TDAY as of Nov 3 · 13:06 ET

TDAYNYSENewspapers: Publishing or Publishing & Printing

USA TODAY Co., Inc. · Brief

Next report

2 days

Nov 5 · before openest.Q3 FY26

Earnings

Expected move

Inputs

±13.1%implied · report alone

5.156.69

straddle ±14.4%

spot 5.92exp Nov 20ATM strike 6ATM straddle 1.00IV 94%

Nov 2 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

—≥ implied

Oct 31 '24—▼−19.28%—

Feb 20 '25—▼−3.75%—

May 1 '25—▼−3.44%—

Jul 31 '25—▲+4.38%—

Q3 FY25—▲+27.74%—

Feb 26 '26±14.3%▲+4.58%×0.32

Q1 FY26±12.2%▼−0.69%×0.06

Q2 FY26±8.6%▼−7.62%×0.89

quarterimplied−30%0+30%realized×

Q2 FY26±8.6%▼−7.62%×0.89

Q1 FY26±12.2%▼−0.69%×0.06

Feb '26±14.3%▲+4.58%×0.32

Q3 FY25—▲+27.74%—

Jul '25—▲+4.38%—

May '25—▼−3.44%—

2 older reports

Feb '25—▼−3.75%—

Oct '24—▼−19.28%—

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

Bull & bear

Nov 5 report · est.

Bull2 of 3

4disclosed supplier and customer ties in SEC filings across recent company filingsSEC filings

23managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

Bear2 of 3

3tracked funds holding TDAYN-PORT · Aug 31 '26

3 of 3recent reports where the move came in under the options-implied rangeEarnings history

AI captions · Sep 16 '26once per report · top 2 per case

Linked exposure

TDAY report session

Suppliers 1

GOOGLGoogle×0.16

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 30impliedImplied move: ±12.7% into Nov 5 earnings (Oct 30 close).Source

Oct 15impliedImplied move: ±12.7% into Oct 29 earnings (Oct 15 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.