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

Implied ±6.7%, either direction.

WLKNYSEIndustrial Organic Chemicals

Westlake Corp (WLK) earnings date, market-implied expected move, and options open interest by expiry

69.74

−1.43 · −2.01%

Regular session11:52 ET

Open70.94Volume1.3MMkt cap$9.1BEPS-9.57Div yield2.98%

Day69.55 – 70.9414%52-wk54.84 – 122.6322%

WLK

Westlake Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.7%implied · report alone

66.3875.96

straddle ±9.0%

spot 71.17exp Nov 20ATM strike 70ATM straddle 7.58IV 60%

Nov 2 closereport share · term structurethin chain

Expected move

Inputs

Next report

Nov 4

before open · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+15.37%

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−12.40%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

358 managers

Top fund weight

0.07%

WLK weight · MDY

N-PORTJun 30 '26

4 funds

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

Westlake (WLK) is expected to report on Nov 4 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 4 '26confirmed—▲+15.37%—

quarterimplied−20%0+20%realized×

Q2 FY26—▲+15.37%—

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

1.67OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

144−1%Nov 2017d86+21%

3470%Dec 1845d0.301,1680%0.30

145+113%Jan 1573d0.246040%0.24

1570%Apr 16164d0.198380%0.19

ExpiryPutsCallsP/C

Nov 2017d144−1%86+21%1.67

Dec 1845d3470%1,1680%0.30

Jan 1573d145+113%6040%0.24

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

Positioning

Linked exposure

scenario · straddle±9.0%

Funds 4

MDY±0.0%

VIG±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

8.28%as filednet margin · revenue +23.34% QoQ · +10.77% YoY

Revenue

$3.3B+23.34% QoQ

Gross profit

$652M+482.14% QoQ

19.93% margin

Operating income

$364M+311.63% QoQ

11.13% margin

Pre-tax income

$338M+277.89% QoQ

Net income

$271M+272.61% QoQ

8.28% margin

Cost of revenue

$2.6B+3.11% QoQ

Operating expenses

$288M+1.41% QoQ

SG&A $253M

Other operating $35M

Other expense

$26M

Tax

$67M+303.03% QoQ

Revenue$3.3B+23.34%

Gross profit

$652M+482.14%

19.93% margin

Operating income

$364M+311.63%

11.13% margin

Pre-tax income

$338M+277.89%

Net income

$271M+272.61%

8.28% margin

Cost of revenue

$2.6B+3.11%

Operating expenses

$288M+1.41%

SG&A $253M

Other operating $35M

Other expense

$26M

Tax$67M+303.03%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 11:45 ET

Intraday

Event sensitivity

PPI ×1.32· ±2.2% vs ±1.7% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.2%7 of 11×1.32

FOMCrate decision±1.9%13 of 24×1.12

NFPjobs report±1.7%5 of 10×1.02

GDPgross domestic product±1.6%7 of 19×0.92

CPROFcorporate profits±1.3%6 of 12×0.78

PCEpersonal income & outlays±1.2%8 of 19×0.70

CPIconsumer prices±1.2%8 of 11×0.68

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 2.01 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	2.01	—
Q1 FY26	—	-1.31	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod