What move does the options market price into Bath & Body Works's report?

Implied ±10.3%, either direction.

BBWINYSERetail-Retail Stores, NEC

Bath & Body Works, Inc. (BBWI) earnings date, market-implied expected move, and options open interest by expiry

22.77

Closed16:02 ET

Open22.70Volume6.6MMkt cap$4.6BP/E5.96EPS3.82Div yield3.51%

Day22.39 – 22.8484%52-wk13.86 – 24.2386%

BBWI

Bath & Body Works, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.3%implied · report alone

20.4325.11

straddle ±11.6%

spot 22.77exp Nov 20ATM strike 23ATM straddle 3.10IV 71%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 19

before open · in 19 days

est.Q3 FY26

Calendar

Next report

Last report

+7.51%

vs ±10.7% implied · ×0.70

shaded = implied · ▲▼ = realized

Aug 26 '26 · confirmed

Implied vs realized

Linked news

1dAMZN · customerAmazon falls 2%, Intel dives 29%, as tech stocks sell off in post-earnings rout

News

Largest filed tie

13F top-10 QoQ

−0.30%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

470 managers

Top fund weight

0.13%

BBWI weight · MDY

N-PORTJun 30 '26

4 funds

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

Bath & Body Works (BBWI) is expected to report on Nov 19 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 26 '26confirmed±10.7%▲+7.51%×0.70

quarterimplied−15%0+15%realized×

Q2 FY26±10.7%▲+7.51%×0.70

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

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.43OI · 10 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

310+37%Nov 66d0.62503+33%0.62

740+20%Nov 1313d0.135,650+761%0.13

report · Nov 19 · before open · est.

4,953+1%Nov 2020d11,553+6%

125−2%Nov 2727d0.025,175+14%0.02

1—Dec 434d1.001—1.00

5 later expiries

1—Dec 1141d—0——

6,801+1%Dec 1848d1.52

ExpiryPutsCallsP/C

Nov 66d310+37%503+33%0.62

Nov 1313d740+20%5,650+761%0.13

report · Nov 19 · before open · est.

Nov 2020d4,953+1%

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

Positioning

Linked exposure

scenario · straddle±11.6%

Funds 4

MDY±0.0%

REVS±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

7.79%as filednet margin · revenue +9.87% QoQ · −2.26% YoY

Revenue

$1.5B+9.87% QoQ

Gross profit

$692M+17.89% QoQ

45.71% margin

Operating income

$216M−6.49% QoQ

14.27% margin

Pre-tax income

$164M−1.20% QoQ

Net income

$118M−35.52% QoQ

7.79% margin

Cost of revenue

$822M+3.92% QoQ

Operating expenses

$476M+33.71% QoQ

Other expense

$52M

Tax

$46M+370.59% QoQ

Revenue$1.5B+9.87%

Gross profit

$692M+17.89%

45.71% margin

Operating income

$216M−6.49%

14.27% margin

Pre-tax income

$164M−1.20%

Net income

$118M−35.52%

7.79% margin

Cost of revenue

$822M+3.92%

Operating expenses

$476M+33.71%

Other expense

$52M

Tax$46M+370.59%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 1 '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

GDP ×1.43· ±3.4% vs ±2.4% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±3.4%11 of 19×1.43

CPROFcorporate profits±2.9%7 of 12×1.24

PPIproducer prices±2.8%6 of 11×1.17

CPIconsumer prices±2.7%4 of 11×1.15

PCEpersonal income & outlays±2.5%11 of 19×1.06

NFPjobs report±2.1%4 of 10×0.91

FOMCrate decision±2.0%11 of 24×0.84

Bar = avg |move| to ±4% · tick = ±2.4% avg day · ×base = |move| ÷ ±2.4% · min 6 releases

Earnings history

EPS 0.58 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 26 '26 · confirmed	0.58	—
Q1 FY26	—	0.90	—
Q3 FY25	—	0.37	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod