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

Implied ±28.5%, either direction.

CDZINasdaqWater Supply

Cadiz Inc (CDZI) earnings date, market-implied expected move, and options open interest by expiry

3.65

−0.14 · −3.69%

post 3.65 0.00%

Closed16:00 ET

Open3.92Volume1.2MMkt cap$309.1MEPS-0.50

Day3.64 – 3.925%52-wk2.87 – 6.9619%

CDZI

Cadiz Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±28.5%implied · straddle

2.614.69

spot 3.65exp Nov 20ATM strike 2.5ATM straddle 1.22IV 92%

Nov 4 close

Expected move

Inputs

Next report

Nov 12

in 8 days

est.Q3 FY26

Calendar

Next report

Last report

—

Largest filed tie

—

Supply chain

Largest filed tie

13F top-10 QoQ

+6.06%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

115 managers

Top fund weight

0.01%

CDZI weight · IWM

N-PORTJun 30 '26

3 funds

Cadiz (CDZI) is expected to report on Nov 12 (estimated date).

Implied vs realized

No reported quarters.

Implied vs realized

Positioning

OI · 2 expiries · Nov 2 close

0.10OI · 2 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

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

191+10%Nov 2016d2,001+12%

82+5%Feb 19107d0.018,894−16%0.01

ExpiryPutsCallsP/C

Nov 2016d191+10%2,001+12%0.10

Feb 19107d82+5%8,894−16%0.01

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

Positioning

Linked exposure

scenario · straddle±28.5%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

−1161.80%as filednet margin · revenue −40.01% QoQ · −76.27% YoY

Revenue$979,000−40.01%

Gross profit−$24,000−2.45%−105.65%

Operating income−$9M−902.45%−29.26%

Pre-tax income−$11M−31.70%

Net income−$11M−1161.80%−31.70%

Cost of revenue$1M−16.90%

Operating expenses$9M+21.36%

Tax$4,000+33.33%

Other expense−$3M−40.99%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

CPROF ×1.17· ±3.5% vs ±3.0% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±3.5%4 of 12×1.17

GDPgross domestic product±3.2%7 of 19×1.08

NFPjobs report±3.2%6 of 10×1.08

PCEpersonal income & outlays±3.2%7 of 19×1.07

CPIconsumer prices±3.2%4 of 10×1.07

PPIproducer prices±3.1%4 of 10×1.05

FOMCrate decision±3.0%11 of 24×0.99

Bar = avg |move| to ±4% · tick = ±3.0% avg day · ×base = |move| ÷ ±3.0% · min 6 releases

Earnings history

EPS -0.15 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	-0.15	—
Q1 FY26	—	-0.12	—
Q3 FY25	—	-0.10	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod