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

Implied ±12.5%, either direction · provisional.

WENNasdaqRetail-Eating & Drinking Places

Wendy's Co (WEN) earnings date, market-implied expected move, and options open interest by expiry

7.63

pre 7.76 +1.44%

Pre-market08:35 ETdelayed

Open7.60Volume9.1MMkt cap$1.5BP/E11.94EPS0.65Div yield6.41%

Day7.54 – 7.76100%52-wk5.94 – 9.5151%

WEN

Wendy's Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±12.5%implied · straddle

6.698.61

spot 7.65exp Feb 19ATM strike 8ATM straddle 1.13IV 32%

Nov 4 closeprovisional

Expected move

Inputs

News

Next report

Last report

Nov 5

before open

confirmedNov 4 close

Implied vs realized

Linked news

1dGPK · supplierGraphic Packaging hit by securities class action and three derivative suits
6dNBIS · supplierPress release Nebius Group announces date of third quarter 2026 results and conference call
30dCAG · customerConagra Brands Showcases Dynamic Portfolio of Snacks at the 2026 NACS Show

News

Largest filed tie

13F top-10 QoQ

+24.84%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

410 managers

Top fund weight

0.04%

WEN weight · IWM

N-PORTJun 30 '26

5 funds

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

Wendy's (WEN) is expected to report on Feb 12 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 7 '26confirmed±7.8%▲+4.06%×0.52

quarterimplied−10%0+10%realized×

Q2 FY26±7.8%▲+4.06%×0.52

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

Implied vs realized

Positioning

OI · 8 expiries · Nov 3 close

0.52OI · 8 expiries · Nov 3 closeP/C open interest · Feb 19 · first expiry after the report

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

5 nearer expiries

2,896+39%Nov 61d0.535,448+13%0.53

1,121+5%Nov 138d0.502,227+4%0.50

19,8000%Nov 2015d0.2870,560+1%0.28

2,022+3%Nov 2722d1.091,863+5%1.09

212+7%Dec 429d0.82258+3%0.82

1,140+2%Dec 1843d0.333,424+4%0.33

19,189−1%Jan 1571d0.2096,4300%0.20

report · Feb 12 · before open · est.

3,4240%Feb 19106d6,5400%

ExpiryPutsCallsP/C

5 nearer expiries

Nov 61d2,896+39%5,448+13%0.53

Nov 138d1,121+5%2,227+4%0.50

Nov 2015d19,8000%70,560+1%0.28

Nov 2722d2,022+3%1,863+5%1.09

Dec 429d212+7%258+3%0.82

Dec 1843d1,140+2%3,424+4%0.33

Jan 1571d19,189−1%96,4300%0.20

report · Feb 12 · before open · est.

Feb 19106d3,4240%6,5400%0.52

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

Positioning

Linked exposure

scenario · straddle±12.5%

Funds 4

IWM±0.0%

SCHD±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.72%as filednet margin · revenue +5.54% QoQ · +1.72% YoY

Revenue

$571M+5.54% QoQ

Gross profit

$313M+8.79% QoQ

54.80% margin

Operating income

$79M+22.12% QoQ

13.90% margin

Pre-tax income

$49M+42.15% QoQ

Net income

$33M+43.61% QoQ

5.72% margin

Cost of revenue

$258M+1.84% QoQ

Operating expenses

$233M+4.90% QoQ

Marketing $128M

SG&A $66M

Depreciation $38M

Other operating $1M

Other expense

$31M

Tax

$16M+39.27% QoQ

Revenue$571M+5.54%

Gross profit

$313M+8.79%

54.80% margin

Operating income

$79M+22.12%

13.90% margin

Pre-tax income

$49M+42.15%

Net income

$33M+43.61%

5.72% margin

Cost of revenue

$258M+1.84%

Operating expenses

$233M+4.90%

Marketing $128M

SG&A $66M

Depreciation $38M

Other expense

$31M

Tax$16M+39.27%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 28 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 08:30 ET

Intraday

Event sensitivity

CPI ×2.64· ±4.6% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±4.6%5 of 10×2.64

NFPjobs report±2.5%7 of 10×1.45

PCEpersonal income & outlays±1.8%6 of 19×1.05

GDPgross domestic product±1.6%7 of 19×0.90

CPROFcorporate profits±1.5%5 of 12×0.85

FOMCrate decision±1.4%7 of 24×0.81

PPIproducer prices±1.3%6 of 10×0.75

Bar = avg |move| to ±5% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.17 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 7 '26 · confirmed	0.17	—
Q1 FY26	—	0.12	—
Q3 FY25	—	0.23	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod