WRB
BERKLEY W R CORP71.25post−$0.14 (−0.20%)at close +$0.00 (+0.00%)
as of 20:55:32 UTCnext report Nov 5 · 92d
Earnings Room‹ back to WRB
The report
fiscal Q3 2026 · from the company's noticeNov 592days out
Expected movement
market-implied · at the Aug 4 close±10.9%is what the chain prices between now and the expiry below. Not a view we hold.
That span is 164days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.
expiry Jan 15 · first after the reportATM strike 72straddle 9.10ATM IV 24%× 0.85 straddle-to-rangespot 71.25
Blast radius
6 linked · N-PORT + EDGARIf WRB moves ±10.9% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.
Positioning
4 expiries · as of the Jul 31 closeContracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.
OI ΔPutsOI
ExpiryOICallsOI Δ
▲ +1%925
Aug 21
21d
685▼ −0%
▲ +24%
31
Sep 18
49d
153▲ +25%
▲ +0%
305
Oct 16
77d
808
▲ +1%
▲ +1%
103
Jan 15
168d
674
▲ +5%
The record
expected in pale · actual in full color0/8reports moved further than the options market had pricedtypically ±2.2% realized vs ±5.7% priced
Jul 20 '26±7.3%→−0.8%×0.11
Apr 21 '26±6.0%→+3.2%×0.53
Jan 26 '26±4.7%→+0.5%×0.11
Oct 20 '25±4.1%→+2.1%×0.50
Jul 21 '25±5.1%→+1.1%×0.21
Apr 21 '25±5.8%→+5.2%×0.90
Jan 27 '25±4.3%→+0.2%×0.06
Oct 21 '24±8.1%→−4.1%×0.51
pale = implied the day beforeink = the next day's close× = realized ÷ implied
2-quarter memory
Q2 FY26 · reported 1.15 · rev $3.7B
record note
The note composes when the report lands. Nothing is written for a quarter that hasn't been read.