VAL as of Nov 1 · 09:58 ET

VALNYSEDrilling Oil & Gas Wells

Valaris Ltd · Brief

Next report

3 days

Nov 4 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±3.7%implied · report alone

101.43109.19

straddle ±9.0%

spot 105.31exp Nov 20ATM strike 105ATM straddle 11.10IV 55%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

1 of 8≥ implied

avg implied: ±8.1%
avg realized: ±4.2%

Oct 30 '24±8.6%▲+3.71%×0.43

Feb 19 '25±5.5%▲+4.06%×0.74

Apr 30 '25±10.4%▲+10.03%×0.96

Jul 30 '25±8.2%▼−0.12%×0.01

Oct 29 '25±11.5%▲+2.20%×0.19

Feb 19 '26±5.0%▲+3.52%×0.71

Q1 FY26±7.0%▼−9.47%×1.34

Q2 FY26±8.3%▲+0.31%×0.04

quarterimplied−15%0+15%realized×

Q2 FY26±8.3%▲+0.31%×0.04

Q1 FY26±7.0%▼−9.47%×1.34

Feb '26±5.0%▲+3.52%×0.71

Oct '25±11.5%▲+2.20%×0.19

Jul '25±8.2%▼−0.12%×0.01

Apr '25±10.4%▲+10.03%×0.96

2 older reports

Feb '25±5.5%▲+4.06%×0.74

Oct '24±8.6%▲+3.71%×0.43

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

Bull & bear

Nov 4 report · est.

Bull2

5disclosed supplier and customer ties in SEC filingsSEC filings

5tracked funds holding VALN-PORT · Aug 31 '26

Bear2 of 3

7 of 8recent reports where the move came in under the options implied rangeEarnings history

9 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

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

Linked exposure

VAL report session

Customers 2

BPBP×0.26 PBRPetróleo Brasileiro S.A×0.25

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 28impliedImplied move: ±9.2% into Nov 4 earnings (Oct 28 close).Source

Oct 14impliedImplied move: ±10.6% into Oct 28 earnings (Oct 14 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.