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

Implied ±14.0%, either direction · provisional.

WSONYSEWholesale-Hardware & Plumbing & Heating Equipment & Supplies

Watsco Inc (WSO) earnings date, market-implied expected move, and options open interest by expiry

307.12

+3.56 · +1.17%

post 314.25 +2.32%

Closed15:59 ET

Open307.60Volume613,017Mkt cap$12.5BP/E26.91EPS11.68Div yield4.25%

Day307.12 – 314.4797%52-wk274.28 – 450.0723%

WSO

Watsco Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.0%implied · straddle

272.21361.21

spot 316.71exp Feb 19ATM strike 320ATM straddle 52.35IV 38%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Feb 16

before open · in 106 days

est.Q4 FY26

Calendar

Next report

Last report

−1.41%

vs ±8.9% implied · ×0.16

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

5hCARR · supplierCarrier to Present at Baird's 2026 Global Industrial Conference

News

Largest filed tie

13F top-10 QoQ

−0.49%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

784 managers

Top fund weight

0.40%

WSO weight · MDY

N-PORTJun 30 '26

6 funds

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

Watsco (WSO) is expected to report on Feb 16 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 29 '26confirmed—▼−12.92%—

Oct 27 '26Oct 27 '26confirmed±8.9%▼−1.41%×0.16

quarterimplied−15%0+15%realized×

Oct '26±8.9%▼−1.41%×0.16

Q2 FY26—▼−12.92%

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.23OI · 3 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

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

386+17%Nov 2018d0.133,054+3%0.13

65+195%Dec 1846d0.8378+136%0.83

report · Feb 16 · before open · est.

190+6%Feb 19109d823+13%

ExpiryPutsCallsP/C

Nov 2018d386+17%3,054+3%0.13

Dec 1846d65+195%78+136%0.83

report · Feb 16 · before open · est.

Feb 19109d190+6%

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

Positioning

Linked exposure

scenario · straddle±14.0%

Funds 4

MDY±0.1%

SCHD±0.0%

REVS±0.0%

VIG±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

9.09%as filednet margin · revenue +37.30% QoQ · +2.06% YoY

Revenue

$2.1B+37.30% QoQ

Gross profit

$579M+35.40% QoQ

27.50% margin

Operating income

$238M+116.34% QoQ

11.32% margin

Pre-tax income

$242M+107.36% QoQ

Net income

$191M+105.83% QoQ

9.09% margin

Cost of revenue

$1.5B+38.04% QoQ

Operating expenses

$341M+7.31% QoQ

Tax

$51M+113.34% QoQ

Other income

$3M−45.86% QoQ

Revenue$2.1B+37.30%

Gross profit

$579M+35.40%

27.50% margin

Operating income

$238M+116.34%

11.32% margin

Pre-tax income

$242M+107.36%

Net income

$191M+105.83%

9.09% margin

Cost of revenue

$1.5B+38.04%

Operating expenses

$341M+7.31%

Other income$3M−45.86%

Tax$51M+113.34%

flow · deduction · inflow · 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 · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.57· ±2.3% vs ±1.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.3%9 of 24×1.57

CPROFcorporate profits±1.8%9 of 12×1.25

GDPgross domestic product±1.7%14 of 19×1.13

PCEpersonal income & outlays±1.5%13 of 19×1.02

NFPjobs report±1.5%4 of 10×1.00

CPIconsumer prices±1.3%6 of 11×0.90

PPIproducer prices±1.1%7 of 11×0.77

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 4.00 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 29 '26 · confirmed	4.00	—
Q1 FY26	—	1.87	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod