open - EPS estimate: $0.11 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Intercorp Financial Services (IFS) earnings Canonical URL: https://mrkts.gg/earnings/IFS Last updated: Nov 15, 2026, 11:00 AM ET Intercorp Financial Services (IFS) reports Monday, November 9 after the close. The street expects EPS of $1.46. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $1.46 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Immunovant (IMVT) earnings Canonical URL: https://mrkts.gg/earnings/IMVT Last updated: Nov 15, 2026, 11:00 AM ET Immunovant (IMVT) reports Monday, November 9 before the open. The street expects EPS of $-0.73. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $-0.73 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Orix (IX) earnings Canonical URL: https://mrkts.gg/earnings/IX Last updated: Nov 15, 2026, 11:00 AM ET Orix (IX) reports Monday, November 9 before the open. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: — Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Jbs N.v. (JBS) earnings Canonical URL: https://mrkts.gg/earnings/JBS Last updated: Nov 15, 2026, 11:00 AM ET Jbs N.v. (JBS) reports Monday, November 9 after the close. The street expects EPS of $0.26. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.26 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Kkr & Co (KKR) earnings Canonical URL: https://mrkts.gg/earnings/KKR Last updated: Nov 15, 2026, 11:00 AM ET Kkr & Co (KKR) reports Monday, November 9 before the open. The street expects EPS of $1.58. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $1.58 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±2.9% over the last 8 reports, either direction ## Past reports The last 8, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | Before open | — | — | ±5.0% | +1.7% | | Jul 30, 2026 | Q2 2026 | Before open | $1.42 | $1.48 | ±4.2% | +1.7% | | May 5, 2026 | Q1 2026 | Before open | $1.28 | $1.20 | ±5.0% | -1.3% | | Feb 5, 2026 | Q4 2025 | Before open | $1.21 | $0.96 | ±5.4% | -5.3% | | Nov 7, 2025 | Q3 2025 | Before open | $1.29 | $1.22 | ±4.8% | +1.7% | | Jul 31, 2025 | Q2 2025 | Before open | $1.17 | $1.00 | ±3.6% | -2.6% | | May 1, 2025 | Q1 2025 | Before open | $1.13 | $1.15 | ±5.1% | +0.2% | | Feb 4, 2025 | Q4 2024 | Before open | $1.27 | $1.12 | ±4.2% | -8.5% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Joint Stock Co Kaspikz (KSPI) earnings Canonical URL: https://mrkts.gg/earnings/KSPI Last updated: Nov 15, 2026, 11:00 AM ET Joint Stock Co Kaspikz (KSPI) reports Monday, November 9 before the open. The street expects EPS of $3.12. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $3.12 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Lineage (LINE) earnings Canonical URL: https://mrkts.gg/earnings/LINE Last updated: Nov 15, 2026, 11:00 AM ET Lineage (LINE) reports Monday, November 9 after the close. The street expects EPS of $0.70. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.70 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Liquidia (LQDA) earnings Canonical URL: https://mrkts.gg/earnings/LQDA Last updated: Nov 15, 2026, 11:00 AM ET Liquidia (LQDA) reports Tuesday, November 10 before the open. The street expects EPS of $0.77. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $0.77 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Mobility Global (MBGL) earnings Canonical URL: https://mrkts.gg/earnings/MBGL Last updated: Nov 15, 2026, 11:00 AM ET Mobility Global (MBGL) reports Thursday, November 12 before the open. The street expects EPS of $0.39. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.39 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Mizuho Financial Group (MFG) earnings Canonical URL: https://mrkts.gg/earnings/MFG Last updated: Nov 15, 2026, 11:00 AM ET Mizuho Financial Group (MFG) reports Friday, November 13 before the open. The street expects EPS of $0.21. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Friday, November 13, 2026 - Time: Before the open - EPS estimate: $0.21 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Nebius Group Nv (NBIS) earnings Canonical URL: https://mrkts.gg/earnings/NBIS Last updated: Nov 15, 2026, 11:00 AM ET Nebius Group Nv (NBIS) reports Thursday, November 12 before the open. The street expects EPS of $-0.61. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $-0.61 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±13.2% over the last 6 reports, either direction ## Past reports The last 6, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 12, 2026 | Q3 2026 | Before open | — | — | — | -16.8% | | Aug 12, 2026 | Q2 2026 | Before open | $-0.67 | $-0.12 | — | +34.1% | | May 13, 2026 | Q1 2026 | Before open | — | — | — | +15.7% | | Feb 12, 2026 | Q4 2025 | Before open | — | — | — | +1.3% | | Nov 11, 2025 | Q3 2025 | Before open | — | — | — | -7.0% | | May 20, 2025 | Q1 2025 | Before open | — | — | — | +4.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ) earnings Canonical URL: https://mrkts.gg/earnings/NIQ Last updated: Nov 15, 2026, 11:00 AM ET Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ) reports Thursday, November 12 before the open. The street expects EPS of $0.24. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $0.24 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Nrg Energy (NRG) earnings Canonical URL: https://mrkts.gg/earnings/NRG Last updated: Nov 15, 2026, 11:00 AM ET Nrg Energy (NRG) reports Monday, November 9 before the open. The street expects EPS of $3.11. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $3.11 - Reported EPS: $4.68 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±10.9% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | Before open | $3.11 | $4.68 | ±7.5% | +10.3% | | Aug 4, 2026 | Q2 2026 | Before open | $1.66 | $1.49 | — | -15.5% | | May 6, 2026 | Q1 2026 | Before open | $1.78 | $1.48 | — | -4.3% | | Feb 24, 2026 | Q4 2025 | Before open | $1.18 | $1.03 | — | +4.3% | | Nov 6, 2025 | Q3 2025 | Before open | — | — | — | -1.8% | | Aug 6, 2025 | Q2 2025 | Before open | $1.54 | $1.68 | — | -13.6% | | May 12, 2025 | Q1 2025 | Before open | $1.80 | $2.62 | — | +26.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Nu Holdings (NU) earnings Canonical URL: https://mrkts.gg/earnings/NU Last updated: Nov 15, 2026, 11:00 AM ET Nu Holdings (NU) reports Thursday, November 12 after the close. The street expects EPS of $0.22. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $0.22 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±8.2% over the last 4 reports, either direction ## Past reports The last 4, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 12, 2026 | Q3 2026 | After close | — | — | — | +11.7% | | Aug 13, 2026 | Q2 2026 | After close | $0.20 | $0.22 | — | +9.3% | | Aug 14, 2025 | Q2 2025 | After close | — | — | — | +9.1% | | May 13, 2025 | Q1 2025 | After close | $0.12 | $0.12 | — | +2.7% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Nexgen Energy (NXE) earnings Canonical URL: https://mrkts.gg/earnings/NXE Last updated: Nov 15, 2026, 11:00 AM ET Nexgen Energy (NXE) reports Monday, November 9 after the close. The street expects EPS of $-0.02. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $-0.02 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Octave Intelligence Plc (OCTV) earnings Canonical URL: https://mrkts.gg/earnings/OCTV Last updated: Nov 15, 2026, 11:00 AM ET Octave Intelligence Plc (OCTV) reports Thursday, November 12 before the open. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: — Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # On Holding Ag (ONON) earnings Canonical URL: https://mrkts.gg/earnings/ONON Last updated: Nov 15, 2026, 11:00 AM ET On Holding Ag (ONON) reports Tuesday, November 10 before the open. The street expects EPS of $0.50. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $0.50 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Onto Innovation (ONTO) earnings Canonical URL: https://mrkts.gg/earnings/ONTO Last updated: Nov 15, 2026, 11:00 AM ET Onto Innovation (ONTO) reports Monday, November 9 after the close. The street expects EPS of $2.27. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $2.27 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Osisko Gold Royalties (OR) earnings Canonical URL: https://mrkts.gg/earnings/OR Last updated: Nov 15, 2026, 11:00 AM ET Osisko Gold Royalties (OR) reports Wednesday, November 11 after the close. The street expects EPS of $0.27. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $0.27 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Occidental Petroleum (OXY) earnings Canonical URL: https://mrkts.gg/earnings/OXY Last updated: Nov 15, 2026, 11:00 AM ET Occidental Petroleum (OXY) reports Monday, November 9 after the close. The street expects EPS of $1.43. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $1.43 - Reported EPS: $1.91 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±4.5% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | After close | $1.43 | $1.91 | ±4.7% | +2.0% | | Aug 5, 2026 | Q2 2026 | After close | $1.92 | $2.40 | — | +4.1% | | May 5, 2026 | Q1 2026 | After close | $0.62 | $1.06 | — | -7.1% | | Feb 18, 2026 | Q4 2025 | After close | $0.19 | $0.31 | — | +9.4% | | Nov 10, 2025 | Q3 2025 | After close | $0.48 | $0.64 | — | +0.1% | | Aug 6, 2025 | Q2 2025 | After close | $0.28 | $0.39 | — | +2.5% | | May 7, 2025 | Q1 2025 | After close | $0.73 | $0.87 | — | +6.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Petrobra (PBR) earnings Canonical URL: https://mrkts.gg/earnings/PBR Last updated: Nov 15, 2026, 11:00 AM ET Petrobra (PBR) reports Tuesday, November 10 after the close. The street expects EPS of $1.38. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: $1.38 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±3.6% over the last 5 reports, either direction ## Past reports The last 5, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | | Nov 10, 2026 | Q3 2026 | After close | — | — | ±4.0% | -2.5% | | Aug 6, 2026 | Q2 2026 | After close | — | — | — | -3.0% | | May 11, 2026 | Q1 2026 | After close | — | — | — | -1.2% | | Mar 5, 2026 | Q4 2025 | After close | — | — | — | +5.2% | | Nov 6, 2025 | Q3 2025 | After close | — | — | — | +5.9% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Petrobra (PBR.A) earnings Canonical URL: https://mrkts.gg/earnings/PBR.A Last updated: Nov 15, 2026, 11:00 AM ET Petrobra (PBR.A) reports Tuesday, November 10 after the close. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: — Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Praxis Precision Medicines (PRAX) earnings Canonical URL: https://mrkts.gg/earnings/PRAX Last updated: Nov 15, 2026, 11:00 AM ET Praxis Precision Medicines (PRAX) reports Monday, November 9 before the open. The street expects EPS of $-3.68. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $-3.68 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Qualys (QLYS) earnings Canonical URL: https://mrkts.gg/earnings/QLYS Last updated: Nov 15, 2026, 11:00 AM ET Qualys (QLYS) reports Monday, November 9 after the close. The street expects EPS of $1.95. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $1.95 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Ritchie Bros Auctioneers (RBA) earnings Canonical URL: https://mrkts.gg/earnings/RBA Last updated: Nov 15, 2026, 11:00 AM ET Ritchie Bros Auctioneers (RBA) reports Monday, November 9 before the open. The street expects EPS of $0.99. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $0.99 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Radnet (RDNT) earnings Canonical URL: https://mrkts.gg/earnings/RDNT Last updated: Nov 15, 2026, 11:00 AM ET Radnet (RDNT) reports Monday, November 9 before the open. The street expects EPS of $0.21. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $0.21 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Rocket Lab Usa (RKLB) earnings Canonical URL: https://mrkts.gg/earnings/RKLB Last updated: Nov 15, 2026, 11:00 AM ET Rocket Lab Usa (RKLB) reports Monday, November 9 after the close. The street expects EPS of $-0.02. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $-0.02 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±8.5% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q3 2026 | After close | — | — | — | $267.8M | ±12.4% | +6.6% | | Aug 10, 2026 | Q2 2026 | After close | — | — | — | — | — | -0.0% | | May 7, 2026 | Q1 2026 | After close | — | — | — | — | — | +34.2% | | Feb 26, 2026 | Q4 2025 | After close | — | — | — | — | — | -4.9% | | Nov 10, 2025 | Q3 2025 | After close | — | — | — | — | — | -1.3% | | Aug 7, 2025 | Q2 2025 | After close | $-0.07 | $-0.13 | — | — | — | +1.1% | | May 8, 2025 | Q1 2025 | After close | $-0.11 | $-0.12 | — | — | — | -11.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Roivant Sciences (ROIV) earnings Canonical URL: https://mrkts.gg/earnings/ROIV Last updated: Nov 15, 2026, 11:00 AM ET Roivant Sciences (ROIV) reports Monday, November 9 before the open. The street expects EPS of $-0.41. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $-0.41 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Sanmina (SANM) earnings Canonical URL: https://mrkts.gg/earnings/SANM Last updated: Nov 15, 2026, 11:00 AM ET Sanmina (SANM) reports Monday, November 9 after the close. The street expects EPS of $3.27. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $3.27 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Sea (SE) earnings Canonical URL: https://mrkts.gg/earnings/SE Last updated: Nov 15, 2026, 11:00 AM ET Sea (SE) reports Tuesday, November 10 before the open. The street expects EPS of $1.04. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $1.04 - Reported EPS: $0.78 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±11.6% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 10, 2026 | Q3 2026 | Before open | $1.04 | $0.78 | — | $8.58B | ±12.6% | -1.5% | | Aug 11, 2026 | Q2 2026 | Before open | $1.00 | $0.70 | — | — | — | +14.6% | | May 12, 2026 | Q1 2026 | Before open | $0.96 | $0.67 | — | — | — | +13.1% | | Mar 3, 2026 | Q4 2025 | Before open | $0.90 | $0.63 | — | — | — | -16.5% | | Nov 11, 2025 | Q3 2025 | Before open | $1.03 | $0.59 | — | — | — | -8.2% | | Aug 12, 2025 | Q2 2025 | Before open | $0.99 | $0.65 | — | — | — | +19.1% | | May 13, 2025 | Q1 2025 | Before open | $0.93 | $0.65 | — | — | — | +8.2% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Somnigroup International Inc. (SGI) earnings Canonical URL: https://mrkts.gg/earnings/SGI Last updated: Nov 15, 2026, 11:00 AM ET Somnigroup International Inc. (SGI) reports Monday, November 9 before the open. The street expects EPS of $1.06. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $1.06 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Skydance Corporation (SKYD) earnings Canonical URL: https://mrkts.gg/earnings/SKYD Last updated: Nov 15, 2026, 11:00 AM ET Skydance Corporation (SKYD) reports Monday, November 9 after the close. The street expects EPS of $0.18. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.18 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Sumitomo Mitsui Financial Group (SMFG) earnings Canonical URL: https://mrkts.gg/earnings/SMFG Last updated: Nov 15, 2026, 11:00 AM ET Sumitomo Mitsui Financial Group (SMFG) reports Friday, November 13 before the open. The street expects EPS of $0.24. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Friday, November 13, 2026 - Time: Before the open - EPS estimate: $0.24 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Scholar Rock Holding (SRRK) earnings Canonical URL: https://mrkts.gg/earnings/SRRK Last updated: Nov 15, 2026, 11:00 AM ET Scholar Rock Holding (SRRK) reports Tuesday, November 10 before the open. The street expects EPS of $-0.87. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $-0.87 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Stantec (STN) earnings Canonical URL: https://mrkts.gg/earnings/STN Last updated: Nov 15, 2026, 11:00 AM ET Stantec (STN) reports Thursday, November 12 after the close. The street expects EPS of $1.26. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: After the close - EPS estimate: $1.26 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Transdigm Group (TDG) earnings Canonical URL: https://mrkts.gg/earnings/TDG Last updated: Nov 15, 2026, 11:00 AM ET Transdigm Group (TDG) reports Tuesday, November 10 before the open. The street expects EPS of $12.15. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $12.15 - Reported EPS: $12.44 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±4.7% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 10, 2026 | Q4 FY2026 | Before open | $12.15 | $12.44 | $2.95B | $2.99B | ±6.8% | +0.6% | | Aug 4, 2026 | — | Before open | — | — | — | — | — | -0.8% | | May 5, 2026 | — | Before open | — | — | — | — | — | +3.6% | | Feb 3, 2026 | — | Before open | — | — | — | — | — | -9.3% | | Nov 12, 2025 | — | Before open | — | — | — | — | — | +1.1% | | Aug 5, 2025 | — | Before open | — | — | — | — | — | -11.9% | | May 6, 2025 | — | Before open | — | — | — | — | — | -5.5% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Tg Therapeutics (TGTX) earnings Canonical URL: https://mrkts.gg/earnings/TGTX Last updated: Nov 15, 2026, 11:00 AM ET Tg Therapeutics (TGTX) reports Monday, November 9 before the open. The street expects EPS of $0.28. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: Before the open - EPS estimate: $0.28 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Tim Sa (TIMB) earnings Canonical URL: https://mrkts.gg/earnings/TIMB Last updated: Nov 15, 2026, 11:00 AM ET Tim Sa (TIMB) reports Monday, November 9 after the close. The street expects EPS of $0.43. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.43 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Trade Desk (TTD) earnings Canonical URL: https://mrkts.gg/earnings/TTD Last updated: Nov 15, 2026, 11:00 AM ET Trade Desk (TTD) reports Monday, November 9 after the close. The street expects EPS of $0.26. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.26 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Tetra Tech (TTEK) earnings Canonical URL: https://mrkts.gg/earnings/TTEK Last updated: Nov 15, 2026, 11:00 AM ET Tetra Tech (TTEK) reports Wednesday, November 11 after the close. The street expects EPS of $0.47. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $0.47 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Take Two Interactive (TTWO) earnings Canonical URL: https://mrkts.gg/earnings/TTWO Last updated: Nov 15, 2026, 11:00 AM ET Take Two Interactive (TTWO) reports Monday, November 9 after the close. The street expects EPS of $0.97. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.97 - Reported EPS: $0.99 Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves - Options imply: — (posts closer to the report) - Average move: ±5.5% over the last 7 reports, either direction ## Past reports The last 7, newest first. Move is the stock's close-to-close change on the first session after each report. | Reported | Quarter | Session | EPS est | EPS | Revenue est | Revenue | Implied move | Move | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Nov 9, 2026 | Q2 FY2027 | After close | $0.97 | $0.99 | — | $1.50B | ±7.8% | +8.3% | | Aug 7, 2026 | — | Before open | — | — | — | — | — | +6.0% | | May 21, 2026 | — | After close | — | — | — | — | — | -4.4% | | Feb 3, 2026 | — | After close | — | — | — | — | — | -5.4% | | Nov 6, 2025 | — | After close | — | — | — | — | — | -8.1% | | Aug 7, 2025 | — | After close | — | — | — | — | — | -4.0% | | May 15, 2025 | — | After close | — | — | — | — | — | -2.4% | Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Twist Bioscience (TWST) earnings Canonical URL: https://mrkts.gg/earnings/TWST Last updated: Nov 15, 2026, 11:00 AM ET Twist Bioscience (TWST) reports Thursday, November 12 before the open. The street expects EPS of $-0.43. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Thursday, November 12, 2026 - Time: Before the open - EPS estimate: $-0.43 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Venture Global (VG) earnings Canonical URL: https://mrkts.gg/earnings/VG Last updated: Nov 15, 2026, 11:00 AM ET Venture Global (VG) reports Tuesday, November 10 before the open. The street expects EPS of $0.50. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: $0.50 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Telefonica Brasil Sa (VIV) earnings Canonical URL: https://mrkts.gg/earnings/VIV Last updated: Nov 15, 2026, 11:00 AM ET Telefonica Brasil Sa (VIV) reports Tuesday, November 10 after the close. The street expects EPS of $0.24. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Tuesday, November 10, 2026 - Time: After the close - EPS estimate: $0.24 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Vodafone Group Public Ltd (VOD) earnings Canonical URL: https://mrkts.gg/earnings/VOD Last updated: Nov 15, 2026, 11:00 AM ET Vodafone Group Public Ltd (VOD) reports Tuesday, November 10 before the open. How the stock moved after past reports, and the Desk's coverage. ## Next report - Date: Tuesday, November 10, 2026 - Time: Before the open - EPS estimate: — Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Vylor (VYLR) earnings Canonical URL: https://mrkts.gg/earnings/VYLR Last updated: Nov 15, 2026, 11:00 AM ET Vylor (VYLR) reports Wednesday, November 11 after the close. The street expects EPS of $-0.44. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Wednesday, November 11, 2026 - Time: After the close - EPS estimate: $-0.44 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Zeta Global Holdings (ZETA) earnings Canonical URL: https://mrkts.gg/earnings/ZETA Last updated: Nov 15, 2026, 11:00 AM ET Zeta Global Holdings (ZETA) reports Monday, November 9 after the close. The street expects EPS of $0.28. How the stock moved after past reports, and the Desk's coverage. ## Latest report - Date: Monday, November 9, 2026 - Time: After the close - EPS estimate: $0.28 - Reported EPS: out; the comparable figure posts shortly Date and street estimate from our market data provider's earnings calendar. Companies can move their date. ## Implied move vs past moves The options-implied move posts closer to the report, along with how big past moves have been. Report dates and EPS estimates come from our market data provider's earnings calendar. Past moves are close to close on the first session after each report. --- # Options 101: a free course that teaches first, then checks it Canonical URL: https://mrkts.gg/learn/options Last updated: Nov 9, 2026, 9:00 AM ET > A free options course for beginners. Ten short lessons that teach each idea first, with worked examples, then check it with a few questions. From what a contract is to planning around earnings and CPI. A free interactive options course from mrkts. Each lesson teaches one idea with worked examples and payoff charts, then checks it with a few questions. No account needed. ## Lessons 1. [What an option is](https://mrkts.gg/learn/options/what-is-an-option.md): What an option contract is, who has the right and who has the obligation, and why one contract covers 100 shares. A free lesson with examples. 2. [Calls vs puts](https://mrkts.gg/learn/options/calls-and-puts.md): Long and short calls and puts at expiration: P&L, breakeven, max loss and max gain, with worked examples and a few questions. 3. [Premium, intrinsic and extrinsic value, moneyness](https://mrkts.gg/learn/options/premium-and-moneyness.md): Split any option's premium into intrinsic and extrinsic value, tell ITM from OTM for calls and puts, and see what strike choice trades off. 4. [Expiration and time decay](https://mrkts.gg/learn/options/time-decay.md): Why options lose value as expiration nears, why the last week costs the most, and what theta means per contract. A free lesson with examples. 5. [Implied volatility and earnings IV crush](https://mrkts.gg/learn/options/iv-and-earnings.md): What implied volatility means, how to read an earnings implied move from a straddle, and why options can lose even when you're right. 6. [The greeks in plain words, and strike choice](https://mrkts.gg/learn/options/greeks.md): Delta, gamma, theta and vega without the math: estimate how an option's price reacts, and use delta to compare strikes. 7. [Buying vs selling, and defined-risk spreads](https://mrkts.gg/learn/options/spreads.md): Debit spreads, credit spreads and iron condors: max loss, max gain and breakevens, plus why win rate alone doesn't make a trade good. 8. [Position sizing and max loss](https://mrkts.gg/learn/options/sizing.md): Size an options trade from its max loss and a risk budget, and see why premium, margin and real risk aren't the same. Example policies only. 9. [Exercise, assignment, early exercise, pin risk](https://mrkts.gg/learn/options/assignment.md): What exercise and assignment do to your account, the automatic-exercise rule, early exercise before dividends, and pin risk at expiration. 10. [Planning around events with the mrkts.gg calendar](https://mrkts.gg/learn/options/event-planning.md): Plan an options position around earnings, CPI, FOMC, ex-dividend dates and expiration with the mrkts.gg calendars. A free lesson with examples. ## By the end you can - Explain what an equity option contract is, who has the right and who has the obligation, and why one contract covers 100 shares. - Describe the payoff at expiration of long and short calls and puts, and compute breakevens. - Split any option's premium into intrinsic and extrinsic value, and classify strikes as ITM, ATM, or OTM. - Explain why time decay (theta) speeds up as expiration nears, and which options lose the most. - Explain implied volatility, estimate an earnings implied move from a straddle price, and explain IV crush. - Use delta, gamma, theta, and vega in plain words to estimate how an option's price reacts. - Compare buying vs selling options, and compute max loss, max gain, and breakevens for vertical spreads and iron condors. - Size a position from its max loss and a stated risk budget, and explain why premium paid and max loss aren't always the same thing. - Explain exercise, assignment, automatic exercise at expiration, early exercise (including the dividend case), and pin risk. - Use the mrkts.gg economic and earnings calendars to list which scheduled events fall inside a position's life, and explain what each could do to the price and IV. Start the course: https://mrkts.gg/learn/options. A printable field guide with every lesson is at https://mrkts.gg/learn/options/field-guide. Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # What an option is (Options 101, lesson 1 of 10) Canonical URL: https://mrkts.gg/learn/options/what-is-an-option Last updated: Nov 9, 2026, 9:00 AM ET > What an option contract is, who has the right and who has the obligation, and why one contract covers 100 shares. A free lesson with examples. What you'll be able to do: Define an option contract, who holds the right vs the obligation, the 100-share multiplier, strike, expiration, premium, and American vs European style. ## An option is a contract with a price tag A stock trades at $50. For $30, you can buy a contract that lets you buy 100 shares at $55 at any time over the next 30 days. You don't have to use it. If the stock stays at $50, you walk away and you're out $30. If it jumps to $60, your right to buy at $55 is worth real money. That contract is a call option. > **Key idea:** The buyer of an option gets a right, never a duty. The price paid for that right is called the premium. ## Four words you need - Strike: the fixed price written in the contract. Here, $55. - Expiration: the last day the right exists. - Premium: the price of the contract, quoted per share. A quote of 0.30 means 30 cents a share. - Contract size: one standard US equity option covers 100 shares. 1. Read the quote: 0.30 a share. 2. Multiply by the 100 shares: 0.30 × 100 = $30. 3. That $30 is the most the buyer can lose. A tiny option chain for a $50 stock with 30 days to expiration. Each row is a strike, with its call price and put price per share. | Strike | Call | Put | | --- | --- | --- | | 45 | 5.22 | 0.22 | | 50 | 1.72 | 1.72 | | 55 | 0.30 | 5.30 | ## Calls and puts | Call | Put | | --- | --- | | The right to buy 100 shares at the strike | The right to sell 100 shares at the strike | | Gains when the stock rises | Gains when the stock falls | | The seller must sell if assigned | The seller must buy if assigned | The chart shows profit or loss at expiration for each stock price. This is the buyer of the 55 call from the last section. Between 55 and 55.30 the call is worth something, so you would exercise it, but you still lose money overall because you paid more than it returns. *Payoff chart at expiration: long 55 call at 0.30. Per position: breakeven 55.30, max gain unlimited, max loss $30.* Long 55 call bought at 0.30, at expiration. Below 55 the most you lose is $30. Breakeven is 55.30. ## Two sides of every trade | Buyer | Seller (also called the writer) | | --- | --- | | Pays the premium | Receives the premium | | Has the right | Has the obligation | | Can lose at most the premium | Can lose much more than the premium | Why would anyone take the obligation? They're paid up front. The seller of the 55 call keeps the $30 if the stock stays below $55. A put seller agrees to buy 100 shares at the strike if assigned. Sell a 25 put for 0.60 and the stock falls to $20: you buy $2,000 of stock for $2,500, less the $60 you collected. That's a $440 loss. *Payoff chart at expiration: short 55 call at 0.30. Per position: breakeven 55.30, max gain $30, max loss unlimited.* Short 55 call sold at 0.30, at expiration. The most the seller can make is $30. Above 55.30 the seller starts to lose. ## An option isn't a share An option is a contract about shares, not ownership. A call holder gets no vote and no dividends unless they exercise and take the shares. > **Tip:** US stock and ETF options are American-style, so you can exercise on any business day before expiration. Standard SPX index options are European-style: exercise only at expiration, settled in cash. ## Worked example: One call, both sides *Illustrative numbers, not real quotes.* Stock XYZ is at $50. The XYZ 55 call, expiring in 30 days, is quoted at 0.30. - The buyer pays 0.30 × 100 = $30 and gets the right to buy 100 XYZ at $55 until expiration. - The seller receives $30 and must sell 100 XYZ at $55 if assigned. - Both sides know their numbers on day one: the buyer can lose at most $30, and the seller can make at most $30. Here is what each side has at expiration, per contract, for different XYZ prices: | XYZ at expiration | Call is worth | Buyer P&L | Seller P&L | | --- | --- | --- | --- | | $50 | $0 | −$30 | +$30 | | $55 | $0 | −$30 | +$30 | | $55.30 | $30 | $0 | $0 | | $58 | $300 | +$270 | −$270 | | $60 | $500 | +$470 | −$470 | - At $55.30 the buyer breaks even: the call is worth the $30 paid. - Above that, the seller loses what the buyer gains. A seller who doesn't own the shares can lose more if the stock keeps climbing. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/what-is-an-option Next lesson: [Calls vs puts](https://mrkts.gg/learn/options/calls-and-puts.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Calls vs puts (Options 101, lesson 2 of 10) Canonical URL: https://mrkts.gg/learn/options/calls-and-puts Last updated: Nov 9, 2026, 9:00 AM ET > Long and short calls and puts at expiration: P&L, breakeven, max loss and max gain, with worked examples and a few questions. What you'll be able to do: Compute the payoff at expiration, P&L, breakeven, and max loss/gain for long and short calls and puts. ## What an option is worth on the last day On expiration day there's no time left. An option is worth only what exercising it would give you right now. 1. A 50 call with the stock at 52: you can buy at 50 something worth 52, so the call is worth 2.00. 2. A 50 call with the stock at 48: nobody buys at 50 what sells for 48, so the call is worth 0. 3. A 50 put with the stock at 45: you can sell at 50 something worth 45, so the put is worth 5.00. > **Key idea:** Call value = max(0, stock − strike). Put value = max(0, strike − stock). Profit or loss is that value minus what you paid. ## The long call You buy the 50 call for 2.00, which is $200. Below 50 it's worth nothing, and you lose the whole $200. Between 50 and 52 it's worth something, but not enough to pay you back. Above 52 you profit. *Payoff chart at expiration: long 50 call at 2.00. Per position: breakeven 52.00, max gain unlimited, max loss $200.* Long 50 call bought at 2.00, at expiration. Flat at a $200 loss below the strike, then up $100 for every $1 the stock gains. 1. Breakeven = strike + premium. 2. 50 + 2.00 = 52. 3. Every dollar above 52 adds $100 of profit per contract. ## The long put You buy the 50 put for 1.80, which is $180. It gains value as the stock falls below 50, and it breaks even at 50 − 1.80 = 48.20. *Payoff chart at expiration: long 50 put at 1.80. Per position: breakeven 48.20, max gain $4,820, max loss $180.* Long 50 put bought at 1.80, at expiration. Flat at a $180 loss above the strike, then up $100 for every $1 the stock falls. The most you can make is if the stock goes to zero: (50 − 1.80) × 100 = $4,820. > **Watch out:** A put doesn't profit on any drop. If the stock falls from 50 to 49, the put is worth 1.00 and you've paid 1.80, so you're down $80. ## Sellers take the other side A seller's chart is the buyer's chart flipped upside down. The seller of the 50 put for 1.80 keeps up to $180 if the stock stays above 50. *Payoff chart at expiration: short 50 put at 1.80. Per position: breakeven 48.20, max gain $180, max loss $4,820.* Short 50 put sold at 1.80, at expiration. The seller keeps $180 above the strike and loses $100 for every $1 the stock falls below 48.20. The seller of the 50 call for 2.00 keeps up to $200 if the stock stays below 50. Above 52 the loss keeps growing as the stock climbs. *Payoff chart at expiration: short 50 call at 2.00. Per position: breakeven 52.00, max gain $200, max loss unlimited.* Short 50 call sold at 2.00, at expiration, with no shares owned. The line keeps falling to the right because a stock has no ceiling. > **Watch out:** A short put can lose up to $4,820 here. An uncovered short call can lose without limit. Owning 100 shares covers the call: the shares gain what the call loses. ## Calls and puts side by side | Long 50 call (paid 2.00) | Long 50 put (paid 1.80) | | --- | --- | | Profits when the stock rises | Profits when the stock falls | | Breakeven: 52.00 | Breakeven: 48.20 | | Max loss: $200 | Max loss: $180 | | Max gain: no limit | Max gain: $4,820 | > **Tip:** These are expiration numbers. Before expiration an option still has time value, so a position below breakeven isn't necessarily losing yet. ## Worked example: Four positions on a $50 stock *Illustrative numbers, not real quotes.* Take a $50 stock with the 50 call at 2.00 and the 50 put at 1.80. Walk through the long call first: - Premium 2.00 × 100 = $200 paid. That is the most you can lose. - Breakeven: strike 50 + premium 2.00 = 52. - At 52 the call is worth 2.00, which is what you paid. Above 52 you profit, dollar for dollar. Now the same steps for all four positions. Each cell is the P&L per contract at expiration: | Stock at expiration | Long 50 call (2.00) | Long 50 put (1.80) | Short 50 put (1.80) | Short 50 call (2.00) | | --- | --- | --- | --- | --- | | 40 | −$200 | +$820 | −$820 | +$200 | | 45 | −$200 | +$320 | −$320 | +$200 | | 48.20 | −$200 | $0 | $0 | +$200 | | 50 | −$200 | −$180 | +$180 | +$200 | | 52 | $0 | −$180 | +$180 | $0 | | 55 | +$300 | −$180 | +$180 | −$300 | | 60 | +$800 | −$180 | +$180 | −$800 | And the limits for each position: | Position | Premium | Breakeven | Max loss | Max gain | | --- | --- | --- | --- | --- | | Long 50 call | 2.00 | 52.00 | $200 | Unlimited | | Long 50 put | 1.80 | 48.20 | $180 | $4,820 | | Short 50 put | 1.80 | 48.20 | $4,820 | $180 | | Short 50 call (uncovered) | 2.00 | 52.00 | Unlimited | $200 | - Every short position is the mirror image of the long one on the same strike. - The put's max gain comes from the stock going to zero: (50 − 1.80) × 100 = $4,820. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/calls-and-puts Next lesson: [Premium, intrinsic and extrinsic value, moneyness](https://mrkts.gg/learn/options/premium-and-moneyness.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Premium, intrinsic and extrinsic value, moneyness (Options 101, lesson 3 of 10) Canonical URL: https://mrkts.gg/learn/options/premium-and-moneyness Last updated: Nov 9, 2026, 9:00 AM ET > Split any option's premium into intrinsic and extrinsic value, tell ITM from OTM for calls and puts, and see what strike choice trades off. What you'll be able to do: Split premium into intrinsic + extrinsic, classify ITM/ATM/OTM for calls and puts, and explain the trade-offs of strike choice. ## Every price has two parts A tiny option chain for a $50 stock, 30 days to expiration, IV 30%. Call and put prices per share. The at-the-money row is highlighted. | Strike | Call | Put | | --- | --- | --- | | 45 | 5.22 | 0.22 | | 50 | 1.72 | 1.72 | | 55 | 0.30 | 5.30 | 1. The 45 call costs 5.22 with the stock at 50. 2. If you exercised right now, you'd gain 50 − 45 = 5.00. That's the intrinsic value. 3. The other 0.22 is extrinsic value: what people pay for time and for the chance of a bigger move. > **Key idea:** Premium = intrinsic value + extrinsic value. ## Intrinsic value Intrinsic value is how far an option is in the money. It can't be negative, because you'd never exercise a right that loses money. - Call: max(0, stock − strike). A 70 call with the stock at 80 has 10.00. - Put: max(0, strike − stock). An 85 put with the stock at 80 has 5.00. - A 90 call with the stock at 80 has 0. You wouldn't buy at 90 what sells for 80. ## Extrinsic value Extrinsic value pays for two things: time left, and how much the stock might move. It's biggest at the money, where the outcome is least certain. It shrinks to zero by expiration. *Chart (Extrinsic value (per share) against Stock price, priced with Black-Scholes):* Extrinsic value of the 50 call as the stock moves, with 30 days to expiration and IV 30%. It peaks when the stock is at the strike, at the money, and fades on both sides. > **Key idea:** The 55 call has no intrinsic value, yet it costs 0.30. That's all extrinsic: the chance the stock gets above 55 in time. ## In, at and out of the money | Call | Put | | --- | --- | | In the money: stock above the strike | In the money: stock below the strike | | At the money: stock near the strike | At the money: stock near the strike | | Out of the money: stock below the strike | Out of the money: stock above the strike | With the stock at 50, the 45 call is in the money by 5.00 and the 45 put is out of the money. Out-of-the-money options have no intrinsic value at all. > **Watch out:** Common mistake: mixing up puts. A put is a right to sell, so it gains value when the stock is below the strike. ## Choosing a strike is a trade-off | 45 call, in the money (5.22) | 55 call, out of the money (0.30) | | --- | --- | | Costs $522 per contract | Costs $30 per contract | | Breakeven: 50.22 | Breakeven: 55.30 | | Stock stays at 50: −$22 | Stock stays at 50: −$30 | | Stock reaches 60: +$978 | Stock reaches 60: +$470 | | Moves almost dollar for dollar with the stock | Needs a big move to pay off | > **Watch out:** Cheaper isn't a better deal. It's cheaper because it's less likely to pay off. ## Worked example: Five options on a $50 stock, 30 days out *Illustrative numbers, not real quotes.* Stock at $50. Split each price into intrinsic and extrinsic value: | Option | Price | Moneyness | Intrinsic | Extrinsic | | --- | --- | --- | --- | --- | | 45 call | 5.22 | ITM | 5.00 | 0.22 | | 50 call | 1.72 | ATM | 0 | 1.72 | | 55 call | 0.30 | OTM | 0 | 0.30 | | 45 put | 0.22 | OTM | 0 | 0.22 | | 55 put | 5.30 | ITM | 5.00 | 0.30 | - The 45 call: stock 50 − strike 45 = 5.00 intrinsic. The other 0.22 is extrinsic. - The 55 put: strike 55 − stock 50 = 5.00 intrinsic. The other 0.30 is extrinsic. - The ATM 50 call has no intrinsic value, yet carries the most extrinsic value, 1.72. Now the trade-off. Here is each call's P&L per contract at expiration: | Stock at expiration | 45 call (5.22) | 50 call (1.72) | 55 call (0.30) | | --- | --- | --- | --- | | 50 | −$22 | −$172 | −$30 | | 55 | +$478 | +$328 | −$30 | | 60 | +$978 | +$828 | +$470 | - The cheap 55 call loses only $30 when the stock sits still, but it needs the stock past 55.30 to profit. - The 45 call loses only $22 if the stock stays at 50, because 5.00 of its 5.22 price is intrinsic value that is still there at expiration. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/premium-and-moneyness Next lesson: [Expiration and time decay](https://mrkts.gg/learn/options/time-decay.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Expiration and time decay (Options 101, lesson 4 of 10) Canonical URL: https://mrkts.gg/learn/options/time-decay Last updated: Nov 9, 2026, 9:00 AM ET > Why options lose value as expiration nears, why the last week costs the most, and what theta means per contract. A free lesson with examples. What you'll be able to do: Explain theta, why decay accelerates near expiration for ATM options, and what happens to extrinsic value at expiration. ## Time is part of the price Take the 50 call on a $50 stock with 60 days left. It has no intrinsic value, yet it costs 2.42. You're paying for 60 days of chances. Every day that passes takes some of those chances away. That steady leak is time decay, and its size is called theta. > **Key idea:** Only extrinsic value decays. At expiration it's zero, and only intrinsic value is left. ## Decay speeds up *Chart (Call value (per share) against Days to expiration, priced with Black-Scholes):* Value of a 50 call on a flat $50 stock as expiration approaches, IV 30%. The line drops faster near the right edge. 1. From 60 to 30 days left, the call loses 0.70, about 0.023 a day. 2. From 7 to 1 days left, it loses 0.52, about 0.087 a day. 3. Same stock, no move at all, and the daily loss more than triples. ## Why it speeds up Think about how far the stock could wander. With 60 days left it has plenty of time. With 7 days left, much less. At the money, an option's value tracks roughly the square root of the time left. 1. Start with 2.42 at 60 days (the square root of 60 is about 7.75). 2. At 30 days: 2.42 × 5.48 ÷ 7.75 is about 1.7. 3. At 7 days: 2.42 × 2.65 ÷ 7.75 is about 0.83. 4. At 1 day: 2.42 × 1 ÷ 7.75 is about 0.31. > **Tip:** The square-root rule is a close shortcut. The full pricing model gives 1.72, 0.83 and 0.31 for those days. ## Not every option decays the same Put the 50 call next to the 55 call on the same $50 stock. With 60 days left the 50 call costs 2.42 and the 55 call 0.79. With 14 days left they cost 1.17 and 0.07. *Chart (Call value (per share) against Days to expiration, priced with Black-Scholes):* A 50 call and a 55 call on a flat $50 stock, IV 30%. The at-the-money call starts higher and falls further in dollars. Both end at zero. Decay can only take away extrinsic value, and an option can't lose more than it has. The 55 call needs the stock to climb past 55, so it starts with little time value. The 50 call sits at the money, where the outcome is least certain, so it carries the most to lose. 1. From 60 to 30 days left, the 50 call falls from 2.42 to 1.72. That's 0.70, or $70 per contract. 2. The 55 call falls from 0.79 to 0.30. That's 0.49, or $49 per contract. 3. As a share of its price, the 50 call lost about 29% and the 55 call about 62%. > **Key idea:** Dollars lost to decay depend on how much extrinsic value is left to lose. An out-of-the-money option can lose a big share of its price and still lose few dollars. ## Who decay helps | Buyer (long option) | Seller (short option) | | --- | --- | | Theta is negative: decay costs them | Theta is positive: decay pays them | | Needs the stock to move enough to beat decay | Profits if the stock stays put | | Risk: losing the premium | Risk: one big move can erase many days of decay | > **Watch out:** Common mistake: selling options isn't free money. Decay is the payment for taking the risk of a big move. ## Worked example: A 50-strike call on a flat $50 stock (IV 30%, no rates or dividends) *Illustrative numbers, not real quotes.* Hold the stock at $50 and let the days pass. Here is the 50 call's value as time runs out: | Days left | Call value | Lost since the row above | | --- | --- | --- | | 60 | 2.42 | | | 30 | 1.72 | 0.70 over 30 days (about 0.023/day) | | 14 | 1.17 | 0.55 over 16 days (about 0.034/day) | | 7 | 0.83 | 0.34 over 7 days (about 0.049/day) | | 1 | 0.31 | 0.52 over 6 days (about 0.087/day) | Per contract, the last stretch costs about $8.70 a day vs about $2.30 a day two months out. - The loss per day more than triples, from about 0.023 to about 0.087, with the stock not moving at all. - All of it is extrinsic value. The call is at the money, so intrinsic value is 0 the whole way. Now compare it with a far out-of-the-money 55 call on the same stock: | Days left | 50 call (ATM) | 55 call (OTM) | | --- | --- | --- | | 60 | 2.42 | 0.79 | | 30 | 1.72 | 0.30 | | 14 | 1.17 | 0.07 | | 7 | 0.83 | 0.01 | - The ATM call has more to lose, so it loses more dollars a day. - The OTM call loses less in dollars, but over 30 days it still falls from 0.79 to 0.30, about 60% of its price. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/time-decay Next lesson: [Implied volatility and earnings IV crush](https://mrkts.gg/learn/options/iv-and-earnings.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Implied volatility and earnings IV crush (Options 101, lesson 5 of 10) Canonical URL: https://mrkts.gg/learn/options/iv-and-earnings Last updated: Nov 9, 2026, 9:00 AM ET > What implied volatility means, how to read an earnings implied move from a straddle, and why options can lose even when you're right. What you'll be able to do: Explain IV, estimate an implied move from an ATM straddle, and explain IV crush after scheduled events. ## What implied volatility means Two stocks trade at $50. The first one's at-the-money call costs 1.00. The second's costs 3.00. The second stock's options are pricing a bigger move. That bigger expected move is higher implied volatility, or IV. > **Key idea:** IV is the market's price for how big a move to expect. It says nothing about which way. ## Reading the implied move Before earnings, you can read the move options are pricing in. Add the at-the-money call and put. That pair is called a straddle. Options on a $100 stock with 5 days left and IV 80%, just before a report. Prices per share. | Strike | Call | Put | | --- | --- | --- | | 95 | 6.67 | 1.67 | | 100 | 3.73 | 3.73 | | 105 | 1.84 | 6.84 | 1. The 100 call costs about 3.73 and the 100 put about 3.73. 2. The straddle costs about 7.46, which we round to 7.50. 3. Implied move = 7.50 ÷ 100 = about ±7.5%. It's a rule of thumb. The real move can be smaller or bigger. ## IV crush After the report the uncertainty is gone, so IV drops, here from about 80% to 35%. The extra price for the event comes out of the options. That's IV crush. A report is one day, so near-dated options carry the biggest share of that event premium. *Chart (100 call value (per share) against Stock price, priced with Black-Scholes):* Value of the 100 call across stock prices, before and after the report. The after line is lower everywhere, and the gap is widest at 100. The put behaves the same way. > **Key idea:** Crush hurts long options even when the stock moves your way, if the move is smaller than what was priced in. ## Right on direction, still a loss 1. You pay 7.50 for the straddle, $750 per contract. 2. The stock jumps 5% to $105 and IV falls. 3. The call is worth about 5.00 plus a little time value. The put is nearly worthless. The straddle is about 5.30. 4. 5.30 − 7.50 = −2.20, a loss of about $220. *Payoff chart at expiration: long 100 call at 3.75, long 100 put at 3.75. Per position: breakeven 92.50 and 107.50, max gain unlimited, max loss $750.* Long 100 straddle bought for about 7.50, at expiration. It breaks even at 92.50 and 107.50. ## Sellers don't always win | Long straddle (buyer) | Short straddle (seller) | | --- | --- | | Wins if the move is bigger than priced in | Wins if the move is smaller than priced in | | Hurt by IV crush | Helped by IV crush | | Max loss: the premium | Loss can be large | > **Watch out:** Crush helps sellers only if the stock stays inside what was priced in. The implied move isn't a promise. ## Worked example: A $100 stock, 5 days to expiration, report after tonight's close *Illustrative numbers, not real quotes.* Before the report, IV is about 80%. The 100 straddle (the 100 call plus the 100 put) costs about 7.50, so the implied move is 7.50 ÷ 100 = about ±7.5%. After the report, with 4 days left and IV down to about 35%, here is the straddle the next day: | Stock next day | Straddle value | P&L per straddle | | --- | --- | --- | | 95 (−5%) | about 5.25 | about −$225 | | 100 (flat) | about 2.90 | about −$460 | | 105 (+5%) | about 5.30 | about −$220 | | 108 (+8%) | about 8.05 | about +$55 | - Take the +5% row. The call is worth about 5.00 in intrinsic value, and the put is nearly worthless, so the straddle is worth about 5.30. You paid 7.50. - The flat row loses the most. Both options lose almost all their extrinsic value when IV falls from 80% to 35%. - The stock was right on direction at 105, and the straddle still lost. Only a move bigger than the implied move made money. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/iv-and-earnings Next lesson: [The greeks in plain words, and strike choice](https://mrkts.gg/learn/options/greeks.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # The greeks in plain words, and strike choice (Options 101, lesson 6 of 10) Canonical URL: https://mrkts.gg/learn/options/greeks Last updated: Nov 9, 2026, 9:00 AM ET > Delta, gamma, theta and vega without the math: estimate how an option's price reacts, and use delta to compare strikes. What you'll be able to do: Use delta, gamma, theta, and vega to estimate price changes, and use delta as a rough guide when choosing strikes. ## Four dials, not one number An option's price reacts to the stock price, to time passing, and to implied volatility. The Greeks put a number on each reaction. - Delta: the stock price. - Gamma: how fast delta changes. - Theta: time passing. - Vega: implied volatility. > **Key idea:** Each Greek is an estimate that assumes one thing changes at a time. ## Delta: price change per $1 *Chart (Delta against Stock price, priced with Black-Scholes):* Delta of a 50 call as the stock moves, IV 30% and 30 days left. It runs from near 0 far below the strike to near 1 far above it, and is about 0.5 at the strike. 1. A call at 3.00 with delta 0.60: the stock rises $1, so the call gains about 0.60 a share. 2. Per contract: 0.60 × 100 = about +$60. 3. A put with delta −0.25: the stock rises $2, so the put loses about 0.50 a share. ## Gamma: delta isn't fixed Delta changes as the stock moves. Gamma is how fast. Close to expiration, an at-the-money option's delta can swing from near 0 to near 1 across a few dollars. *Chart (Delta of a 50 call against Stock price, priced with Black-Scholes):* Delta of a 50 call at 30 days and at 3 days to expiration, IV 30%. The 3-day line is much steeper around 50, which is gamma. > **Tip:** Big gamma helps the buyer on a move and hurts the seller. ## Theta and vega | Theta | Vega | | --- | --- | | Time passing | Implied volatility | | Per day, in price per share | Per 1 point of IV, in price per share | | 50 call here: about −0.03 a day | 50 call here: about 0.06 per point | | Hurts the buyer, helps the seller | Hurts the buyer if IV falls | ## Putting the dials together Estimate tomorrow for the 50 call. Say the stock rises $1 and IV falls 2 points. 1. Delta: +0.52 × $1 = +0.52. 2. Theta: one day of decay = −0.03. 3. Vega: −2 points × 0.06 = −0.12. 4. Total: +0.37, so 1.72 becomes about 2.09, or about +$37 per contract. > **Watch out:** Common mistake: treating delta as the chance you make money. A 0.15-delta call roughly tracks a 15% chance of finishing in the money. To profit, the stock must pass strike + premium. ## Delta as a guide to strikes | 50 call (delta 0.52) | 55 call (delta 0.14) | | --- | --- | | Moves about 0.52 for a $1 stock move | Moves about 0.14 for a $1 stock move | | More like owning the stock | More like a lottery ticket | | Costs 1.72 | Costs 0.30 | ## Worked example: Three calls on a $50 stock, 30 days out (IV 30%) *Illustrative numbers, not real quotes.* Here is each call's price and its Greeks, per share: | | 45 call | 50 call | 55 call | | --- | --- | --- | --- | | Price | 5.22 | 1.72 | 0.30 | | Delta (approx.) | 0.90 | 0.52 | 0.14 | | Per-contract change for +$1 | about +$90 | about +$52 | about +$14 | | Gamma (delta change per +$1) | about +0.04 | about +0.09 | about +0.06 | | Theta (per day) | about −0.01 | about −0.03 | about −0.02 | | Vega (per 1 IV point) | about 0.03 | about 0.06 | about 0.03 | | Breakeven at expiration | 50.22 | 51.72 | 55.30 | Now use the 50 call to estimate tomorrow. Say the stock rises $1 and IV falls 2 points: - Delta: +0.52 × $1 = +0.52. - Theta: one day of decay = −0.03. - Vega: −2 points × 0.06 = −0.12. - Total: +0.52 − 0.03 − 0.12 = +0.37, so 1.72 becomes about 2.09. Per contract, that is about +$37. - The estimate runs a little low because delta rises as the stock rises. That is gamma at work. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/greeks Next lesson: [Buying vs selling, and defined-risk spreads](https://mrkts.gg/learn/options/spreads.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Buying vs selling, and defined-risk spreads (Options 101, lesson 7 of 10) Canonical URL: https://mrkts.gg/learn/options/spreads Last updated: Nov 9, 2026, 9:00 AM ET > Debit spreads, credit spreads and iron condors: max loss, max gain and breakevens, plus why win rate alone doesn't make a trade good. What you'll be able to do: Compare long and short premium, and compute max loss, max gain, and breakevens for vertical spreads (debit and credit) and iron condors. ## Buying and selling premium | Buying premium | Selling premium | | --- | --- | | Pay up front | Collect up front | | Risk is the price paid | Loss can be large | | Needs a bigger move than the price assumes | Profits if the stock stays away from the strike | A spread adds a second option to change that trade-off. ## The vertical spread Buy the 50 call for 1.72 and sell the 55 call for 0.30. You pay 1.42 net, and the short call caps your gain at 55. *Payoff chart at expiration: long 50 call at 1.72, short 55 call at 0.30. Per position: breakeven 51.42, max gain $358, max loss $142.* Bull call spread: long 50 call at 1.72, short 55 call at 0.30, at expiration. Max loss $142, max gain $358, breakeven 51.42. 1. Net debit: 1.72 − 0.30 = 1.42, or $142. 2. Max loss: the debit, $142. 3. Max gain: width 5.00 − 1.42 = 3.58, or $358. 4. Breakeven: 50 + 1.42 = 51.42. > **Key idea:** Above 55, the short call loses what the long call gains, so the profit stops. ## Credit spreads Take a put credit spread on the $50 stock: sell the 50 put for 1.72 and buy the 45 put for 0.22. The long put costs money, so it shrinks the credit to 1.50. In return it caps your loss. You sell the higher strike, so you want the stock to stay above 50. *Payoff chart at expiration: short 50 put at 1.72, long 45 put at 0.22. Per position: breakeven 48.50, max gain $150, max loss $350.* Put credit spread: short 50 put at 1.72, long 45 put at 0.22, at expiration. Max gain $150, max loss $350, breakeven 48.50. > **Key idea:** Credit spread: max gain = credit. Max loss = width − credit, not the credit. Here 5.00 − 1.50 = 3.50, or $350. ## The iron condor An iron condor is a put credit spread plus a call credit spread. On a $100 stock: sell the 90 put and the 110 call, buy the 85 put and the 115 call, for a total credit of 1.50. *Payoff chart at expiration: long 85 put at 0.40, short 90 put at 1.00, short 110 call at 1.20, long 115 call at 0.30. Per position: breakeven 88.50 and 111.50, max gain $150, max loss $350.* Iron condor 85/90/110/115 for a 1.50 credit, at expiration. Max gain $150, max loss $350, breakevens 88.50 and 111.50. 1. Max gain: the credit, $150. 2. Max loss: (5.00 − 1.50) × 100 = $350. 3. Breakevens: short put − credit = 88.50, and short call + credit = 111.50. ## A high win rate isn't enough This condor makes $150 or loses $350. How often must it win just to break even? 1. Each win pays $150. Each loss costs $350. 2. Break even when 150 × wins = 350 × losses. 3. That's a win rate of 350 ÷ (150 + 350) = 70%. > **Watch out:** Common mistake: "It wins 70% of the time, so it's a good trade." At these payoffs, 70% only breaks even. And a spread defines your worst case, it doesn't remove it. If the stock gaps through both strikes, you take the full max loss. ## Worked example: Three spreads, worked step by step *Illustrative numbers, not real quotes.* First, a bull call spread: buy the 50 call at 1.72 and sell the 55 call at 0.30, same expiration. - Net debit: 1.72 − 0.30 = 1.42, or $142. That is the most you can lose. - Max gain: width 5.00 − 1.42 = 3.58, or $358, if the stock ends at 55 or higher. - Breakeven: 50 + 1.42 = 51.42. | Stock at expiration | P&L per spread | | --- | --- | | 45 | −$142 | | 50 | −$142 | | 51.42 | $0 | | 53 | +$158 | | 55 | +$358 | | 60 | +$358 | Second, a put credit spread on the same $50 stock: sell the 50 put at 1.72 and buy the 45 put at 0.22. - Net credit: 1.72 − 0.22 = 1.50, or $150. That is the most you can make. - Max loss: width 5.00 − 1.50 = 3.50, or $350, if the stock ends at 45 or lower. - Breakeven: 50 − 1.50 = 48.50. | Stock at expiration | P&L per spread | | --- | --- | | 40 | −$350 | | 45 | −$350 | | 48.50 | $0 | | 50 | +$150 | | 55 | +$150 | Third, an iron condor on a $100 stock: sell the 90 put and the 110 call, and buy the 85 put and the 115 call, for a total credit of 1.50. | Stock at expiration | P&L per condor | | --- | --- | | 80 | −$350 | | 85 | −$350 | | 88.50 | $0 | | 90-110 | +$150 | | 111.50 | $0 | | 115 | −$350 | | 120 | −$350 | - Max gain is the credit, $150. Max loss is (5.00 − 1.50) × 100 = $350. - To break even over many trades, this condor has to win 70% of the time, because 350 ÷ (150 + 350) = 70%. ## Practice The page has 8 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/spreads Next lesson: [Position sizing and max loss](https://mrkts.gg/learn/options/sizing.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Position sizing and max loss (Options 101, lesson 8 of 10) Canonical URL: https://mrkts.gg/learn/options/sizing Last updated: Nov 9, 2026, 9:00 AM ET > Size an options trade from its max loss and a risk budget, and see why premium, margin and real risk aren't the same. Example policies only. What you'll be able to do: Size a position from its max loss and a stated risk budget. Identify when the premium paid understates the real risk, and recognize the hidden risks (gaps, correlation, liquidity). ## Pick the risk first Before you look at any option, decide how much you're willing to lose on one idea. Use a share of the account, not a hunch. 1. Account: $20,000. 2. Example policy: 1% per idea. 3. Budget: $20,000 × 1% = $200. Feeling confident isn't a reason to risk more. A run of wrong calls at a big size can do far more damage than the same run at a small one. > **Tip:** 1% is an example policy to practice with, not a recommendation. ## From max loss to contracts 1. Find the max loss per contract. 2. Divide the budget by it. 3. Round down. | Idea (budget $200) | Contracts that fit | | --- | --- | | Long call at 0.90, max loss $90 | 2 | | Put debit spread, max loss $120 | 1 | | Call credit spread, max loss $380 | 0 | An uncovered short call has no max loss, so you can't size it this way at all. > **Key idea:** If the answer is zero, the trade doesn't fit your rule. Skip it or pick something with less risk. ## Premium isn't always the risk Take the 50/45 put credit spread from Module 7. It pays you $150 up front, but you can lose $350. Size by the $350. *Payoff chart at expiration: short 50 put at 1.72, long 45 put at 0.22. Per position: breakeven 48.50, max gain $150, max loss $350.* Put credit spread: short 50 put at 1.72, long 45 put at 0.22, at expiration. You collect $150 but can lose up to $350. > **Watch out:** Size by max loss, not by the premium you receive or the margin your broker asks for. ## Stops don't cap an option's loss A stop-loss order fills at the next available price. If the stock gaps 15% overnight, that can be far past your stop. - A defined-risk spread has its worst case built in. - A stop on an option is not the same as a cap. - Wide bid/ask spreads in thin options make exits cost more. ## Positions that lose together 1. Two bullish spreads on two bank stocks, each risking 1%. 2. Both report on the same morning. 3. One sector move can hit both, so treat them as one 2% bet. Also check dollars against the account. $500 on calls sounds small, but in a $2,000 account it's 25%. ## Worked example: A $25,000 account, example policy of 1.5% per trade = $375 budget *Illustrative numbers, not real quotes.* Follow the three steps for a $25,000 account with an example policy of risking 1.5% on one idea. - Step 1. Budget = 1.5% × $25,000 = $375. - Step 2. Find each idea's max loss per contract. - Step 3. Contracts = budget ÷ max loss, rounded down. | Idea | Max loss / contract | Contracts that fit | Total max loss | | --- | --- | --- | --- | | Long 50 call at 1.72 | $172 | 2 | $344 | | Bull call spread 50/55 at 1.42 | $142 | 2 | $284 | | Put credit spread 50/45 for 1.50 | $350 | 1 | $350 | | Iron condor 85/90/110/115 for 1.50 | $350 | 1 | $350 | - Row 1: 375 ÷ 172 = 2.18, so 2 contracts. Three would risk $516, over budget. - Row 3: 375 ÷ 350 = 1.07, so 1 contract. The credit of $150 is not the risk, the $350 is. - Always round down. Rounding up breaks the rule you set. Now add correlation. Say the long call and the bull call spread both bet on the same earnings report. - Count them together: $344 + $284 = $628, which is 2.5% of the account. - That is above the 1.5% example policy, even though each trade fits alone. ## Practice The page has 6 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/sizing Next lesson: [Exercise, assignment, early exercise, pin risk](https://mrkts.gg/learn/options/assignment.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Exercise, assignment, early exercise, pin risk (Options 101, lesson 9 of 10) Canonical URL: https://mrkts.gg/learn/options/assignment Last updated: Nov 9, 2026, 9:00 AM ET > What exercise and assignment do to your account, the automatic-exercise rule, early exercise before dividends, and pin risk at expiration. What you'll be able to do: Explain what exercise and assignment do to your position, the automatic-exercise rule at expiration, when early exercise tends to happen, and pin risk. ## Exercise and assignment Exercise is the buyer using the right. Assignment is the seller being told to deliver. | Exercise (the buyer) | Assignment (the seller) | | --- | --- | | A call holder buys 100 shares at the strike | A call seller must sell 100 shares at the strike | | A put holder sells 100 shares at the strike | A put seller must buy 100 shares at the strike | ## What happens at expiration 1. You hold a long 40 call. The stock closes at 42. 2. It's $0.01 or more in the money, so it's exercised automatically unless you say no. 3. On Monday you hold 100 shares, bought at $40, a $4,000 charge. 4. An option that closes out of the money, like a 40 call with the stock at 38, is not exercised. It expires worthless. > **Watch out:** Common mistake: assuming an in-the-money option just expires or gets sold for you. Brokers have their own policies, so check yours. ## Early exercise US stock options can be exercised any business day, so a short option can be assigned early. The classic case is a call just before an ex-dividend date. The holder exercises to get the dividend when it beats the call's remaining extrinsic value. | Sell the call | Exercise the call | | --- | --- | | With the stock at 60 and a 50 call at 10.60: you get 10.60 | You get 10.00 of value | | Keeps the 0.60 of extrinsic value | Gives it up | > **Key idea:** Selling usually beats exercising, because exercising gives up extrinsic value. ## Pin risk Pin risk is the uncertainty when the stock closes right at your short strike. Walk through it with the 50/55 bull call spread, with the stock closing at 55.00. 1. The stock closes at 55.00, exactly at the strike of your short 55 call. 2. Your long 50 call is 5.00 in the money, so it is exercised automatically. You are set to buy 100 shares at $50. 3. Your short 55 call has no value at 55.00, so the holder may or may not exercise it. The choice is theirs. 4. If it is assigned, you sell 100 shares at $55 and the shares net to zero. If it isn't, you keep the 100 shares you bought at $50. 5. You won't know which until after the close, and after-hours news can move the stock before Monday. > **Tip:** Many traders close or roll short legs before expiration instead of waiting to see. A close just over the strike, like 55.02, leaves the same doubt. ## If your short leg is assigned 1. You hold a 50/55 bull call spread and the short 55 call is assigned early. 2. You're now short 100 shares, and you still hold the long 50 call. 3. You can exercise the 50 call to buy 100 at $50 and cover. The loss stays bounded. > **Watch out:** A spread doesn't break when one leg is assigned. You still hold the long leg. Watch for the dividend owed on the short shares, borrow costs and margin. ## Worked example: A 50/55 bull call spread held to the close *Illustrative numbers, not real quotes.* You hold the 50/55 bull call spread from Module 7, bought for a 1.42 debit, through the 4:00 PM close. Here is what happens to the shares in your account: | Stock at the close | Long 50 call | Short 55 call | Shares in your account Monday | | --- | --- | --- | --- | | 48 | Expires | Expires | 0 (you lose the $142 debit) | | 52 | Auto-exercised | Expires | +100, bought at $50 | | 55.02 | Auto-exercised | Probably assigned, not certain (pin risk) | 0 if assigned, +100 if not | | 57 | Auto-exercised | Assigned | 0 | - Stock at 57: you buy 100 at $50 and sell 100 at $55. That is +$500 from the legs, minus the 1.42 debit = +$358, the max gain. Selling the spread at 5.00 before the close gives the same result. - Stock at 54.90 at the close, then it drops after hours: the long 50 call is exercised, and the short 55 call is out of the money, so it is likely not assigned. You now own 100 shares ($5,000) over the weekend. If that is more than your account can hold, the broker may step in. - This is why people close or roll spreads before expiration. ## Practice The page has 6 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/assignment Next lesson: [Planning around events with the mrkts.gg calendar](https://mrkts.gg/learn/options/event-planning.md) Education only, not investment advice. Example numbers are illustrative, not real quotes. --- # Planning around events with the mrkts.gg calendar (Options 101, lesson 10 of 10) Canonical URL: https://mrkts.gg/learn/options/event-planning Last updated: Nov 9, 2026, 9:00 AM ET > Plan an options position around earnings, CPI, FOMC, ex-dividend dates and expiration with the mrkts.gg calendars. A free lesson with examples. What you'll be able to do: Before any options position, list the scheduled events inside its life (economic releases, earnings, ex-dividend dates, expiration) and explain each one's likely effect on price and IV, using the mrkts.gg econ, earnings and week-ahead pages. ## Risk shows up on a schedule Scheduled events are where options risk concentrates. IV usually rises into expirations that cover an event and falls after it. - Earnings: the date, and before the open (BMO) or after the close (AMC). - Economic releases: CPI, jobs and FOMC, with times in ET. They move index options and many stocks. - Ex-dividend dates: early-assignment risk for short calls. - Expiration: pin risk and your broker's cutoff times. - A same-day option still has event risk if a release lands before its close. ## Before the bell or after | Before the open (BMO) | After the close (AMC) | | --- | --- | | The report comes out before the session opens | The report comes out after the session ends | | Tuesday BMO: the last close before it is Monday's | Tuesday AMC: the last close before it is Tuesday's | | Buying Tuesday morning is too late to hold through | Buying Tuesday afternoon still holds through | > **Watch out:** Common mistake: ignoring BMO and AMC. Which close you buy at decides whether you hold through the report. ## IV rises into the event, then falls The weekly option that includes the report prices the event, so its IV climbs into it and drops once the number is out. The next weekly doesn't include the event, so its IV stays lower. *Chart (Implied volatility (%) against Days until the report, illustrative shape):* Illustrative IV for the weekly that includes a report. It climbs from 60% to 85% into the report and falls to 40% the day after. ## Build the checklist 1. Mark today and expiration at the two ends. 2. Add every economic release, earnings date and ex-dividend date between them, with times in ET. 3. Next to each, write what it could do to the price and to IV. The mrkts.gg economic and earnings calendars and the week-ahead page give you the dates and times. When you read down the finished list, every date has a time and an effect. If a row has neither, the plan isn't finished. The worked example after this lesson builds one for a 30-day position. ## What the calendar can't tell you Each earnings page shows the implied move and how past moves compared. Sometimes the real move was bigger, sometimes smaller. Buying right after the event avoids the crush, but the event move has already happened. That's a different bet, not a free one. > **Watch out:** The calendar tells you when risk shows up, not which way the price will move. The implied move is what's priced in, not a forecast. ## Worked example: A 30-day position on stock ABC (dates are made up) *Illustrative numbers, not real quotes.* Build the list in three steps. - Mark today and expiration at the two ends. - Add every economic release, earnings date and ex-dividend date between them, with times in ET. - Next to each, write what it could do to the price and to IV. | Date | Event (from the calendar) | Effect on the position | | --- | --- | --- | | Tue 8:30 AM ET | CPI | Index-wide move risk. Short-dated IV elevated into it | | Wed 2:00 PM ET | FOMC decision | Same, plus the 2:30 PM press conference | | Thu AMC | ABC earnings, implied move ±7% | Gap risk, then IV crush on Friday | | Day 22 | ABC ex-dividend | Early assignment risk on a short ITM call | | Day 30 | Expiration | Pin risk near short strikes. Close or roll before the cutoff | One detail trips people up: which close is the last one before a report? | Report time | Last close before it | | --- | --- | | After the close (AMC) on Tuesday | Tuesday's close | | Before the open (BMO) on Tuesday | Monday's close | - If you want to hold through a report, you must open the position by that close. ## Practice The page has 7 practice questions and 5 mastery checks for this lesson, with feedback on each wrong answer: https://mrkts.gg/learn/options/event-planning Last lesson. The final test: https://mrkts.gg/learn/options/final Education only, not investment advice. Example numbers are illustrative, not real quotes. --- Get the Desk's daily market feature by email: https://mrkts.gg/newsletter?ref=ai&src=llms-full AI-assisted commentary. Not investment advice.