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

Implied ±12.1%, either direction.

CNHNYSEConstruction Machinery & Equip

CNH Industrial N.V. (CNH) earnings date, market-implied expected move, and options open interest by expiry

11.75

Closed18:59 ET

Open11.22Volume22.2MMkt cap$14.6BP/E45.19EPS0.26Div yield0.85%

Day11.22 – 11.7796%52-wk8.91 – 14.4651%

CNH

CNH Industrial N.V.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±12.1%implied · report alone

10.3413.18

straddle ±12.5%

spot 11.76exp Nov 20ATM strike 12.5ATM straddle 1.73IV 70%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

+5.37%

shaded = implied · ▲▼ = realized

Aug 3 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+3.74%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

522 managers

Top fund weight

0.27%

CNH weight · MDY

N-PORTJun 30 '26

3 funds

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

CNH Industrial (CNH) is expected to report on Nov 6 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 3 '26confirmed—▲+5.37%—

quarterimplied−10%0+10%realized×

Q2 FY26—▲+5.37%—

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 26 close

3.72OI · 4 expiries · Oct 26 closeP/C open interest · Nov 20 · first expiry after the report

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

498+6%Nov 2019d134+56%

3,8210%Dec 1847d0.576,6970%0.57

1,830+10%Jan 1575d0.0537,7350%0.05

862+6%Mar 19138d0.591,453+1%0.59

ExpiryPutsCallsP/C

Nov 2019d498+6%134+56%3.72

Dec 1847d3,8210%6,6970%0.57

Jan 1575d1,830+10%37,7350%0.05

Mar 19138d862+6%1,453+1%0.59

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

Positioning

Linked exposure

scenario · straddle±12.5%

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

2.94%as filednet margin · revenue +25.54% QoQ · +1.95% YoY

Revenue

$4.8B+25.54% QoQ

Gross profit

$1.4B+15.23% QoQ

29.29% margin

Operating income

$544M+43.92% QoQ

11.33% margin

Pre-tax income

$172M+1223.08% QoQ

Net income

$141M+1310.00% QoQ

2.94% margin

Cost of revenue

$3.4B+30.36% QoQ

Operating expenses

$863M+2.37% QoQ

SG&A $494M

R&D $230M

Other operating $112M

Other operating $27M

Other expense

$372M

Tax

$43M+975.00% QoQ

Revenue$4.8B+25.54%

Gross profit

$1.4B+15.23%

29.29% margin

Operating income

$544M+43.92%

11.33% margin

Pre-tax income

$172M+1223.08%

Net income

$141M+1310.00%

2.94% margin

Cost of revenue

$3.4B+30.36%

Operating expenses

$863M+2.37%

SG&A $494M

R&D $230M

Other operating $112M

Other expense

$372M

Tax$43M+975.00%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:45 ET

Intraday

Event sensitivity

PCE ×1.20· ±2.1% vs ±1.7% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±2.1%9 of 19×1.20

NFPjobs report±2.1%6 of 10×1.20

FOMCrate decision±2.0%11 of 24×1.18

PPIproducer prices±1.9%5 of 11×1.11

GDPgross domestic product±1.6%9 of 19×0.95

CPROFcorporate profits±1.5%6 of 12×0.87

CPIconsumer prices±1.3%5 of 11×0.76

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.11 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 3 '26 · confirmed	0.11	—
Q1 FY26	—	0.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod