What move does the options market price into Telephone & Data Systems's report?

Implied ±6.1%, either direction.

How often does Telephone & Data Systems move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

TDSNYSETelephone Communications (No Radiotelephone)

Telephone & Data Systems Inc (TDS) earnings date, market-implied expected move, and options open interest by expiry

35.75

Closed15:59 ET

Open36.10Volume1.2MMkt cap$4.2BP/E11.72EPS3.05Div yield0.44%

Day35.68 – 36.3310%52-wk30.71 – 49.0228%

TDS

Telephone & Data Systems Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.1%implied · report alone

8Q avg ±4.3%·×1.42·rich

33.4637.78

straddle ±8.6%

spot 35.62exp Nov 20ATM strike 36ATM straddle 3.60IV 58%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−8.39%

vs ±7.9% implied · ×1.06

shaded = implied · ▲▼ = realized

Aug 7 '26 · confirmed

Implied vs realized

Linked news

5dVZ · customerVerizon posts Q3 net income $5,320 million, diluted EPS $1.25; revenue $34,313 million
6dTMUS · customerT-Mobile US posts Q3 net income $3,455 million, revenue $23,584 million
11dT · customerStocks making the biggest moves premarket: AT&T, SpaceX, Moderna, Deckers, Bloom Energy and more

News

Largest filed tie

13F top-10 QoQ

+5.48%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

350 managers

Top fund weight

0.11%

TDS weight · IWM

N-PORTJun 30 '26

4 funds

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

Telephone & Data Systems (TDS) is expected to report on Nov 6 before open (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±8.4%
avg realized: ±4.3%

Nov 1 '24Nov 1 '24confirmed±10.5%▼−7.63%×0.73

Feb 21 '25Feb 21 '25confirmed±5.3%▼−4.24%×0.79

May 2 '25May 2 '25confirmed±12.8%▼−8.85%×0.69

Aug 11 '25Aug 11 '25confirmed±7.9%▼−0.15%×0.02

Q3 FY25Nov 7 '25confirmed±7.6%▼−2.08%×0.27

Feb 20 '26Feb 20 '26confirmed±8.1%▼−0.55%×0.07

Q1 FY26May 8 '26confirmed±7.0%▲+2.13%×0.30

Q2 FY26Aug 7 '26confirmed±7.9%▼−8.39%×1.06

quarterimplied−15%0+15%realized×

Q2 FY26±7.9%▼−8.39%×1.06

Q1 FY26±7.0%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

0.97OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

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

15,1340%Nov 2016d15,6770%

102−1%Dec 1844d0.081,216−2%0.08

2700%Jan 1572d0.151,8030%0.15

1350%Feb 19107d0.334050%0.33

ExpiryPutsCallsP/C

Nov 2016d15,1340%15,6770%0.97

Dec 1844d102−1%1,216−2%0.08

Jan 1572d2700%1,8030%0.15

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

Positioning

Linked exposure

scenario · straddle±8.6%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

118.45%as filednet margin · revenue −0.05% QoQ · +3.60% YoY

Revenue

$309M−0.05% QoQ

Gross profit

$180M−2.71% QoQ

58.19% margin

Operating income

$373M+159.50% QoQ

120.67% margin

Pre-tax income

$448M+91.46% QoQ

Net income

$366M+106.94% QoQ

118.45% margin

Cost of revenue

$129M+3.89% QoQ

Tax

$106M+95.58% QoQ

Other income

$74M−17.25% QoQ

Revenue$309M−0.05%

Gross profit

$180M−2.71%

58.19% margin

Operating income

$373M+159.50%

120.67% margin

Pre-tax income

$448M+91.46%

Net income

$366M+106.94%

118.45% margin

Cost of revenue

$129M+3.89%

Other income$74M−17.25%

Tax$106M+95.58%

flow · deduction · inflow · 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 · 15:45 ET

Intraday

Event sensitivity

NFP ×1.03· ±1.8% vs ±1.8% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.8%6 of 10×1.03

PPIproducer prices±1.7%6 of 10×0.95

CPIconsumer prices±1.2%7 of 10×0.66

FOMCrate decision±1.2%13 of 24×0.64

PCEpersonal income & outlays±1.0%6 of 19×0.55

GDPgross domestic product±0.9%7 of 19×0.51

CPROFcorporate profits±0.9%4 of 12×0.50

Bar = avg |move| to ±2% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 2.42 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 7 '26 · confirmed	2.42	—
Q1 FY26	May 8 '26 · confirmed	1.09	—
Q3 FY25	Nov 7 '25 · confirmed	-0.84	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod