CNA Financial Corp · Brief

Next report

2 days

Nov 2 · before openconfirmedQ3 FY26

Expected move

±8.6%implied · report alone

44.5052.86

straddle ±8.9%

spot 48.68exp Nov 20ATM strike 50ATM straddle 5.13IV 53%

Oct 30 closereport share · term structure

Expected move

—≥ implied

Q2 FY26—▲+2.13%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+2.13%—

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

Nov 2 report · confirmed

Bull1

11disclosed supplier and customer ties in SEC filingsSEC filings

Bear2 of 3

1managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

11 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 16 '26once per report · top 2 per case

CNA report session

No linked exposure.

Oct 19impliedImplied move: ±9.5% into Nov 2 earnings (Oct 19 close).Source

Oct 13report dateEarnings date confirmed: Nov 2, before open.Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.