SO

SOUTHERN CO

93.25^post+$0.00 (+0.00%)at close +$0.00 (+0.00%)

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as of 09:03:03 UTCnext report Nov 5 · 92d

Earnings Room‹ back to SO

The report

fiscal Q3 2026 · from the company's notice

Nov 5before open92days out

Expected movement

market-implied · at the Aug 4 close

±7.5%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 108days, 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 Nov 20 · first after the reportATM strike 92.5straddle 8.25ATM IV 20%× 0.85 straddle-to-rangespot 93.25

Blast radius

6 linked · N-PORT + EDGAR

If SO moves ±7.5% 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 ETF7.5% of the fund0.6%VTVfundVanguard Value Index Fund0.44% of the fund0.03%RSPfundInvesco S&P 500 Equal Weight ETF0.19% of the fund0.01%VOOfundVanguard 500 Index Fund0.19% of the fund0.01%SPYfundSPDR S&P 500 ETF Trust0.19% of the fund0.01%IVVfundiShares Core S&P 500 ETF0.19% of the fund0.01%

Positioning

9 expiries · as of the Jul 30 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

▲ +15%

921

Jul 31

6.5k

▲ +0%

▲ +8%

153

Aug 7

1.9k

▲ +1%

▲ +0%

8.0k

Aug 21

22d

10.0k

▼ −0%

▲ +21%

Aug 28

29d

282

▲ +2%

first

Sep 4

37d · Jul 29

first

Sep 11

43d

first

▲ +1%

12.6k

Sep 18

50d

16.1k

▲ +1%

▲ +0%

4.3k

Dec 18

141d

2.5k

▲ +0%

8.9k

Jan 15

169d

10.2k

▲ +0%

The record

expected in pale · actual in full color

3/8reports moved further than the options market had pricedtypically ±1.9% realized vs ±2.2% priced

Q2 FY26±1.9%→−1.8%×0.95

Apr 30 '26±1.6%→+3.4%×2.18

Feb 19 '26±2.1%→+4.4%×2.07

Oct 30 '25±1.8%→+1.7%×0.91

Jul 31 '25±4.3%→−0.4%×0.10

May 1 '25±1.9%→−0.5%×0.24

Feb 20 '25±1.9%→+1.6%×0.82

Oct 31 '24±1.8%→+1.9%×1.04

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

2-quarter memory

Q2 FY26 · reported 1.03 · rev $7.0B

record note

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