MS as of Nov 1 · 19:59 ET

MSNYSESecurity Brokers, Dealers & Flotation Companies

Morgan Stanley · Brief

Next report

73 days

Jan 14 · before openest.Q4 FY26

Earnings

Expected move

Inputs

±1.6%implied · report alone

181.44187.16

straddle ±9.9%

spot 184.30exp Jan 15ATM strike 185ATM straddle 21.43IV 32%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

3 of 5≥ implied

avg implied: ±3.3%
avg realized: ±3.6%

Jan 16 '25—▲+4.03%—

Apr 11 '25—▲+1.44%—

Jul 16 '25—▼−1.27%—

Q3 FY25±3.6%▲+4.71%×1.31

Jan 15 '26±3.1%▲+5.78%×1.89

Q1 FY26±2.9%▲+4.52%×1.58

Q2 FY26±3.8%▲+0.39%×0.10

Oct 14 '26±3.4%▼−2.75%×0.81

quarterimplied−10%0+10%realized×

Oct '26±3.4%▼−2.75%×0.81

Q2 FY26±3.8%▲+0.39%×0.10

Q1 FY26±2.9%▲+4.52%×1.58

Jan '26±3.1%▲+5.78%×1.89

Q3 FY25±3.6%▲+4.71%×1.31

Jul '25—▼−1.27%—

2 older reports

Apr '25—▲+1.44%—

Jan '25—▲+4.03%—

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

Bull & bear

Jan 14 report · est.

Bull2 of 4

5customers disclosing the company as a supplierSEC filings

2,756managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2 of 3

13 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

2 of 5recent reports where the move came in under the options implied rangeEarnings history

AI captions · Oct 19 '26once per report · top 2 per case

Linked exposure

MS report session

Suppliers 1

AHRTAH Realty Trust×0.30

Customers 1

TPRTapestry×0.52

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

No changes.

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.