Cushman & Wakefield Ltd. · Brief

Next report

Today

Nov 3 · before openest.Q3 FY26

Expected move

±8.6%implied · straddle

13.1015.56

spot 14.33exp Nov 20ATM strike 15ATM straddle 1.45IV 52%

Nov 2 close

Expected move

3 reportsHistory

—≥ implied

Feb 19 '26±9.4%▼−3.17%×0.34

Q1 FY26±7.2%▼−4.22%×0.59

Q2 FY26±10.9%▼−0.36%×0.03

quarterimplied−15%0+15%realized×

Q2 FY26±10.9%▼−0.36%×0.03

Q1 FY26±7.2%▼−4.22%×0.59

Feb '26±9.4%▼−3.17%×0.34

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

Nov 3 report · est.

Bull2 of 4

5tracked funds holding CWKN-PORT · Aug 31 '26

27managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

Bear2

0.16%of VANGUARD REAL ESTATE INDEX FUND's assets, the largest tracked-fund weightN-PORT · Jul 31 '26

3 of 3recent reports where the move came in under the options-implied rangeEarnings history

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

CWK report session

No linked exposure.

Oct 29impliedImplied move: ±8.9% into Nov 3 earnings (Oct 29 close).Source

Oct 15impliedImplied move: ±12.8% into Oct 29 earnings (Oct 15 close).Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.