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

Implied ±15.4%, either direction · provisional.

How often does Cactus move more than the options market prices?

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

WHDNYSEOil & Gas Field Machinery & Equipment

Cactus, Inc. (WHD) earnings date, market-implied expected move, and options open interest by expiry

65.76

+0.27 · +0.41%

post 65.76 0.00%

Closed16:00 ET

Open64.30Volume753,917Mkt cap$5.3BP/E45.04EPS1.46Div yield0.87%

Day64.30 – 65.76100%52-wk38.75 – 73.9177%

WHD

Cactus, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±15.4%implied · straddle

55.5875.82

spot 65.70exp Mar 19ATM strike 65ATM straddle 11.90IV 37%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 115 days

est.Q4 FY26

Calendar

Next report

Last report

+1.79%

vs ±10.2% implied · ×0.18

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmed

Implied vs realized

Linked news

3dBKR · supplierBaker Hughes posts third-quarter net income $411 million, revenue $8,025 million

News

Largest filed tie

13F top-10 QoQ

−0.12%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

342 managers

Top fund weight

0.11%

WHD weight · IWM

N-PORTJun 30 '26

4 funds

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

Cactus (WHD) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±8.0%
avg realized: ±7.5%

Feb 26 '25Feb 26 '25confirmed±7.2%▼−8.94%×1.23

Apr 30 '25Apr 30 '25confirmed±9.0%▲+4.64%×0.52

Jul 30 '25Jul 30 '25confirmed±6.4%▼−9.59%×1.50

Oct 29 '25Oct 29 '25confirmed±8.7%▲+2.11%×0.24

Q1 FY26Feb 25 '26confirmed±8.9%▼−11.10%×1.24

May 7 '26May 7 '26confirmed±5.6%▲+2.97%×0.53

Q2 FY26Jul 29 '26confirmed±8.3%▲+18.50%×2.22

Q3 FY26Oct 28 '26confirmed±10.2%▲+1.79%×0.18

quarterimplied−20%0+20%realized×

Q3 FY26±10.2%▲+1.79%×0.18

Q2 FY26±8.3%▲+18.50%×2.22

May '26±5.6%▲+2.97%×0.53

Q1 FY26±8.9%▼−11.10%×1.24

Oct '25±8.7%▲+2.11%×0.24

Jul '25±6.4%▼−9.59%×1.50

2 older reports

Apr '25±9.0%▲+4.64%×0.52

Feb '25±7.2%▼−8.94%×1.23

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

0.05OI · 4 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

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

3440%Nov 2019d0.162,196+11%0.16

73+30%Dec 1847d0.70104+142%0.70

940%Feb 19110d0.137440%0.13

report · Feb 24 · after close · est.

840%Mar 19138d1,6600%

ExpiryPutsCallsP/C

Nov 2019d3440%2,196+11%0.16

Dec 1847d73+30%104+142%0.70

Feb 19110d940%7440%0.13

report · Feb 24 · after close · est.

Mar 19138d840%1,6600%0.05

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

Positioning

Linked exposure

scenario · straddle±15.4%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 1

BKR±7.1%×0.46

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

Linked exposure

Revenue flow

as filedQ3 FY26

17.19%as filednet margin · revenue −4.15% QoQ · +63.24% YoY

Revenue

$431M−4.15% QoQ

Gross profit

$157M+4.76% QoQ

36.40% margin

Operating income

$94M+12.52% QoQ

21.83% margin

Pre-tax income

$95M+12.16% QoQ

Net income

$74M+20.71% QoQ

17.19% margin

Cost of revenue

$274M−8.59% QoQ

Operating expenses

$63M−5.05% QoQ

Tax

$21M−10.49% QoQ

Other income

$766,000−19.28% QoQ

Revenue$431M−4.15%

Gross profit

$157M+4.76%

36.40% margin

Operating income

$94M+12.52%

21.83% margin

Pre-tax income

$95M+12.16%

Net income

$74M+20.71%

17.19% margin

Cost of revenue

$274M−8.59%

Operating expenses

$63M−5.05%

Other income$766,000−19.28%

Tax$21M−10.49%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 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

GDP ×1.64· ±3.0% vs ±1.8% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±3.0%8 of 19×1.64

PCEpersonal income & outlays±3.0%7 of 19×1.62

NFPjobs report±2.3%4 of 10×1.22

FOMCrate decision±2.0%8 of 24×1.10

CPROFcorporate profits±2.0%7 of 12×1.08

PPIproducer prices±1.3%4 of 10×0.72

CPIconsumer prices±0.8%7 of 10×0.45

Bar = avg |move| to ±4% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 0.87 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	0.87	—
Q2 FY26	Jul 29 '26 · confirmed	0.70	—
Q1 FY26	Feb 25 '26 · confirmed	-0.70	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod