What move does the options market price into Zions Bancorporation, National Association's report?

Implied ±10.9%, either direction · provisional.

ZIONNasdaqNational Commercial Banks

Zions Bancorporation, National Association (ZION) earnings date, market-implied expected move, and options open interest by expiry

64.76

−0.17 · −0.26%

post 64.76 0.00%

After hours16:00 ETdelayed

Open64.80Volume1.9MMkt cap$9.4BP/E7.94EPS8.16Div yield2.82%

Day64.64 – 65.0430%52-wk47.47 – 72.8568%

ZION

Zions Bancorporation, National Association

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.9%implied · straddle

57.8372.03

spot 64.93exp Feb 19ATM strike 65ATM straddle 8.35IV 30%

Nov 5 closeprovisional

Expected move

Inputs

Next report

Jan 19

after close · in 74 days

est.Q4 FY26

Calendar

Next report

Last report

+2.30%

vs ±6.5% implied · ×0.35

shaded = implied · ▲▼ = realized

Oct 19 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+2.17%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

601 managers

Top fund weight

0.28%

ZION weight · MDY

N-PORTJun 30 '26

5 funds

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

Zions Bancorporation, National Association (ZION) is expected to report on Jan 19 after close (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 20 '26confirmed—▲+0.19%—

Oct 19 '26Oct 19 '26confirmed±6.5%▲+2.30%×0.35

quarterimplied−10%0+10%realized×

Oct '26±6.5%▲+2.30%×0.35

Q2 FY26—▲+0.19%—

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

Implied vs realized

Positioning

OI · 5 expiries · Nov 4 close

1.97OI · 5 expiries · Nov 4 closeP/C open interest · Feb 19 · first expiry after the report

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

3,9720%Nov 2014d0.537,5580%0.53

78+3%Dec 1842d0.44176+1%0.44

6,5140%Jan 1570d1.653,9490%1.65

report · Jan 19 · after close · est.

3,0570%Feb 19105d1,5500%

4850%Apr 16161d0.627880%0.62

ExpiryPutsCallsP/C

Nov 2014d3,9720%7,5580%0.53

Dec 1842d78+3%176+1%0.44

Jan 1570d6,5140%3,9490%1.65

report · Jan 19 · after close · est.

Feb 19105d3,0570%1,5500%1.97

Apr 16161d4850%7880%0.62

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

Positioning

Linked exposure

scenario · straddle±10.9%

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 filedQ3 FY26

29.85%as filednet margin · revenue −22.52% QoQ · +2.32% YoY

Revenue$881M−22.52%

Pre-tax income$336M−42.37%

Net income$263M29.85%−41.94%

Tax$73M−43.85%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.66· ±2.5% vs ±1.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.5%9 of 24×1.66

PPIproducer prices±1.5%8 of 11×0.99

GDPgross domestic product±1.1%12 of 20×0.73

CPROFcorporate profits±1.0%7 of 12×0.70

NFPjobs report±1.0%4 of 10×0.67

CPIconsumer prices±0.9%7 of 11×0.62

PCEpersonal income & outlays±0.9%11 of 20×0.59

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

Earnings history

EPS 1.78 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	—	1.78	—
Q2 FY26	Jul 20 '26 · confirmed	3.05	—
Q1 FY26	—	1.56	—
Q3 FY25	—	1.48	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod