AGM
FEDERAL AGRICULTURAL MORTGAGE CORP241.60post−$0.14 (−0.06%)at close +$0.00 (+0.00%)
as of 20:27:14 UTCnext report Nov 6 · 93d
Earnings Room‹ back to AGM
The report
fiscal Q3 2026 · from the company's noticeNov 6after close93days out
Expected movement
market-implied · at the Aug 4 close±3.6%is what the chain prices for this report itself, with the ordinary drift of the days around it taken out. Not a view we hold.
The full straddle prices ±11.2% over the 108 days to expiry; the rest of that is everyday movement, which the chain prices at 29% annualized. Priced this far out it is a provisional reading, and it firms up as the report approaches.
expiry Nov 20 · first after the reportATM strike 240straddle 31.90ATM IV 31% vs 30% at Jan 15× 0.85 straddle-to-rangespot 241.60
Blast radius
2 linked · N-PORT + EDGARIf AGM moves ±11.2% 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 ranked by disclosed tie strength.
Positioning
Butterfly LadderNo options positioning captured for this ticker yet. Open interest settles once daily — check back after the next capture, or open this room again tomorrow.
The record
expected in pale · actual in full color3/8reports moved further than the options market had pricedtypically ±5.9% realized vs ±4.1% priced
Jul 30 '26±5.9%→+3.3%×0.56
May 5 '26±4.5%→+4.5%×0.98
Feb 19 '26±2.7%→−14.1%×5.21
Nov 3 '25±5.2%→+4.7%×0.91
Aug 7 '25±3.9%→+3.3%×0.83
May 9 '25±5.3%→+4.7%×0.88
Feb 21 '25±1.3%→+6.3%×4.94
Nov 4 '24±4.1%→+6.2%×1.53
pale = implied the day beforeink = the next day's close× = realized ÷ implied
2-quarter memory
Q2 FY26 · reported 5.41 · rev $125M
record note
The note composes when the report lands. Nothing is written for a quarter that hasn't been read.