What move does the options market price into General Dynamics's report?

Implied ±9.2%, either direction · provisional.

How often does General Dynamics move more than the options market prices?

3 of the last 7 reports moved at least as far as the implied move.

GDNYSEShip & Boat Building & Repairing

General Dynamics Corp (GD) earnings date, market-implied expected move, and options open interest by expiry

371.72

+0.90 · +0.24%

post 372.60 +0.24%

Closed17:19 ET

Open358.08Volume2.5MMkt cap$100.7BP/E21.60EPS17.25Div yield1.68%

Day358.08 – 386.0052%52-wk303.95 – 398.0773%

General Dynamics Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.2%implied · straddle

338.21406.97

spot 372.59exp Feb 19ATM strike 370ATM straddle 40.45IV 25%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 27

before open · in 87 days

est.Q4 FY26

Calendar

Next report

Last report

+0.48%

vs ±3.5% implied · ×0.14

shaded = implied · ▲▼ = realized

Oct 30 '26 · confirmed

Implied vs realized

Largest filed tie

68.00%

of GD revenue · U.S. Government

customerGD 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.16%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

2,222 managers

Top fund weight

1.56%

GD weight · XLI

N-PORTJun 30 '26

11 funds

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

General Dynamics (GD) is expected to report on Jan 27 before open (estimated date).

Implied vs realized

8 reports

3 of 7≥ implied

avg implied: ±3.4%
avg realized: ±4.0%

Jan 29 '25Jan 29 '25confirmed±3.6%▼−4.24%×1.18

Apr 23 '25Apr 23 '25confirmed±3.3%▼−3.30%×1.00

Jul 23 '25Jul 23 '25confirmed±3.2%▲+6.50%×2.03

Oct 24 '25Oct 24 '25confirmed±3.1%▲+2.71%×0.87

Jan 28 '26Jan 28 '26confirmed±3.3%▼−2.71%×0.83

Q1 FY26Apr 29 '26confirmed±3.8%▲+7.99%×2.12

Q2 FY26Jul 29 '26confirmed—▼−3.11%—

Q3 FY26Oct 30 '26confirmed±3.5%▲+0.48%×0.14

quarterimplied−10%0+10%realized×

Q3 FY26±3.5%▲+0.48%×0.14

Q2 FY26—▼−3.11%

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

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.34OI · 10 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

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

6 nearer expiries

384+220%Nov 65d0.85450+18%0.85

43+10%Nov 1312d0.25173+12%0.25

2,141+17%Nov 2019d0.732,941+5%0.73

22+69%Nov 2726d0.4549+250%0.45

8+33%Dec 433d0.8990%0.89

4—Dec 1140d—0——

1,871+1%Dec 1847d0.573,293+1%0.57

3,4690%Jan 1575d0.734,7460%0.73

report · Jan 27 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 65d384+220%450+18%0.85

Nov 1312d43+10%173+12%0.25

Nov 2019d2,141+17%2,941

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

Positioning

Linked exposure

scenario · straddle±9.2%

Funds 4

XLI±0.1%

REVS±0.1%

VIG±0.0%

VTV±0.0%

Suppliers 3

KTOS±11.1%×1.21

MRCY±8.6%×0.93

CDP±2.1%

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

8.44%as filednet margin · revenue +3.35% QoQ · +12.85% YoY

Revenue

$14.6B+3.35% QoQ

Gross profit

$2.2B+3.02% QoQ

15.44% margin

Operating income

$1.5B+4.59% QoQ

10.48% margin

Pre-tax income

$1.5B+5.61% QoQ

Net income

$1.2B+5.95% QoQ

8.44% margin

Cost of revenue

$12.3B+3.41% QoQ

Operating expenses

$722M−0.14% QoQ

Other expense

$41M

Tax

$257M+4.05% QoQ

Revenue$14.6B+3.35%

Gross profit

$2.2B+3.02%

15.44% margin

Operating income

$1.5B+4.59%

10.48% margin

Pre-tax income

$1.5B+5.61%

Net income

$1.2B+5.95%

8.44% margin

Cost of revenue

$12.3B+3.41%

Operating expenses

$722M−0.14%

Other expense

$41M

Tax$257M+4.05%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Oct 4 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 17:15 ET

Intraday

Event sensitivity

NFP ×1.65· ±1.5% vs ±0.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.5%5 of 10×1.65

FOMCrate decision±1.4%9 of 24×1.60

PPIproducer prices±1.2%5 of 10×1.37

CPIconsumer prices±1.0%6 of 10×1.05

GDPgross domestic product±0.8%12 of 19×0.87

CPROFcorporate profits±0.7%7 of 12×0.82

PCEpersonal income & outlays±0.7%11 of 19×0.76

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

Earnings history

EPS 4.49 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 30 '26 · confirmed	4.49	—
Q2 FY26	Jul 29 '26 · confirmed	4.24	—
Q1 FY26	Apr 29 '26 · confirmed	4.10	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod