What move does the options market price into Marriott Vacations Worldwide's report?

Implied ±5.5%, either direction.

How often does Marriott Vacations Worldwide move more than the options market prices?

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

VACNYSEReal Estate Agents & Managers (For Others)

Marriott Vacations Worldwide Corp (VAC) earnings date, market-implied expected move, and options open interest by expiry

114.92

−0.83 · −0.72%

post 114.92 0.00%

Closed16:00 ET

Open116.21Volume370,687Mkt cap$4.0BEPS-9.57Div yield2.77%

Day114.50 – 116.2124%52-wk42.68 – 130.3082%

VAC

Marriott Vacations Worldwide Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±5.5%implied · report alone

8Q avg ±13.2%·×0.42·cheap

109.13121.85

straddle ±9.0%

spot 115.49exp Nov 20ATM strike 115ATM straddle 12.20IV 55%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

+22.62%

vs ±8.9% implied · ×2.55

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

2dH · supplierHyatt posts net income of $58 million for quarter, $206 million for nine months
22dMAR · supplierMarriott International Announces Release Date For Third Quarter 2026 Earnings

News

Largest filed tie

13F top-10 QoQ

−1.31%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

373 managers

Top fund weight

0.09%

VAC weight · IWM

N-PORTJun 30 '26

4 funds

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

Marriott Vacations Worldwide (VAC) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

6 of 8≥ implied

avg implied: ±8.0%
avg realized: ±13.2%

Nov 6 '24Nov 6 '24confirmed±6.9%▲+13.20%×1.90

Feb 26 '25Feb 26 '25confirmed±8.1%▼−9.26%×1.14

May 7 '25May 7 '25confirmed±6.5%▲+10.52%×1.62

Aug 4 '25Aug 4 '25confirmed±7.8%▼−1.84%×0.24

Q3 FY25Nov 5 '25confirmed±7.7%▼−26.40%×3.45

Q1 FY26Feb 25 '26confirmed±9.9%▲+16.66%×1.68

May 5 '26May 5 '26confirmed±8.4%▲+5.00%×0.59

Q2 FY26Aug 6 '26confirmed±8.9%▲+22.62%×2.55

quarterimplied−30%0+30%realized×

Q2 FY26±8.9%▲+22.62%×2.55

May '26±8.4%

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

0.57OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

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

8740%Nov 2020d1,5460%

1,9000%Dec 1848d1.111,7160%1.11

470%Jan 1576d0.12400+7%0.12

140%Apr 16167d0.23620%0.23

ExpiryPutsCallsP/C

Nov 2020d8740%1,5460%0.57

Dec 1848d1,9000%1,7160%1.11

Jan 1576d470%400+7%0.12

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

Positioning

Linked exposure

scenario · straddle±9.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 2

H±3.1%×0.35

MAR±2.6%×0.28

Dashed = straddle · × = co-movement · max 499dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.83%as filednet margin · revenue +5.01% QoQ · +5.94% YoY

Revenue

$1.3B+5.01% QoQ

Gross profit

$1.0B+6.83% QoQ

76.97% margin

Operating income

$161M+82.95% QoQ

12.20% margin

Pre-tax income

$114M+153.33% QoQ

Net income

$77M+250.00% QoQ

5.83% margin

Cost of revenue

$304M−0.65% QoQ

Operating expenses

$855M−0.93% QoQ

Other operating $481M

Marketing $281M

SG&A $62M

Other operating $31M

Other expense

$47M

Tax

$37M+60.87% QoQ

Revenue$1.3B+5.01%

Gross profit

$1.0B+6.83%

76.97% margin

Operating income

$161M+82.95%

12.20% margin

Pre-tax income

$114M+153.33%

Net income

$77M+250.00%

5.83% margin

Cost of revenue

$304M−0.65%

Operating expenses

$855M−0.93%

Other operating $481M

Marketing $281M

SG&A $62M

Other expense

$47M

Tax$37M+60.87%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.19· ±2.5% vs ±2.1% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.5%10 of 24×1.19

GDPgross domestic product±2.2%9 of 19×1.02

PPIproducer prices±2.1%6 of 10×0.99

NFPjobs report±2.0%5 of 10×0.96

PCEpersonal income & outlays±2.0%6 of 19×0.96

CPIconsumer prices±2.0%4 of 10×0.92

CPROFcorporate profits±1.3%7 of 12×0.61

Bar = avg |move| to ±3% · tick = ±2.1% avg day · ×base = |move| ÷ ±2.1% · min 6 releases

Earnings history

EPS 2.12 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	2.12	—
Q1 FY26	Feb 25 '26 · confirmed	0.64	—
Q3 FY25	Nov 5 '25 · confirmed	-0.07	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod