What move does the options market price into Walt Disney's report?

Implied ±3.5%, either direction.

How often does Walt Disney move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

DISNYSEServices-Miscellaneous Amusement & Recreation

Walt Disney Co (DIS) earnings date, market-implied expected move, and options open interest by expiry

111.14

Closed19:30 ET

Open111.32Volume6.3MMkt cap$191.6BP/E22.82EPS4.87Div yield1.35%

Day110.81 – 111.9828%52-wk91.48 – 115.4282%

DIS

Walt Disney Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.5%implied · straddle

107.05114.83

spot 110.94exp Nov 13ATM strike 111ATM straddle 4.57IV 26%

Oct 30 close

Expected move

Inputs

Next report

Nov 12

before open · in 12 days

est.Q4 FY26

Calendar

Next report

Last report

+3.65%

vs ±5.8% implied · ×0.63

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

8.70%

of Globant S.A revenue

supplierGLOB 20-F

Supply chain

Largest filed tie

13F top-10 QoQ

+1.07%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

2,954 managers

Top fund weight

4.48%

DIS weight · XLC

N-PORTJun 30 '26

11 funds

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

Walt Disney (DIS) is expected to report on Nov 12 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±5.7%
avg realized: ±6.1%

Nov 14 '24Nov 14 '24confirmed±5.7%▲+6.23%×1.09

Feb 5 '25Feb 5 '25confirmed±5.8%▼−2.44%×0.42

May 7 '25May 7 '25confirmed±5.8%▲+10.76%×1.86

Aug 6 '25Aug 6 '25confirmed±5.2%▼−2.66%×0.51

Nov 13 '25Nov 13 '25confirmed±5.8%▼−7.75%×1.34

Q1 FY26Feb 2 '26confirmed±5.5%▼−7.40%×1.35

Q2 FY26May 6 '26confirmed±5.7%▲+7.54%×1.33

Q3 FY26Aug 5 '26confirmed±5.8%▲+3.65%×0.63

quarterimplied−15%0+15%realized×

Q3 FY26±5.8%▲+3.65%×0.63

Q2 FY26±5.7%

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

Implied vs realized

Positioning

OI · 9 expiries · Oct 28 close

0.98OI · 9 expiries · Oct 28 closeP/C open interest · Nov 13 · first expiry after the report

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

3,358+8%Nov 66d0.575,940+9%0.57

report · Nov 12 · before open · est.

4,100+3%Nov 1313d4,176+4%

42,4880%Nov 2020d0.7258,7600%0.72

193—Nov 2727d0.27728—0.27

5 later expiries

47+62%Dec 434d0.10449+2%0.10

39,8400%Dec 1848d0.88

ExpiryPutsCallsP/C

Nov 66d3,358+8%5,940+9%0.57

report · Nov 12 · before open · est.

Nov 1313d4,100+3%4,176+4%0.98

Nov 2020d42,4880%

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

Positioning

Linked exposure

scenario · straddle±3.5%

Funds 4

XLC±0.2%

JEPI±0.0%

DIA±0.0%

VTV±0.0%

Customers 1

PLTK±1.8%×0.51

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

11.26%as filednet margin · revenue +0.32% QoQ · +6.76% YoY

Revenue

$25.2B+0.32% QoQ

Gross profit

$10.1B+9.44% QoQ

40.17% margin

Operating income

$4.8B+25.63% QoQ

18.85% margin

Pre-tax income

$3.6B+8.26% QoQ

Net income

$2.8B+15.38% QoQ

11.26% margin

Cost of revenue

$15.1B−5.00% QoQ

Operating expenses

$5.4B−1.75% QoQ

SG&A $4.0B

Depreciation $1.4B

Other expense

$1.1B

Tax

$801M−11.20% QoQ

Revenue$25.2B+0.32%

Gross profit

$10.1B+9.44%

40.17% margin

Operating income

$4.8B+25.63%

18.85% margin

Pre-tax income

$3.6B+8.26%

Net income

$2.8B+15.38%

11.26% margin

Cost of revenue

$15.1B−5.00%

Operating expenses

$5.4B−1.75%

SG&A $4.0B

Depreciation $1.4B

Other expense

$1.1B

Tax$801M−11.20%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:30 ET

Intraday

Event sensitivity

NFP ×1.10· ±1.3% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.3%6 of 10×1.10

PPIproducer prices±1.2%9 of 11×1.04

FOMCrate decision±1.2%10 of 25×1.02

PCEpersonal income & outlays±1.0%8 of 20×0.90

GDPgross domestic product±0.9%7 of 20×0.76

CPROFcorporate profits±0.8%5 of 12×0.72

CPIconsumer prices±0.8%6 of 11×0.70

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 1.51 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Aug 5 '26 · confirmed	1.51	—
Q2 FY26	May 6 '26 · confirmed	1.27	—
Q1 FY26	Feb 2 '26 · confirmed	1.34	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod