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

Implied ±13.5%, either direction.

TDAYNYSENewspapers: Publishing or Publishing & Printing

USA TODAY Co., Inc. (TDAY) earnings date, market-implied expected move, and options open interest by expiry

6.08

+0.36 · +6.21%

post 6.08 0.00%

After hours16:00 ETdelayed

Open6.08Volume3.0MMkt cap$839.8MEPS-0.28

Day6.00 – 6.1745%52-wk4.33 – 9.2136%

TDAY

USA TODAY Co., Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.5%implied · report alone

8Q avg ±8.9%·×1.51·rich

4.956.49

straddle ±14.9%

spot 5.72exp Nov 20ATM strike 6ATM straddle 1.00IV 97%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

−7.62%

vs ±8.6% implied · ×0.89

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

1hMSFT · supplierMicrosoft and Amazon combine for a $400 billion market-cap boost — and these factors show why
3hGOOGL · supplierWatch out for Big Tech companies like Meta and Alphabet issuing more shares and diluting your stock ownership
1dMETA · supplierMeta seeks to raise up to $25 billion in debt sale as AI spending jumps

News

Largest filed tie

13F top-10 QoQ

−1.27%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

222 managers

Top fund weight

0.04%

TDAY weight · IWM

N-PORTJun 30 '26

3 funds

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

USA TODAY (TDAY) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

8 reports

—≥ implied

Oct 31 '24Oct 31 '24confirmed—▼−19.28%—

Feb 20 '25Feb 20 '25confirmed—▼−3.75%—

May 1 '25May 1 '25confirmed—▼−3.44%—

Jul 31 '25Jul 31 '25confirmed—▲+4.38%—

Q3 FY25Oct 30 '25confirmed—▲+27.74%—

Feb 26 '26Feb 26 '26confirmed±14.3%▲+4.58%×0.32

Q1 FY26Apr 30 '26confirmed±12.2%▼−0.69%×0.06

Q2 FY26Aug 6 '26confirmed±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

Implied vs realized

Positioning

OI · 4 expiries · Oct 29 close

0.86OI · 4 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

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

7510%Nov 2016d869+13%

6080%Dec 1844d0.242,5030%0.24

960%Jan 1572d0.026,0510%0.02

30%Apr 16163d0.0014,468−1%0.00

ExpiryPutsCallsP/C

Nov 2016d7510%869+13%0.86

Dec 1844d6080%2,5030%0.24

Jan 1572d960%6,0510%0.02

Apr 16163d30%14,468−1%0.00

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

Positioning

Linked exposure

scenario · straddle±14.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

GOOGL±2.4%×0.16

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

1.70%as filednet margin · revenue −2.21% QoQ · −8.30% YoY

Revenue

$536M−2.21% QoQ

Gross profit

$208M−5.83% QoQ

38.80% margin

Operating income

$20M−55.49% QoQ

3.71% margin

Pre-tax income

$14M−52.85% QoQ

Net income

$9M−54.04% QoQ

1.70% margin

Cost of revenue

$328M+0.23% QoQ

Operating expenses

$188M+6.76% QoQ

SG&A $154M

Depreciation $31M

Other operating $3M

Other expense

$6M

Tax

$5M−50.65% QoQ

Revenue$536M−2.21%

Gross profit

$208M−5.83%

38.80% margin

Operating income

$20M−55.49%

3.71% margin

Pre-tax income

$14M−52.85%

Net income

$9M−54.04%

1.70% margin

Cost of revenue

$328M+0.23%

Operating expenses

$188M+6.76%

SG&A $154M

Depreciation $31M

Other operating $3M

Other expense

$6M

Tax$5M−50.65%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.11· ±2.8% vs ±2.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.8%13 of 24×1.11

PCEpersonal income & outlays±2.3%8 of 19×0.92

NFPjobs report±2.2%2 of 10×0.89

PPIproducer prices±2.0%4 of 10×0.77

GDPgross domestic product±1.4%6 of 19×0.56

CPROFcorporate profits±1.3%3 of 12×0.49

CPIconsumer prices±1.2%6 of 10×0.46

Bar = avg |move| to ±3% · tick = ±2.5% avg day · ×base = |move| ÷ ±2.5% · min 6 releases

Earnings history

EPS 0.06 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.06	—
Q1 FY26	Apr 30 '26 · confirmed	0.12	—
Q3 FY25	Oct 30 '25 · confirmed	-0.27	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod