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

Implied ±11.4%, either direction · provisional.

RSNYSEWholesale-Metals Service Centers & of fices

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

436.47

Closed17:55 ET

Open437.01Volume253,744Mkt cap$22.3BP/E20.19EPS21.62Div yield1.13%

Day432.52 – 441.8143%52-wk259.23 – 442.9496%

Reliance, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.4%implied · straddle

386.93486.89

spot 436.91exp Mar 19ATM strike 440ATM straddle 58.80IV 27%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 17

after close · in 109 days

est.Q4 FY26

Calendar

Next report

Last report

−0.75%

vs ±6.0% implied · ×0.12

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−2.84%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

686 managers

Top fund weight

0.52%

RS weight · MDY

N-PORTJun 30 '26

5 funds

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

Reliance (RS) is expected to report on Feb 17 after close (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 22 '26confirmed—▲+3.15%—

Q3 FY26Oct 21 '26confirmed±6.0%▼−0.75%×0.12

quarterimplied−10%0+10%realized×

Q3 FY26±6.0%▼−0.75%×0.12

Q2 FY26—▲+3.15%

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 20 close

0.11OI · 3 expiries · Oct 20 closeP/C open interest · Mar 19 · first expiry after the report

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

56+14%Nov 2020d0.6093+43%0.60

2150%Dec 1848d0.48444+16%0.48

report · Feb 17 · after close · est.

300%Mar 19139d2740%

ExpiryPutsCallsP/C

Nov 2020d56+14%93+43%0.60

Dec 1848d2150%444+16%0.48

report · Feb 17 · after close · est.

Mar 19139d300%

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

Positioning

Linked exposure

scenario · straddle±11.4%

Funds 4

MDY±0.1%

REVS±0.0%

VIG±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

7.74%as filednet margin · revenue +12.60% QoQ · +42.78% YoY

Revenue

$5.2B+12.60% QoQ

Gross profit

$1.5B+11.80% QoQ

27.89% margin

Operating income

$552M+25.02% QoQ

10.59% margin

Pre-tax income

$532M+23.76% QoQ

Net income

$403M+24.66% QoQ

7.74% margin

Cost of revenue

$3.8B+12.91% QoQ

Operating expenses

$902M+4.99% QoQ

SG&A $830M

Depreciation $70M

Other expense

$20M

Tax

$129M+21.00% QoQ

Revenue$5.2B+12.60%

Gross profit

$1.5B+11.80%

27.89% margin

Operating income

$552M+25.02%

10.59% margin

Pre-tax income

$532M+23.76%

Net income

$403M+24.66%

7.74% margin

Cost of revenue

$3.8B+12.91%

Operating expenses

$902M+4.99%

SG&A $830M

Depreciation $70M

Other expense

$20M

Tax$129M+21.00%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:45 ET

Intraday

Event sensitivity

CPI ×1.09· ±1.3% vs ±1.2% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.3%7 of 11×1.09

FOMCrate decision±1.2%12 of 25×1.07

PPIproducer prices±1.1%4 of 11×0.95

PCEpersonal income & outlays±1.1%10 of 20×0.94

NFPjobs report±1.0%7 of 10×0.84

GDPgross domestic product±1.0%8 of 20×0.82

CPROFcorporate profits±0.9%4 of 12×0.80

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 7.84 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 21 '26 · confirmed	7.84	—
Q2 FY26	Jul 22 '26 · confirmed	6.29	—
Q1 FY26	—	5.10	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod