Lamar Advertising Co · Brief

Next report

3 days

Nov 5 · before openconfirmedQ3 FY26

Expected move

±3.0%implied · report alone

152.81162.25

straddle ±4.8%

spot 157.53exp Nov 20ATM strike 160ATM straddle 8.93IV 29%

Oct 30 closereport share · term structure

Expected move

—≥ implied

Q2 FY26±4.8%▲+1.15%×0.24

quarterimplied−5%0+5%realized×

Q2 FY26±4.8%▲+1.15%×0.24

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

Nov 5 report · confirmed

Bull1

3disclosed supplier and customer ties in SEC filingsSEC filings

Bear2 of 3

4tracked funds holding LAMRN-PORT · Jul 31 '26

0.72%of VANGUARD REAL ESTATE INDEX FUND's assets, the largest tracked-fund weightN-PORT · Jul 31 '26

AI captions · Sep 16 '26once per report · top 2 per case

LAMR report session

No linked exposure.

Oct 22impliedImplied move: ±5.0% into Nov 5 earnings (Oct 22 close).Source

Oct 7report dateEarnings date confirmed: Nov 5, before open.Source

Oct 68-KMaterial agreement: Eighth Amendment to the Receivables Financing Agreement with PNC Bank, National Association.Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.