How often does Cardinal Health move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

CAHNYSEWholesale-Drugs, Proprietaries & Druggists' Sundries

Cardinal Health Inc (CAH) earnings date, market-implied expected move, and options open interest by expiry

271.56

+3.74 · +1.39%

post 271.49 −0.02%

After hours16:15 ETdelayed

Open265.68Volume2.9MMkt cap$61.9BP/E34.94EPS7.77Div yield0.77%

Day262.71 – 272.4990%52-wk179.64 – 286.2986%

CAH

Cardinal Health Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 4

before open · in 90 days

est.Q2 FY27

Calendar

Next report

Last report

+2.25%

vs ±4.5% implied · ×0.50

shaded = implied · ▲▼ = realized

Nov 5 '26 · confirmed

Implied vs realized

Largest filed tie

30.00%

of CAH revenue · CVS Health

customerCAH 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+8.65%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

1,503 managers

Top fund weight

0.97%

CAH weight · XLV

N-PORTJun 30 '26

12 funds

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

Cardinal Health (CAH) is expected to report on Feb 4 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±4.8%
avg realized: ±5.5%

Jan 30 '25Jan 30 '25confirmed±5.4%▲+0.39%×0.07

May 1 '25May 1 '25confirmed±4.8%▲+3.00%×0.62

Aug 12 '25Aug 12 '25confirmed±3.0%▼−7.21%×2.39

Oct 30 '25Oct 30 '25confirmed±4.0%▲+15.43%×3.83

Q2 FY26Feb 5 '26confirmed±4.6%▲+9.83%×2.15

Q3 FY26Apr 30 '26confirmed±6.0%▼−4.90%×0.81

Q4 FY26Aug 11 '26confirmed±5.8%▲+1.30%×0.22

Q1 FY27Nov 5 '26confirmed±4.5%▲+2.25%×0.50

quarterimplied−20%0+20%realized×

Q1 FY27±4.5%▲+2.25%×0.50

Q4 FY26±5.8%

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

Implied vs realized

Positioning

OI · 9 expiries · Nov 5 close

0.33OI · 9 expiries · Nov 5 closeP/C open interest · Mar 19 · first expiry after the report

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

6 nearer expiries

579+78%Nov 60d0.59982+20%0.59

1,119+83%Nov 137d8.81127+17%8.81

613+6%Nov 2014d0.302,047+6%0.30

680%Nov 2721d1.2156+2%1.21

36+50%Dec 428d0.14253+5%0.14

2—Dec 1135d—0——

1,380+33%Dec 1842d0.492,838+1%0.49

7,7850%Jan 1570d1.156,757+2%1.15

report · Feb 4 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 60d579+78%982+20%0.59

Nov 137d1,119+83%127+17%8.81

Nov 2014d613+6%2,047

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

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ1 FY27

0.82%as filednet margin · revenue +6.03% QoQ · +5.47% YoY

Revenue

$67.5B+6.03% QoQ

Gross profit

$2.6B+1.41% QoQ

3.85% margin

Operating income

$753M+3.29% QoQ

1.12% margin

Pre-tax income

$688M+24.19% QoQ

Net income

$556M+39.00% QoQ

0.82% margin

Cost of revenue

$64.9B+6.23% QoQ

Operating expenses

$1.8B+0.66% QoQ

SG&A $1.6B

Other operating $94M

Other operating $154M

Other expense

$65M

Tax

$132M−14.29% QoQ

Revenue$67.5B+6.03%

Gross profit

$2.6B+1.41%

3.85% margin

Operating income

$753M+3.29%

1.12% margin

Pre-tax income

$688M+24.19%

Net income

$556M+39.00%

0.82% margin

Cost of revenue

$64.9B+6.23%

Operating expenses

$1.8B+0.66%

SG&A $1.6B

Other operating $94M

Other operating $154M

Other expense

$65M

Tax$132M−14.29%

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

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:15 ET

Intraday

Event sensitivity

PPI ×1.63· ±1.8% vs ±1.1% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%7 of 11×1.63

CPIconsumer prices±1.5%6 of 11×1.37

PCEpersonal income & outlays±1.3%10 of 20×1.17

GDPgross domestic product±1.1%14 of 20×1.05

NFPjobs report±1.0%4 of 10×0.88

CPROFcorporate profits±0.9%9 of 12×0.86

FOMCrate decision±0.8%14 of 24×0.71

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 2.38 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Nov 5 '26 · confirmed	2.38	—
Q4 FY26	Aug 11 '26 · confirmed	—	—
Q3 FY26	Apr 30 '26 · confirmed	—	—
Q2 FY26	Feb 5 '26 · confirmed

Methodology

ties · implied moves · holdersMethod