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

Implied ±9.6%, either direction.

TREXNYSELumber & Wood Products (No Furniture)

Trex Co Inc (TREX) earnings date, market-implied expected move, and options open interest by expiry

50.71

+0.17 · +0.34%

Regular session14:37 ET

Open50.00Volume2.7MMkt cap$5.1BP/E30.01EPS1.69

Day50.00 – 51.1065%52-wk29.77 – 52.3893%

TREX

Trex Co Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.6%implied · straddle

45.6755.41

spot 50.54exp Nov 20ATM strike 50ATM straddle 5.73IV 64%

Nov 2 close

Expected move

Inputs

Next report

Today

after close

est.Q3 FY26

Calendar

Next report

Last report

+4.89%

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Linked news

6hHD · customerThe Home Depot to Host Third Quarter Earnings Conference Call on November 17
22hBCC · customerBoise Cascade Q3 net income $36,390 thousand, diluted EPS $1.04
40dLOW · customerLowe's is launching a drone delivery service in partnership with DoorDash, Alphabet

News

Largest filed tie

13F top-10 QoQ

+11.95%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

467 managers

Top fund weight

0.14%

TREX weight · MDY

N-PORTJun 30 '26

3 funds

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

Trex (TREX) is expected to report on Nov 3 after close (estimated date).

Implied vs realized

8 reports

—≥ implied

Oct 28 '24Oct 28 '24confirmed—▲+6.19%—

Feb 24 '25Feb 24 '25confirmed—▲+1.18%—

May 8 '25May 8 '25confirmed—▼−0.93%—

Aug 4 '25Aug 4 '25confirmed—▲+2.27%—

Q3 FY25Nov 4 '25confirmed—▼−31.06%—

Q1 FY26Feb 24 '26confirmed—▲+0.60%—

May 7 '26May 7 '26confirmed—▼−1.80%—

Q2 FY26Aug 4 '26confirmed—▲+4.89%—

quarterimplied−35%0+35%realized×

Q2 FY26—▲+4.89%—

May '26—▼−1.80%

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

Implied vs realized

Positioning

OI · 4 expiries · Nov 2 close

0.75OI · 4 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

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

2970%Nov 2017d3950%

1,2660%Dec 1845d0.592,1350%0.59

104+1%Jan 1573d0.313360%0.31

500%Apr 16164d0.8559+5%0.85

ExpiryPutsCallsP/C

Nov 2017d2970%3950%0.75

Dec 1845d1,2660%2,1350%0.59

Jan 1573d104+1%3360%0.31

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

Positioning

Linked exposure

scenario · straddle±9.6%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

Customers 3

BCC±4.9%×0.51

LOW±3.1%×0.32

HD±3.1%×0.32

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

Linked exposure

Revenue flow

as filedQ2 FY26

14.80%as filednet margin · revenue +21.73% QoQ · +7.79% YoY

Revenue

$418M+21.73% QoQ

Gross profit

$158M+13.90% QoQ

37.88% margin

Operating income

$86M+3.22% QoQ

20.62% margin

Pre-tax income

$84M+0.43% QoQ

Net income

$62M+0.77% QoQ

14.80% margin

Cost of revenue

$260M+27.05% QoQ

Operating expenses

$72M+29.96% QoQ

Other expense

$2M

Tax

$22M−0.51% QoQ

Revenue$418M+21.73%

Gross profit

$158M+13.90%

37.88% margin

Operating income

$86M+3.22%

20.62% margin

Pre-tax income

$84M+0.43%

Net income

$62M+0.77%

14.80% margin

Cost of revenue

$260M+27.05%

Operating expenses

$72M+29.96%

Other expense

$2M

Tax$22M−0.51%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 14:30 ET

Intraday

Event sensitivity

FOMC ×1.38· ±2.7% vs ±1.9% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.7%10 of 24×1.38

PPIproducer prices±2.6%4 of 10×1.36

NFPjobs report±2.3%6 of 10×1.19

CPIconsumer prices±1.9%5 of 10×0.97

CPROFcorporate profits±1.8%4 of 12×0.95

PCEpersonal income & outlays±1.6%10 of 19×0.85

GDPgross domestic product±1.5%8 of 19×0.76

Bar = avg |move| to ±3% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 0.60 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	0.60	—
Q1 FY26	Feb 24 '26 · confirmed	0.58	—
Q3 FY25	Nov 4 '25 · confirmed	0.48	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod