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

Implied ±3.4%, either direction.

RYNNYSEReal Estate Investment Trusts

Rayonier Inc (RYN) earnings date, market-implied expected move, and options open interest by expiry

19.36

+0.22 · +1.17%

post 19.37 0.00%

Closed16:00 ET

Open19.19Volume3.0MMkt cap$5.8BP/E76.08Div yield5.43%

Day19.19 – 19.5056%52-wk17.71 – 23.9027%

RYN

Rayonier Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.4%implied · report alone

18.7320.03

straddle ±5.8%

spot 19.38exp Nov 20ATM strike 20ATM straddle 1.33IV 32%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

−2.68%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.46%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

457 managers

Top fund weight

0.31%

RYN weight · VNQ

N-PORTJul 31 '26

5 funds

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

Rayonier (RYN) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▼−2.68%—

quarterimplied−5%0+5%realized×

Q2 FY26—▼−2.68%—

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.23OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

1,769+1%

Positioning

Linked exposure

scenario · straddle±5.8%

Funds 4

VNQ±0.0%

MDY±0.0%

REVS±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

4.85%as filednet margin · revenue +43.24% QoQ · +272.15% YoY

Revenue

$396M+43.24% QoQ

Gross profit

$76M+62.89% QoQ

19.08% margin

Operating income

$35M+175.82% QoQ

8.73% margin

Pre-tax income

$22M+142.49% QoQ

Net income

$19M+253.77% QoQ

4.85% margin

Cost of revenue

$321M+39.28% QoQ

Operating expenses

$41M−55.43% QoQ

SG&A $31M

Other operating $10M

Other expense

$13M

Tax

$3M+107.17% QoQ

Revenue$396M+43.24%

Gross profit

$76M+62.89%

19.08% margin

Operating income

$35M+175.82%

8.73% margin

Pre-tax income

$22M+142.49%

Net income

$19M+253.77%

4.85% margin

Cost of revenue

$321M+39.28%

Operating expenses

$41M−55.43%

SG&A $31M

Other operating $10M

Other expense

$13M

Tax$3M+107.17%

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

FOMC ×1.23· ±1.4% vs ±1.1% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.4%11 of 24×1.23

CPIconsumer prices±1.3%4 of 11×1.16

CPROFcorporate profits±1.3%7 of 12×1.14

GDPgross domestic product±1.2%10 of 19×1.07

PPIproducer prices±1.2%6 of 11×1.06

NFPjobs report±1.1%5 of 10×0.98

PCEpersonal income & outlays±1.1%7 of 19×0.95

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.06 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.06	—
Q1 FY26	—	-0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod