HSIC

HENRY SCHEIN INC

89.35^post+$0.24 (+0.27%)at close +$0.00 (+0.00%)

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as of 08:36:12 UTCnext report Nov 3 · 90d

Earnings Room‹ back to HSIC

The report

reported · awaiting the session that absorbs it

Aug 4before the opennext Nov 3

Reported yesterday, before the openThe market priced ±5.0% into it; the session that absorbs it hasn't closed yet

The reaction

Loading the session…

Expected movement · next report

market-implied · at the Aug 4 close

±4.3%is what the chain prices for the next report itself, with the ordinary drift of the days around it taken out. Not a view we hold.

The full straddle prices ±11.5% over the 108 days to expiry; the rest of that is everyday movement, which the chain prices at 29% annualized. Priced this far out it is a provisional reading, and it firms up as the report approaches.

expiry Nov 20 · first after the reportATM strike 90straddle 12.05ATM IV 31% vs 30% at Jan 15× 0.85 straddle-to-rangespot 89.35

Blast radius

6 linked · N-PORT + EDGAR

If HSIC moves ±11.5% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.

RSPfundInvesco S&P 500 Equal Weight ETF0.19% of the fund0.02%XLVfundState Street Health Care Select Sector SPDR ETF0.14% of the fund0.02%SPYfundSPDR S&P 500 ETF Trust0.01% of the fund0.00%IVVfundiShares Core S&P 500 ETF0.01% of the fund0.00%VOOfundVanguard 500 Index Fund0.01% of the fund0.00%VTIfundVanguard Total Stock Market Index Fund0.01% of the fund0.00%

Positioning

5 expiries · as of the Aug 4 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

▼ −3%

Aug 21

17d

161

▼ −1%

▲ +0%

Sep 18

45d

▲ +0%

Oct 16

73d

1.2k

▲ +2%

▲ +0%

148

Nov 20

108d

4.2k

▲ +0%

2.5k

Jan 15

164d

2.7k

▲ +0%

The record

expected in pale · actual in full color

2/8reports moved further than the options market had pricedtypically ±4.3% realized vs ±6.7% priced

May 5 '26±6.7%→+3.3%×0.48

Feb 24 '26±6.8%→+3.5%×0.51

Nov 4 '25±8.3%→+10.8%×1.30

Aug 5 '25±6.5%→−7.4%×1.15

May 5 '25±6.5%→+2.0%×0.30

Feb 25 '25±7.3%→−2.3%×0.32

Jan 29 '25±4.7%→+0.2%×0.04

Nov 5 '24±6.9%→−4.6%×0.67

pale = implied the day beforeink = the next day's close× = realized ÷ implied

2-quarter memory

Q2 FY26 · reported 0.82 · rev $3.5B

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.