What move does the options market price into Churchill Capital Corp X's report?

Implied ±9.8%, either direction.

INFQNasdaqFinance, Insurance, And Real Estate

Churchill Capital Corp X (INFQ) earnings date, market-implied expected move, and options open interest by expiry

8.87

pre 8.99 +1.29%

Pre-market09:26 ET

Open9.04Volume5.4MMkt cap$2.0BEPS-3.07

Day8.54 – 9.1180%52-wk8.38 – 21.285%

INFQ

Infleqtion, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.8%implied · report alone

8.019.75

straddle ±15.1%

spot 8.88exp Nov 20ATM strike 9ATM straddle 1.57IV 92%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 16

in 14 days

confirmedQ3 FY26

Calendar

Next report

Last report

−1.46%

shaded = implied · ▲▼ = realized

Aug 12 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+257.83%

shares held · 9 largest managers

13F · Jun 30 '26125d lag

266 managers

Top fund weight

0.05%

INFQ weight · IWM

N-PORTJun 30 '26

3 funds

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

Churchill Capital Corp X (INFQ) reports on Nov 16 (confirmed date).

Implied vs realized

3 reports

—≥ implied

Q1 FY26Apr 8 '26confirmed—▲+5.04%—

May 14 '26May 14 '26confirmed—▼−10.95%—

Q2 FY26Aug 12 '26confirmed—▼−1.46%—

quarterimplied−15%0+15%realized×

Q2 FY26—▼−1.46%—

May '26—▼−10.95%—

Q1 FY26—▲+5.04%—

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

0.24OI · 10 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

1,757−1%Nov 64d0.543,266+81%0.54

1,287+10%Nov 1311d0.751,705+22%0.75

report · Nov 16 · confirmed

4,185+2%Nov 2018d17,218+2%

595+10%Nov 2725d0.561,063+56%0.56

109—Dec 432d9.0812—9.08

5 later expiries

10—Dec 1139d3.333—3.33

1,982+57%Dec 1846d0.424,664+238%0.42

25,7910%Jan 1574d0.4459,2780%0.44

1,495−23%Mar 19137d0.226,928+2%0.22

557+47%Apr 16165d0.451,227+5%0.45

ExpiryPutsCallsP/C

Nov 64d1,757−1%3,266+81%0.54

Nov 1311d1,287+10%1,705+22%0.75

report · Nov 16 · confirmed

Nov 2018d4,185+2%17,218+2%0.24

Nov 2725d595+10%1,063+56%0.56

Dec 432d109—12—9.08

5 later expiries

Dec 1139d10—3—3.33

Dec 1846d1,982+57%4,664+238%0.42

Jan 1574d25,7910%59,2780%0.44

Mar 19137d1,495−23%6,928+2%0.22

Apr 16165d557+47%1,227+5%0.45

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

Positioning

Linked exposure

scenario · straddle±15.1%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

−182.41%as filednet margin · revenue +43.09% QoQ · +156.55% YoY

Revenue$14M+43.09%

Gross profit$2M16.01%+8.84%

Operating income−$30M−220.55%+11.07%

Pre-tax income−$25M+18.40%

Net income−$25M−182.41%+18.40%

Cost of revenue$11M+52.22%

Operating expenses$32M−9.96%

Tax$0—

Other income$5M+55.89%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:15 ET

Intraday

Event sensitivity

GDP ×1.22· ±6.5% vs ±5.3% · 8 releases

eventrelease day|move|up · n×base

GDPgross domestic product±6.5%2 of 8×1.22

PCEpersonal income & outlays±6.5%2 of 8×1.22

PPIproducer prices±5.5%4 of 9×1.04

NFPjobs report±4.9%3 of 7×0.92

CPIconsumer prices±4.2%5 of 8×0.79

Bar = avg |move| to ±7% · tick = ±5.3% avg day · ×base = |move| ÷ ±5.3% · min 6 releases

Earnings history

EPS -0.11 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 12 '26 · confirmed	-0.11	—
Q1 FY26	Apr 8 '26 · confirmed	-0.26	—
Q3 FY25	—	-1.28	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod