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

Implied ±56.9%, either direction.

How often does Cartesian Therapeutics move more than the options market prices?

1 of the last 6 reports moved at least as far as the implied move.

RNACNasdaqPharmaceutical Preparations

Cartesian Therapeutics, Inc. (RNAC) earnings date, market-implied expected move, and options open interest by expiry

6.84

Pre-market15:59 ETdelayed

Open6.76Volume97,715Mkt cap$193.9MEPS-5.13

Day6.60 – 6.84100%52-wk5.60 – 11.0023%

RNAC

Cartesian Therapeutics, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±56.9%implied · straddle

3.2611.84

spot 7.55exp Nov 20ATM strike 7.5ATM straddle 5.05IV 446%

Oct 23 closethin chain

Expected move

Inputs

Next report

Today

before open

est.Q3 FY26

Calendar

Next report

Last report

+4.91%

vs ±16.9% implied · ×0.29

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

6dBIIB · supplierBiogen to Present New Data Across Alzheimer's Disease Portfolio at CTAD 2026

News

Largest filed tie

13F top-10 QoQ

+15.66%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

95 managers

Top fund weight

0.00%

RNAC weight · IWM

N-PORTJun 30 '26

3 funds

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

Cartesian Therapeutics (RNAC) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

8 reports

1 of 6≥ implied

avg implied: ±34.3%
avg realized: ±8.5%

Nov 7 '24Nov 7 '24confirmed—▼−0.38%—

Mar 13 '25Mar 13 '25confirmed—▼−4.98%—

May 8 '25May 8 '25confirmed±29.1%▲+2.66%×0.09

Aug 7 '25Aug 7 '25confirmed±35.5%▼−6.56%×0.18

Nov 6 '25Nov 6 '25confirmed±40.4%▼−1.56%×0.04

Q1 FY26Mar 9 '26confirmed±31.0%▲+31.68%×1.02

Apr 30 '26Apr 30 '26confirmed±52.8%▼−3.86%×0.07

Q2 FY26Aug 6 '26confirmed±16.9%▲+4.91%×0.29

quarterimplied−55%0+55%realized×

Q2 FY26±16.9%▲+4.91%×0.29

Apr '26±52.8%▼−3.86%×0.07

Q1 FY26±31.0%▲+31.68%×1.02

Nov '25±40.4%▼−1.56%×0.04

Aug '25±35.5%▼−6.56%×0.18

May '25±29.1%▲+2.66%×0.09

2 older reports

Mar '25—▼−4.98%—

Nov '24—▼−0.38%—

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 26 close

0.53OI · 2 expiries · Oct 26 closeP/C open interest · Nov 20 · first expiry after the report

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

2840%Nov 2015d535−27%

1870%Feb 19106d0.28672+43%0.28

ExpiryPutsCallsP/C

Nov 2015d2840%535−27%0.53

Feb 19106d1870%672+43%0.28

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

Positioning

Linked exposure

scenario · straddle±56.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ1 FY26

−50233.33%as filednet margin · revenue −91.76% QoQ · −92.91% YoY

Revenue$78,000−91.76%

Gross profit$78,000100.00%−91.76%

Operating income−$26M−33973.08%+66.30%

Pre-tax income−$39M+61.50%

Net income−$39M−50233.33%+57.68%

Cost of revenue$0—

Operating expenses$27M−66.61%

Other expense−$13M+45.19%

Source: SEC filings · standardized · QE Mar 31 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 23 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

PPI ×0.97· ±4.2% vs ±4.3% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±4.2%4 of 10×0.97

CPROFcorporate profits±4.0%4 of 12×0.94

GDPgross domestic product±3.9%7 of 19×0.89

FOMCrate decision±3.7%7 of 24×0.85

NFPjobs report±3.6%6 of 10×0.83

PCEpersonal income & outlays±3.0%6 of 19×0.69

CPIconsumer prices±2.9%5 of 10×0.68

Bar = avg |move| to ±5% · tick = ±4.3% avg day · ×base = |move| ÷ ±4.3% · min 6 releases

Earnings history

EPS 0.46 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.46	—
Q1 FY26	Mar 9 '26 · confirmed	-1.46	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod