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

Implied ±5.1%, either direction.

NXSTNasdaqTelevision Broadcasting Stations

Nexstar Media Group, Inc. (NXST) earnings date, market-implied expected move, and options open interest by expiry

178.54

+1.00 · +0.57%

post 178.55 0.00%

After hours16:00 ETdelayed

Open177.50Volume433,031Mkt cap$5.5BP/E33.00EPS5.41Div yield4.19%

Day175.80 – 180.2761%52-wk152.95 – 249.0827%

NXST

Nexstar Media Group, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±5.1%implied · report alone

169.43187.69

straddle ±7.5%

spot 178.56exp Nov 20ATM strike 180ATM straddle 15.70IV 51%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−1.08%

vs ±7.4% implied · ×0.15

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+6.53%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

489 managers

Top fund weight

0.14%

NXST weight · MDY

N-PORTJun 30 '26

4 funds

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

Nexstar Media (NXST) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed±7.4%▼−1.08%×0.15

quarterimplied−10%0+10%realized×

Q2 FY26±7.4%▼−1.08%×0.15

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.33OI · 3 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

282+5%Nov 2017d846+8%

335+1%Dec 1845d0.38887−1%0.38

285+4%Feb 19108d1.30220+2%1.30

ExpiryPutsCallsP/C

Nov 2017d282+5%846+8%0.33

Dec 1845d335+1%887−1%0.38

Feb 19108d285+4%220+2%1.30

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

Positioning

Linked exposure

scenario · straddle±7.5%

Funds 4

MDY±0.0%

SCHD±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

5.67%as filednet margin · revenue +42.77% QoQ · +62.16% YoY

Revenue

$2.0B+42.77% QoQ

Gross profit

$2.0B+42.77% QoQ

100.00% margin

Operating income

$362M+36.60% QoQ

18.16% margin

Pre-tax income

$177M+15.69% QoQ

Net income

$113M−29.38% QoQ

5.67% margin

Operating expenses

$1.6B+44.21% QoQ

Other operating $929M

SG&A $457M

Depreciation $158M

Other operating $87M

Other expense

$185M

Tax

$64M+1014.29% QoQ

Revenue$2.0B+42.77%

Gross profit

$2.0B+42.77%

100.00% margin

Operating income

$362M+36.60%

18.16% margin

Pre-tax income

$177M+15.69%

Net income

$113M−29.38%

5.67% margin

Cost of revenue

Operating expenses

$1.6B+44.21%

Other operating $929M

SG&A $457M

Depreciation $158M

Other expense

$185M

Tax$64M+1014.29%

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

PPI ×1.73· ±2.7% vs ±1.6% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.7%8 of 10×1.73

GDPgross domestic product±2.3%8 of 19×1.44

CPROFcorporate profits±2.1%5 of 12×1.32

FOMCrate decision±1.7%13 of 24×1.11

PCEpersonal income & outlays±1.7%6 of 19×1.11

NFPjobs report±1.7%4 of 10×1.06

CPIconsumer prices±1.4%4 of 10×0.88

Bar = avg |move| to ±3% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 3.61 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	3.61	—
Q1 FY26	—	5.09	—
Q3 FY25	—	2.14	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod