NRG

NRG ENERGY, INC.

117.41^post+$0.37 (+0.32%)at close −$21.43 (−15.48%)

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as of 23:47:26 UTCnext report Nov 6 · 93d

Earnings Room‹ back to NRG

The report

reported · awaiting the session that absorbs it

Aug 4before the opennext Nov 6

Reported yesterday, before the openThe market priced ±6.7% into it; the session that absorbs it hasn't closed yet

The reaction

Loading the session…

Expected movement · next report

market-implied · at the Aug 4 close

±20.7%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 136days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Dec 18 · first after the reportATM strike 115straddle 28.55ATM IV 51%× 0.85 straddle-to-rangespot 117.41

Blast radius

6 linked · N-PORT + EDGAR

If NRG moves ±20.7% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.

XLUfundState Street Utilities Select Sector SPDR ETF2.2% of the fund0.5%RSPfundInvesco S&P 500 Equal Weight ETF0.20% of the fund0.04%SPYfundSPDR S&P 500 ETF Trust0.06% of the fund0.01%VOOfundVanguard 500 Index Fund0.06% of the fund0.01%IVVfundiShares Core S&P 500 ETF0.06% of the fund0.01%VTIfundVanguard Total Stock Market Index Fund0.05% of the fund0.01%

Positioning

10 expiries · as of the Aug 3 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

first

1.3k

Jul 31

1d · Jul 30

3.8k

first

▲ +1%

2.4k

Aug 7

16.4k

▲ +48%

first

326

Aug 14

11d

567

first

▲ +1%

2.7k

Aug 21

18d

22.4k

▼ −16%

▲ +21%

Aug 28

25d

▲ +20%

first

Sep 4

36d · Jul 30

first

Sep 11

39d

first

3.7k

Sep 18

46d

25.3k

first

▲ +2%

9.0k

Dec 18

137d

24.9k

▲ +0%

13.0k

Jan 15

165d

3.8k

▼ −2%

The record

expected in pale · actual in full color

4/8reports moved further than the options market had pricedtypically ±8.7% realized vs ±6.7% priced

May 6 '26±5.7%→−4.3%×0.76

Feb 24 '26±6.9%→+4.3%×0.61

Nov 6 '25±6.8%→−1.8%×0.26

Aug 6 '25±6.2%→−13.6%×2.20

May 12 '25±4.7%→+26.2%×5.53

Feb 26 '25±9.2%→+10.6%×1.16

Nov 8 '24±7.0%→−0.3%×0.04

Aug 8 '24±7.0%→+8.2%×1.16

pale = implied the day beforeink = the next day's close× = realized ÷ implied

2-quarter memory

Q2 FY26 · reported 2.31 · rev $7.5B

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.