What move does the options market price into Cushman & Wakefield's report?

Implied ±10.4%, either direction.

CWKNYSEReal Estate

Cushman & Wakefield Ltd. (CWK) earnings date, market-implied expected move, and options open interest by expiry

14.30

Closed16:00 ET

Open13.82Volume2.9MMkt cap$3.1BP/E49.32EPS0.29

Day13.82 – 14.5170%52-wk10.88 – 17.4052%

CWK

Cushman & Wakefield Ltd.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.4%implied · straddle

11.9214.68

spot 13.30exp Nov 20ATM strike 12.5ATM straddle 1.63IV 60%

Oct 30 close

Expected move

Inputs

Next report

Today

before open

est.Q3 FY26

Calendar

Next report

Last report

−0.36%

vs ±10.9% implied · ×0.03

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+13.67%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

310 managers

Top fund weight

0.16%

CWK weight · VNQ

N-PORTJul 31 '26

5 funds

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

Cushman & Wakefield (CWK) is expected to report on Nov 3 before open (estimated date).

Implied vs realized

3 reports

—≥ implied

Feb 19 '26Feb 19 '26confirmed±9.4%▼−3.17%×0.34

Q1 FY26May 7 '26confirmed±7.2%▼−4.22%×0.59

Q2 FY26Aug 5 '26confirmed±10.9%▼−0.36%×0.03

quarterimplied−15%0+15%realized×

Q2 FY26±10.9%▼−0.36%×0.03

Q1 FY26±7.2%

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

Implied vs realized

Positioning

OI · 1 expiry · Nov 2 close

0.37OI · 1 expiry · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

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

452−1%Nov 2017d1,228+1%

ExpiryPutsCallsP/C

Nov 2017d452−1%1,228+1%0.37

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

Positioning

Linked exposure

scenario · straddle±10.4%

Funds 4

VNQ±0.0%

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

1.95%as filednet margin · revenue +8.97% QoQ · +11.29% YoY

Revenue$2.7B+8.97%

Pre-tax income$77M+905.21%

Net income$53M1.95%+518.25%

Tax$25M+720.00%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.09· ±2.8% vs ±2.6% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.8%7 of 10×1.09

PPIproducer prices±2.7%3 of 10×1.06

CPIconsumer prices±2.5%5 of 10×0.97

FOMCrate decision±1.8%3 of 7×0.69

PCEpersonal income & outlays±1.4%5 of 10×0.53

CPROFcorporate profits±1.3%1 of 7×0.51

GDPgross domestic product±1.3%5 of 10×0.49

Bar = avg |move| to ±3% · tick = ±2.6% avg day · ×base = |move| ÷ ±2.6% · min 6 releases

Earnings history

EPS 0.22 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.22	—
Q1 FY26	May 7 '26 · confirmed	-0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod