What move does the options market price into Mgic Investment's report?

Implied ±6.4%, either direction.

MTGNYSESurety Insurance

Mgic Investment Corp (MTG) earnings date, market-implied expected move, and options open interest by expiry

28.42

Closed16:00 ET

Open28.54Volume1.8MMkt cap$5.8BP/E8.80EPS3.23Div yield2.18%

Day28.33 – 28.6133%52-wk24.55 – 31.7154%

MTG

Mgic Investment Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.4%implied · straddle

26.5830.24

spot 28.41exp Nov 20ATM strike 30ATM straddle 2.15IV 31%

Oct 30 closethin chain

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

confirmedQ3 FY26

Calendar

Next report

Last report

−0.43%

shaded = implied · ▲▼ = realized

Jul 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+0.09%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

507 managers

Top fund weight

0.16%

MTG weight · MDY

N-PORTJun 30 '26

4 funds

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

Mgic Investment (MTG) reports on Nov 4 after close (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Jul 29 '26confirmed—▼−0.43%—

quarterimplied−5%0+5%realized×

Q2 FY26—▼−0.43%—

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 20 close

0.46OI · 2 expiries · Oct 20 closeP/C open interest · Dec 18 · first expiry after the report

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

1,3520%Dec 1848d2,951+6%

329+1%Mar 19139d1.871760%1.87

ExpiryPutsCallsP/C

Dec 1848d1,3520%2,951+6%0.46

Mar 19139d329+1%1760%1.87

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

Positioning

Linked exposure

scenario · straddle±6.4%

Funds 4

MDY±0.0%

REVS±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

61.66%as filednet margin · revenue −0.57% QoQ · −2.91% YoY

Revenue$295M−0.57%

Pre-tax income$230M+11.17%

Net income$182M61.66%+10.19%

Tax$48M+15.07%

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 · 16:00 ET

Intraday

Event sensitivity

CPI ×1.61· ±1.8% vs ±1.1% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.8%5 of 11×1.61

PCEpersonal income & outlays±1.7%11 of 19×1.53

GDPgross domestic product±1.6%11 of 19×1.42

FOMCrate decision±1.4%13 of 24×1.29

CPROFcorporate profits±1.3%8 of 12×1.22

NFPjobs report±1.0%6 of 10×0.94

PPIproducer prices±1.0%3 of 11×0.89

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

Earnings history

EPS 0.86 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 29 '26 · confirmed	0.86	—
Q1 FY26	—	0.76	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod