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

Implied ±8.8%, either direction.

CAVANYSERetail-Eating Places

Cava Group, Inc. (CAVA) earnings date, market-implied expected move, and options open interest by expiry

58.74

Closed15:59 ET

Open59.20Volume2.3MMkt cap$6.9BP/E103.04EPS0.57

Day58.37 – 59.7526%52-wk43.41 – 98.7928%

CAVA

Cava Group, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.8%implied · report alone

53.5563.93

straddle ±10.7%

spot 58.74exp Nov 6ATM strike 59ATM straddle 7.43IV 114%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

+14.24%

vs ±10.5% implied · ×1.35

shaded = implied · ▲▼ = realized

Aug 11 '26 · confirmed

Implied vs realized

Linked news

1hGOOGL · supplierGoogle taught the world how to search. Now it faces a revolution it can’t afford to lose.
15hMETA · supplierMeta outlook revised downward by S&P on cash flow and capex concerns

News

Largest filed tie

13F top-10 QoQ

−8.60%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

545 managers

Top fund weight

0.22%

CAVA weight · MDY

N-PORTJun 30 '26

3 funds

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

Cava (CAVA) is expected to report on Nov 3 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 11 '26confirmed±10.5%▲+14.24%×1.35

quarterimplied−15%0+15%realized×

Q2 FY26±10.5%▲+14.24%×1.35

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

0.87OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

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

2,486+17%Nov 66d2,861+35%

10,691+1%Nov 1313d16.89633+11%16.89

4,371+4%Nov 2020d0.706,248+64%0.70

604+52%Nov 2727d0.92656+442%0.92

15+150%Dec 434d0.1598+3167%0.15

5 later expiries

2—Dec 1141d0.673—0.67

23,847+1%Dec 1848d0.88

ExpiryPutsCallsP/C

Nov 66d2,486+17%2,861+35%0.87

Nov 1313d10,691+1%633+11%16.89

Nov 2020d4,371+4%6,248+64%0.70

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

Positioning

Linked exposure

scenario · straddle±10.7%

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

6.25%as filednet margin · revenue −15.93% QoQ · +31.30% YoY

Revenue

$368M−15.93% QoQ

Gross profit

$166M−16.83% QoQ

44.93% margin

Operating income

$27M+6.29% QoQ

7.29% margin

Pre-tax income

$31M+1.79% QoQ

Net income

$23M−2.33% QoQ

6.25% margin

Cost of revenue

$203M−15.18% QoQ

Operating expenses

$139M−20.20% QoQ

Other operating $70M

SG&A $40M

Depreciation $21M

Other operating $8M

Tax

$8M+16.81% QoQ

Other income

$4M−21.96% QoQ

Revenue$368M−15.93%

Gross profit

$166M−16.83%

44.93% margin

Operating income

$27M+6.29%

7.29% margin

Pre-tax income

$31M+1.79%

Net income

$23M−2.33%

6.25% margin

Cost of revenue

$203M−15.18%

Operating expenses

$139M−20.20%

Other operating $70M

SG&A $40M

Depreciation $21M

Other income$4M−21.96%

Tax$8M+16.81%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 12 '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

PPI ×1.69· ±4.2% vs ±2.5% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±4.2%5 of 11×1.69

CPIconsumer prices±4.1%5 of 11×1.63

GDPgross domestic product±2.6%13 of 19×1.03

FOMCrate decision±2.6%16 of 24×1.02

PCEpersonal income & outlays±2.0%9 of 19×0.80

NFPjobs report±1.9%5 of 10×0.76

CPROFcorporate profits±1.9%6 of 12×0.75

Bar = avg |move| to ±5% · tick = ±2.5% avg day · ×base = |move| ÷ ±2.5% · min 6 releases

Earnings history

EPS 0.19 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 11 '26 · confirmed	0.19	—
Q1 FY26	—	0.20	—
Q3 FY25	—	0.12	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod