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

Implied ±11.4%, either direction.

MUXNYSEMining

McEwen Inc. (MUX) earnings date, market-implied expected move, and options open interest by expiry

14.03

Closed16:00 ET

Open14.64Volume1.3MMkt cap$860.9MP/E9.88EPS1.42

Day13.61 – 14.6441%52-wk13.58 – 29.703%

MUX

McEwen Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.4%implied · report alone

12.4315.63

straddle ±13.9%

spot 14.03exp Nov 20ATM strike 14ATM straddle 2.30IV 86%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 6 days

est.Q3 FY26

Calendar

Next report

Last report

—

Largest filed tie

66.00%

of MUX revenue · Auramet

customerMUX 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+31.01%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

171 managers

Top fund weight

0.03%

MUX weight · IWM

N-PORTJun 30 '26

2 funds

McEwen (MUX) is expected to report on Nov 6 before open (estimated date).

Implied vs realized

No reported quarters.

Implied vs realized

Positioning

OI · 4 expiries · Oct 23 close

0.35OI · 4 expiries · Oct 23 closeP/C open interest · Nov 20 · first expiry after the report

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

1,980+45%Nov 2020d5,638+2%

6+200%Dec 1848d0.0871+223%0.08

4,635−4%Jan 1576d0.3413,713+1%0.34

2,377−31%Feb 19111d1.581,508+2%1.58

ExpiryPutsCallsP/C

Nov 2020d1,980+45%5,638+2%0.35

Dec 1848d6+200%71+223%0.08

Jan 1576d4,635−4%13,713+1%0.34

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

Positioning

Linked exposure

scenario · straddle±13.9%

Funds 2

IWM±0.0%

UWM±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

16.22%as filednet margin · revenue −20.01% QoQ · +26.84% YoY

Revenue

$59M−20.01% QoQ

Gross profit

$20M−36.24% QoQ

33.90% margin

Operating income

$8M−81.32% QoQ

13.01% margin

Pre-tax income

$6M−82.56% QoQ

Net income

$10M−71.22% QoQ

16.22% margin

Cost of revenue

$39M−7.99% QoQ

Operating expenses

$12M+226.96% QoQ

Exploration $11M

SG&A $8M

Depreciation $178,000

Other expense

$2M

Tax benefit

$4M

Revenue$59M−20.01%

Gross profit

$20M−36.24%

33.90% margin

Operating income

$8M−81.32%

13.01% margin

Pre-tax income

$6M−82.56%

Net income

$10M−71.22%

16.22% margin

Cost of revenue

$39M−7.99%

Operating expenses

$12M+226.96%

Exploration $11M

SG&A $8M

Depreciation $178,000

Other expense

$2M

Tax benefit$4M

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

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

PPI ×1.59· ±4.4% vs ±2.8% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±4.4%4 of 11×1.59

NFPjobs report±3.8%8 of 10×1.36

FOMCrate decision±3.5%9 of 24×1.27

GDPgross domestic product±3.3%13 of 19×1.18

PCEpersonal income & outlays±3.2%10 of 19×1.15

CPROFcorporate profits±2.8%9 of 12×1.02

CPIconsumer prices±2.6%5 of 11×0.94

Bar = avg |move| to ±5% · tick = ±2.8% avg day · ×base = |move| ÷ ±2.8% · min 6 releases

Earnings history

EPS 0.14 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	0.14	—
Q1 FY26	—	0.47	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod