CHH as of Oct 31 · 14:01 ET

CHHNYSEHotels & Motels

Choice Hotels International Inc · Brief

Next report

2 days

Nov 2 · before openconfirmedQ3 FY26

Earnings

Expected move

Inputs

±3.1%implied · report alone

107.70114.62

straddle ±7.2%

spot 111.16exp Nov 20ATM strike 110ATM straddle 9.40IV 44%

Oct 30 closereport share · term structurethin chain

Expected move

Inputs

Implied vs realized

8 reportsHistory

—≥ implied

Nov 4 '24—▲+1.07%—

Feb 20 '25—▲+3.11%—

May 8 '25—▼−3.59%—

Aug 6 '25—▼−0.38%—

Q3 FY25—▲+5.98%—

Feb 19 '26—▲+1.51%—

Q1 FY26—▼−15.58%—

Q2 FY26—▲+2.93%—

quarterimplied−20%0+20%realized×

Q2 FY26—▲+2.93%—

Q1 FY26—▼−15.58%—

Feb '26—▲+1.51%—

Q3 FY25—▲+5.98%—

Aug '25—▼−0.38%—

May '25—▼−3.59%—

2 older reports

Feb '25—▲+3.11%—

Nov '24—▲+1.07%—

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

Bull & bear

Nov 2 report · confirmed

Bull1

331managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2 of 3

23managers holding four fifths of reported value13F · Jun 30 '26

12 of 23largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 12 '26once per report · top 2 per case

Linked exposure

CHH report session

Suppliers 4

HGVHilton Grand Vacations×0.59 EXPEExpedia×0.53 TRIPTripadvisor×0.47 BKNGBooking.com×0.40

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 19impliedImplied move: ±8.6% into Nov 2 earnings (Oct 19 close).Source

Oct 7report dateEarnings date confirmed: Nov 2, before open.Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.