What move does the options market price into Advanced Drainage Systems's report?

Implied ±6.8%, either direction.

WMSNYSEPlastics Foam Products

Advanced Drainage Systems, Inc. (WMS) earnings date, market-implied expected move, and options open interest by expiry

134.90

−1.62 · −1.19%

post 134.90 0.00%

Closed16:00 ET

Open136.17Volume563,451Mkt cap$10.2BP/E23.14EPS5.83Div yield0.56%

Day134.66 – 137.518%52-wk122.84 – 178.6122%

WMS

Advanced Drainage Systems, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.8%implied · report alone

126.22144.64

straddle ±8.5%

spot 135.43exp Nov 20ATM strike 135ATM straddle 13.60IV 53%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 5 days

est.Q2 FY27

Calendar

Next report

Last report

−0.76%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

13.10%

of WMS revenue · Ferguson Enterprises ("Ferguson")

customerWMS 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+2.01%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

550 managers

Top fund weight

0.31%

WMS weight · MDY

N-PORTJun 30 '26

5 funds

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

Advanced Drainage Systems (WMS) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q1 FY27Aug 6 '26confirmed—▼−0.76%—

quarterimplied−5%0+5%realized×

Q1 FY27—▼−0.76%—

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 20 close

5.47OI · 3 expiries · Oct 20 closeP/C open interest · Nov 20 · first expiry after the report

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

9460%Nov 2020d173+409%

131+8%Dec 1848d0.324130%0.32

360%Mar 19139d0.7747+96%0.77

ExpiryPutsCallsP/C

Nov 2020d9460%173+409%5.47

Dec 1848d131+8%4130%0.32

Mar 19139d360%47+96%0.77

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

Positioning

Linked exposure

scenario · straddle±8.5%

Funds 4

MDY±0.0%

REVS±0.0%

VIG±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ1 FY27

17.07%as filednet margin · revenue +20.63% YoY

Revenue

$1.0B

Gross profit

$408M

40.76% margin

Operating income

$255M

25.43% margin

Pre-tax income

$229M

Net income

$171M

17.07% margin

Cost of revenue

$593M

Operating expenses

$153M

Marketing $131M

Other operating $23M

Other expense

$26M

Tax

$54M

Revenue$1.0B

Gross profit

$408M

40.76% margin

Operating income

$255M

25.43% margin

Pre-tax income

$229M

Net income

$171M

17.07% margin

Cost of revenue

$593M

Operating expenses

$153M

Marketing $131M

Other operating $23M

Other expense

$26M

Tax$54M

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

PPI ×1.33· ±2.3% vs ±1.7% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.3%6 of 11×1.33

FOMCrate decision±2.0%8 of 25×1.15

CPIconsumer prices±1.9%5 of 11×1.11

NFPjobs report±1.5%4 of 10×0.86

PCEpersonal income & outlays±1.4%7 of 20×0.81

GDPgross domestic product±1.3%7 of 20×0.77

CPROFcorporate profits±1.2%4 of 12×0.71

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

Earnings history

EPS 2.19 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Aug 6 '26 · confirmed	2.19	—
Q3 FY25	—	1.19	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod