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

Implied ±9.4%, either direction.

CNHNYSEConstruction Machinery & Equip

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

11.74

−0.08 · −0.64%

post 11.75 +0.13%

Closed19:31 ET

Open11.81Volume16.8MMkt cap$14.7BP/E45.19EPS0.26Div yield0.85%

Day11.71 – 11.9420%52-wk8.91 – 14.4651%

CNH

CNH Industrial N.V.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.4%implied · report alone

10.6312.83

straddle ±10.7%

spot 11.73exp Nov 20ATM strike 12.5ATM straddle 1.48IV 65%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 2 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 '26127d lag

522 managers

Top fund weight

1.33%

CNH weight · BINV

N-PORTJun 30 '26

4 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 30 close

3.95OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

549+10%Nov 2016d139+4%

3,717−3%Dec 1844d0.556,7050%0.55

1,8270%Jan 1572d0.0537,7230%0.05

876+2%Mar 19135d0.601,4540%0.60

ExpiryPutsCallsP/C

Nov 2016d549+10%139+4%3.95

Dec 1844d3,717−3%6,7050%0.55

Jan 1572d1,8270%37,7230%0.05

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

Positioning

Linked exposure

scenario · straddle±10.7%

Funds 4

BINV±0.1%

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 · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:30 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