What move does the options market price into Lamar Advertising's report?

Implied ±3.7%, either direction.

LAMRNasdaqReal Estate Investment Trusts

Lamar Advertising Co (LAMR) earnings date, market-implied expected move, and options open interest by expiry

157.02

−0.63 · −0.40%

post 157.02 0.00%

Closed16:00 ET

Open157.60Volume738,718Mkt cap$15.9BP/E28.60EPS5.49Div yield4.08%

Day156.76 – 158.0421%52-wk112.02 – 164.4686%

LAMR

Lamar Advertising Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.7%implied · report alone

150.97162.61

straddle ±4.7%

spot 156.79exp Nov 20ATM strike 155ATM straddle 8.65IV 32%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 1 day

confirmedQ3 FY26

Calendar

Next report

Last report

+1.15%

vs ±4.8% implied · ×0.24

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

−3.46%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

780 managers

Top fund weight

0.72%

LAMR weight · VNQ

N-PORTJul 31 '26

4 funds

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

Lamar Advertising (LAMR) reports on Nov 5 before open (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed±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

Implied vs realized

Positioning

OI · 4 expiries · Oct 16 close

0.47OI · 4 expiries · Oct 16 closeP/C open interest · Nov 20 · first expiry after the report

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

195+43%Nov 2016d411+1%

1—Dec 1844d—0——

136+1%Jan 1572d0.265310%0.26

33—Apr 16163d0.5461—0.54

ExpiryPutsCallsP/C

Nov 2016d195+43%411+1%0.47

Dec 1844d1—0——

Jan 1572d136+1%5310%0.26

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

Positioning

Linked exposure

scenario · straddle±4.7%

Funds 4

VNQ±0.0%

MDY±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

26.06%as filednet margin · revenue +16.81% QoQ · +6.46% YoY

Revenue

$617M+16.81% QoQ

Gross profit

$423M+22.58% QoQ

68.51% margin

Operating income

$208M+42.38% QoQ

33.72% margin

Pre-tax income

$167M+58.07% QoQ

Net income

$161M+58.71% QoQ

26.06% margin

Cost of revenue

$194M+5.95% QoQ

Operating expenses

$207M+4.04% QoQ

SG&A $96M

Depreciation $77M

Other operating $37M

Other expense

$41M

Tax

$3M−32.27% QoQ

Revenue$617M+16.81%

Gross profit

$423M+22.58%

68.51% margin

Operating income

$208M+42.38%

33.72% margin

Pre-tax income

$167M+58.07%

Net income

$161M+58.71%

26.06% margin

Cost of revenue

$194M+5.95%

Operating expenses

$207M+4.04%

SG&A $96M

Depreciation $77M

Other operating $37M

Other expense

$41M

Tax$3M−32.27%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.28· ±1.4% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.4%7 of 10×1.28

FOMCrate decision±1.2%14 of 24×1.18

PPIproducer prices±1.2%7 of 10×1.09

GDPgross domestic product±1.0%9 of 19×0.95

CPROFcorporate profits±1.0%6 of 12×0.93

PCEpersonal income & outlays±0.8%11 of 19×0.72

CPIconsumer prices±0.7%6 of 10×0.63

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 1.58 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	1.58	—
Q1 FY26	—	1.00	—
Q3 FY25	—	1.40	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod