Garmin Ltd · Brief

Next report

108 days

Feb 17 · before openest.Q4 FY26

Earnings

Expected move

Inputs

±6.1%implied · report alone

256.00289.34

straddle ±11.9%

spot 272.67exp Feb 19ATM strike 270ATM straddle 38.05IV 32%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

5 of 8≥ implied

avg implied: ±7.9%
avg realized: ±11.1%

Oct 30 '24±7.0%▲+23.25%×3.33

Feb 19 '25±8.1%▲+12.64%×1.57

Jul 30 '25±8.0%▼−7.44%×0.93

Oct 29 '25±7.7%▼−11.48%×1.48

Feb 18 '26±7.7%▲+9.44%×1.22

Q1 FY26±7.9%▲+2.13%×0.27

Q2 FY26±8.0%▲+16.23%×2.02

Q3 FY26±8.8%▼−5.82%×0.66

quarterimplied−25%0+25%realized×

Q3 FY26±8.8%▼−5.82%×0.66

Q2 FY26±8.0%▲+16.23%×2.02

Q1 FY26±7.9%▲+2.13%×0.27

Feb '26±7.7%▲+9.44%×1.22

Oct '25±7.7%▼−11.48%×1.48

Jul '25±8.0%▼−7.44%×0.93

2 older reports

Feb '25±8.1%▲+12.64%×1.57

Oct '24±7.0%▲+23.25%×3.33

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

Bull & bear

Feb 17 report · est.

—

Linked exposure

GRMN report session

Customers 1

TXTTextron×0.22

× = co-movement · max 499dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 14impliedImplied move: ±9.3% into Oct 28 earnings (Oct 14 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.