ADP

AUTOMATIC DATA PROCESSING INC

272.39^post+$1.77 (+0.65%)at close +$0.00 (+0.00%)

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as of 08:42:41 UTCnext report Nov 4 · 91d

Earnings Room‹ back to ADP

The report

fiscal Q1 2027 · from the company's notice

Nov 4before open91days out

Expected movement

market-implied · at the Aug 4 close

±11.5%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 108days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Nov 20 · first after the reportATM strike 270straddle 36.95ATM IV 32%× 0.85 straddle-to-rangespot 272.39

Blast radius

7 linked · N-PORT + EDGAR

If ADP moves ±11.5% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are named by filings and their coefficient measured against two years of daily returns.

XLIfundState Street Industrial Select Sector SPDR ETF1.6% of the fund0.2%QQQfundInvesco QQQ Trust, Series 10.46% of the fund0.05%VIGfundVanguard Dividend Appreciation Index Fund0.38% of the fund0.04%VTVfundVanguard Value Index Fund0.34% of the fund0.04%RSPfundInvesco S&P 500 Equal Weight ETF0.19% of the fund0.02%VOOfundVanguard 500 Index Fund0.15% of the fund0.02%EIGsupplierEmployers Holdings, Inc.×0.41 · 500 days4.7%

Positioning

10 expiries · as of the Jul 31 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

first

6.3k

Jul 31

1d · Jul 30

2.8k

first

▲ +140%

2.0k

Aug 7

1.9k

▲ +109%

first

Aug 14

14d

289

first

6.8k

Aug 21

22d · Jul 30

4.8k

first

▲ +1%

343

Aug 28

28d

140

▲ +1%

first

Sep 4

35d

first

Sep 11

42d

first

▲ +1%

4.0k

Sep 18

49d

2.9k

▲ +4%

▼ −0%

2.5k

Dec 18

140d

1.9k

▼ −0%

▲ +0%

6.8k

Jan 15

168d

4.1k

▲ +1%

The record

expected in pale · actual in full color

2/7reports moved further than the options market had pricedtypically ±3.0% realized vs ±3.4% priced

Jul 29 '26+3.5%

Apr 29 '26±3.8%→+8.0%×2.08

Jan 28 '26±4.0%→−1.5%×0.37

Oct 29 '25±3.2%→−6.6%×2.06

Jul 30 '25±3.0%→+0.8%×0.25

Apr 30 '25±3.4%→+1.6%×0.48

Jan 29 '25±3.5%→+0.8%×0.22

Oct 30 '24±3.2%→+1.7%×0.52

pale = implied the day beforeink = the next day's close× = realized ÷ implied

2-quarter memory

Q3 FY26 · reported 3.38 · rev $5.9B

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.