What move does the options market price into Consolidated Edison's report?

Implied ±3.7%, either direction.

How often does Consolidated Edison move more than the options market prices?

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

EDNYSEElectric & Other Services Combined

Consolidated Edison Inc (ED) earnings date, market-implied expected move, and options open interest by expiry

116.67

pre 116.90 +0.08%

Pre-market07:00 ETdelayed

Open116.90Volume2.2MMkt cap$43.2BP/E19.16EPS6.10Div yield3.01%

Day116.90 – 116.9050%52-wk92.58 – 118.7993%

Consolidated Edison Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.7%implied · report alone

8Q avg ±1.3%·×2.82·rich

112.54121.08

straddle ±4.0%

spot 116.81exp Nov 20ATM strike 115ATM straddle 5.48IV 26%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 1 day

confirmedQ3 FY26

Calendar

Next report

Last report

−0.89%

vs ±3.2% implied · ×0.28

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

88dWLDN · supplierWilldan Group Q2 Earnings Call Highlights

News

Largest filed tie

13F top-10 QoQ

+4.92%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,433 managers

Top fund weight

2.87%

ED weight · XLU

N-PORTJun 30 '26

10 funds

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

Consolidated Edison (ED) reports on Nov 5 after close (confirmed date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±2.9%
avg realized: ±1.3%

Nov 7 '24Nov 7 '24confirmed±2.5%▲+0.56%×0.23

Feb 20 '25Feb 20 '25confirmed±1.6%▲+2.61%×1.61

May 1 '25May 1 '25confirmed±4.0%▼−2.25%×0.56

Aug 7 '25Aug 7 '25confirmed±2.1%▼−0.50%×0.24

Q3 FY25Nov 6 '25confirmed±3.7%▲+1.58%×0.43

Feb 19 '26Feb 19 '26confirmed±2.4%▼−1.89%×0.80

Q1 FY26May 7 '26confirmed±4.0%▼−0.08%×0.02

Q2 FY26Aug 6 '26confirmed±3.2%▼−0.89%×0.28

quarterimplied−5%0+5%realized×

Q2 FY26±3.2%▼−0.89%×0.28

Q1 FY26±4.0%

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

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

1.32OI · 4 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

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

6,469+24%Nov 2016d4,904+5%

287+159%Dec 1844d0.48601+40%0.48

2,4720%Jan 1572d0.773,191+2%0.77

59+74%Feb 19107d0.15387+2%0.15

ExpiryPutsCallsP/C

Nov 2016d6,469+24%4,904+5%1.32

Dec 1844d287+159%601+40%0.48

Jan 1572d2,4720%3,191+2%0.77

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

Positioning

Linked exposure

scenario · straddle±4.0%

Funds 4

XLU±0.1%

REVS±0.0%

RSP±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.57%as filednet margin · revenue −20.14% QoQ · +13.18% YoY

Revenue

$4.1B−20.14% QoQ

Gross profit

$2.1B−24.32% QoQ

51.78% margin

Operating income

$552M−53.10% QoQ

13.57% margin

Pre-tax income

$408M−66.75% QoQ

Net income

$308M−66.67% QoQ

7.57% margin

Cost of revenue

$2.0B−15.10% QoQ

Operating expenses

$1.6B−3.24% QoQ

Other operating $977M

Depreciation $578M

Other expense

$144M

Tax

$100M−67.00% QoQ

Revenue$4.1B−20.14%

Gross profit

$2.1B−24.32%

51.78% margin

Operating income

$552M−53.10%

13.57% margin

Pre-tax income

$408M−66.75%

Net income

$308M−66.67%

7.57% margin

Cost of revenue

$2.0B−15.10%

Operating expenses

$1.6B−3.24%

Other operating $977M

Depreciation $578M

Other expense

$144M

Tax$100M−67.00%

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

Revenue flow

Intraday

No trades yet today.

Intraday

Event sensitivity

NFP ×1.29· ±1.1% vs ±0.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.1%4 of 10×1.29

GDPgross domestic product±1.0%12 of 20×1.17

PCEpersonal income & outlays±1.0%13 of 20×1.16

CPROFcorporate profits±0.9%7 of 12×0.96

CPIconsumer prices±0.8%8 of 11×0.94

FOMCrate decision±0.8%8 of 24×0.93

PPIproducer prices±0.8%6 of 11×0.90

Bar = avg |move| to ±2% · tick = ±0.9% avg day · ×base = |move| ÷ ±0.9% · min 6 releases

Earnings history

EPS 0.83 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.83	—
Q1 FY26	May 7 '26 · confirmed	2.54	—
Q3 FY25	Nov 6 '25 · confirmed	1.90	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod