What move does the options market price into Ashland's report?

Implied ±5.3%, either direction.

ASHNYSEWholesale-Chemicals & Allied Products

Ashland Inc. (ASH) earnings date, market-implied expected move, and options open interest by expiry

74.54

+0.16 · +0.21%

post 74.53 −0.01%

Closed16:00 ET

Open74.30Volume457,199Mkt cap$3.4BP/E59.15EPS1.26Div yield2.24%

Day73.98 – 74.5499%52-wk45.84 – 77.8090%

ASH

Ashland Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±5.3%implied · report alone

70.7278.64

straddle ±7.1%

spot 74.68exp Nov 20ATM strike 75ATM straddle 6.27IV 44%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 3 days

est.Q4 FY26

Calendar

Next report

Last report

+7.10%

shaded = implied · ▲▼ = realized

Jul 28 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+31.65%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

360 managers

Top fund weight

0.10%

ASH weight · IWM

N-PORTJun 30 '26

5 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Ashland (ASH) is expected to report on Nov 3 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q3 FY26Jul 28 '26confirmed—▲+7.10%—

quarterimplied−10%0+10%realized×

Q3 FY26—▲+7.10%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.13OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1880%Nov 2020d1,4660%

29+4%Dec 1848d2.9010+11%2.90

165+1%Jan 1576d0.198650%0.19

43+5%Apr 16167d0.07644+3%0.07

ExpiryPutsCallsP/C

Nov 2020d1880%1,4660%0.13

Dec 1848d29+4%10+11%2.90

Jan 1576d165+1%8650%0.19

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.1%

Funds 4

IWM±0.0%

MDY±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

3.22%as filednet margin · revenue +3.11% QoQ · +7.34% YoY

Revenue

$497M+3.11% QoQ

Gross profit

$170M+15.65% QoQ

34.21% margin

Operating income

$43M+10.26% QoQ

8.65% margin

Pre-tax income

$56M+180.00% QoQ

Net income

$16M0.00% QoQ

3.22% margin

Cost of revenue

$327M−2.39% QoQ

Operating expenses

$127M+17.59% QoQ

SG&A $99M

R&D $15M

Other operating $13M

Tax

$15M+200.00% QoQ

Other income

$13M+168.42% QoQ

Revenue$497M+3.11%

Gross profit

$170M+15.65%

34.21% margin

Operating income

$43M+10.26%

8.65% margin

Pre-tax income

$56M+180.00%

Net income

$16M0.00%

3.22% margin

Cost of revenue

$327M−2.39%

Operating expenses

$127M+17.59%

SG&A $99M

R&D $15M

Other operating $13M

Other income$13M+168.42%

Tax$15M+200.00%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×2.32· ±3.4% vs ±1.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±3.4%10 of 24×2.32

NFPjobs report±2.0%5 of 10×1.35

GDPgross domestic product±1.8%12 of 19×1.25

CPIconsumer prices±1.5%6 of 11×1.06

PCEpersonal income & outlays±1.5%9 of 19×1.01

PPIproducer prices±1.3%5 of 11×0.92

CPROFcorporate profits±1.0%9 of 12×0.67

Bar = avg |move| to ±4% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 0.35 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Jul 28 '26 · confirmed	0.35	—
Q2 FY26	—	0.34	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod