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

Implied ±24.6%, either direction · provisional.

WINGNasdaqRetail-Eating Places

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

160.80

Closed18:53 ET

Open159.55Volume3.0MMkt cap$4.4BP/E37.31EPS4.31Div yield0.75%

Day159.41 – 162.0253%52-wk95.82 – 300.7832%

WING

Wingstop Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±24.6%implied · straddle

121.75201.39

spot 161.57exp Mar 19ATM strike 160ATM straddle 46.85IV 61%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 17

before open · in 105 days

est.Q4 FY26

Calendar

Next report

Last report

+12.18%

vs ±14.6% implied · ×0.83

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmed

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

+22.14%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

425 managers

Top fund weight

0.13%

WING weight · MDY

N-PORTJun 30 '26

3 funds

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

Wingstop (WING) is expected to report on Feb 17 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 29 '26confirmed—▲+3.40%—

Q3 FY26Oct 28 '26confirmed±14.6%▲+12.18%×0.83

quarterimplied−15%0+15%realized×

Q3 FY26±14.6%▲+12.18%×0.83

Q2 FY26—▲+3.40%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 27 close

0.98OI · 4 expiries · Oct 27 closeP/C open interest · Mar 19 · first expiry after the report

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

3,9720%Nov 2016d1.003,983+2%1.00

1,6790%Dec 1844d0.971,7290%0.97

3,581+1%Jan 1572d0.794,5250%0.79

report · Feb 17 · before open · est.

2,4250%Mar 19135d2,4670%

ExpiryPutsCallsP/C

Nov 2016d3,9720%3,983+2%1.00

Dec 1844d1,6790%1,7290%0.97

Jan 1572d3,581+1%4,5250%0.79

report · Feb 17 · before open · est.

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

Positioning

Linked exposure

scenario · straddle±24.6%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

15.72%as filednet margin · revenue −0.23% QoQ · +5.35% YoY

Revenue

$185M−0.23% QoQ

Gross profit

$158M−1.60% QoQ

85.30% margin

Operating income

$51M−7.20% QoQ

27.38% margin

Pre-tax income

$40M−10.36% QoQ

Net income

$29M−6.98% QoQ

15.72% margin

Cost of revenue

$27M+8.54% QoQ

Operating expenses

$107M+1.29% QoQ

Marketing $68M

SG&A $30M

Depreciation $9M

Other expense

$11M

Tax

$11M−18.27% QoQ

Revenue$185M−0.23%

Gross profit

$158M−1.60%

85.30% margin

Operating income

$51M−7.20%

27.38% margin

Pre-tax income

$40M−10.36%

Net income

$29M−6.98%

15.72% margin

Cost of revenue

$27M+8.54%

Operating expenses

$107M+1.29%

Marketing $68M

SG&A $30M

Depreciation $9M

Other expense

$11M

Tax$11M−18.27%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:45 ET

Intraday

Event sensitivity

GDP ×1.87· ±4.3% vs ±2.3% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±4.3%11 of 19×1.87

FOMCrate decision±3.5%13 of 24×1.49

PCEpersonal income & outlays±3.2%10 of 19×1.39

PPIproducer prices±2.9%3 of 10×1.25

CPROFcorporate profits±2.7%6 of 12×1.18

CPIconsumer prices±2.6%5 of 10×1.11

NFPjobs report±2.5%5 of 10×1.06

Bar = avg |move| to ±5% · tick = ±2.3% avg day · ×base = |move| ÷ ±2.3% · min 6 releases

Earnings history

EPS 1.07 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	1.07	—
Q2 FY26	Jul 29 '26 · confirmed	1.15	—
Q1 FY26	—	1.08	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod