What move does the options market price into BJ's Wholesale Club's report?

Implied ±4.6%, either direction.

BJNYSERetail-Variety Stores

BJ's Wholesale Club Holdings, Inc. (BJ) earnings date, market-implied expected move, and options open interest by expiry

105.24

−0.17 · −0.16%

post 107.28 +1.94%

Closed15:59 ET

Open106.02Volume1.7MMkt cap$13.6BP/E23.27EPS4.61

Day106.02 – 107.4091%52-wk83.21 – 108.0997%

BJ's Wholesale Club Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.6%implied · report alone

8Q avg ±5.9%·×0.79·cheap

102.38112.26

straddle ±6.8%

spot 107.32exp Nov 20ATM strike 105ATM straddle 8.53IV 41%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 20

before open · in 20 days

est.Q3 FY26

Calendar

Next report

Last report

+5.61%

vs ±5.5% implied · ×1.02

shaded = implied · ▲▼ = realized

Aug 21 '26 · confirmed

Implied vs realized

Linked news

17hDASH · supplierDoorDash net income $466 million, revenue $4,616 million in quarter ended Sept. 30, 2026
1dMA · supplierMastercard Q3 net income $4,628 million, net revenue $9,807 million, EPS $5.28

News

Largest filed tie

13F top-10 QoQ

+2.81%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

634 managers

Top fund weight

0.31%

BJ weight · MDY

N-PORTJun 30 '26

3 funds

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

BJ's Wholesale Club (BJ) is expected to report on Nov 20 before open (estimated date).

Implied vs realized

8 reports

—≥ implied

Nov 21 '24Nov 21 '24confirmed—▲+8.27%—

Mar 6 '25Mar 6 '25confirmed—▲+12.23%—

May 22 '25May 22 '25confirmed—▼−1.30%—

Aug 22 '25Aug 22 '25confirmed—▼−8.52%—

Q3 FY25Nov 21 '25confirmed—▲+1.13%—

Mar 5 '26Mar 5 '26confirmed—▼−1.51%—

Q1 FY26May 22 '26confirmed—▼−8.25%—

Q2 FY26Aug 21 '26confirmed±5.5%▲+5.61%×1.02

quarterimplied−15%0+15%realized×

Q2 FY26±5.5%▲+5.61%×1.02

Q1 FY26—▼−8.25%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 27 close

0.73OI · 4 expiries · Oct 27 closeP/C open interest · Nov 20 · first expiry after the report

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

2,6500%Nov 2020d3,652+3%

7170%Dec 1848d1.664320%1.66

2,6390%Jan 1576d0.634,185+3%0.63

721+10%Feb 19111d0.78927+2%0.78

ExpiryPutsCallsP/C

Nov 2020d2,6500%3,652+3%0.73

Dec 1848d7170%4320%1.66

Jan 1576d2,6390%4,185+3%0.63

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

Positioning

Linked exposure

scenario · straddle±6.8%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

2.79%as filednet margin · revenue +9.98% QoQ · +15.73% YoY

Revenue

$6.2B+9.98% QoQ

Gross profit

$1.1B+7.99% QoQ

17.83% margin

Operating income

$252M+21.38% QoQ

4.05% margin

Pre-tax income

$239M+22.36% QoQ

Net income

$174M+21.82% QoQ

2.79% margin

Cost of revenue

$5.1B+10.42% QoQ

Operating expenses

$858M+4.59% QoQ

SG&A $851M

Other operating $6M

Other expense

$13M

Tax

$65M+23.83% QoQ

Revenue$6.2B+9.98%

Gross profit

$1.1B+7.99%

17.83% margin

Operating income

$252M+21.38%

4.05% margin

Pre-tax income

$239M+22.36%

Net income

$174M+21.82%

2.79% margin

Cost of revenue

$5.1B+10.42%

Operating expenses

$858M+4.59%

SG&A $851M

Other operating $6M

Other expense

$13M

Tax$65M+23.83%

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 · 15:45 ET

Intraday

Event sensitivity

CPI ×1.42· ±2.0% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±2.0%5 of 10×1.42

PPIproducer prices±1.6%7 of 10×1.20

PCEpersonal income & outlays±1.4%10 of 19×1.04

FOMCrate decision±1.3%8 of 24×0.97

GDPgross domestic product±1.3%8 of 19×0.95

CPROFcorporate profits±1.3%4 of 12×0.95

NFPjobs report±1.3%5 of 10×0.94

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 1.36 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 21 '26 · confirmed	1.36	—
Q1 FY26	May 22 '26 · confirmed	1.10	—
Q3 FY25	Nov 21 '25 · confirmed	1.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod