During · Options Expiration Management

Earnings is the one risk on your book with a date on it.

Every position you hold through a print is a bet on a distribution you have never looked at. This is that distribution: what the underlying did in the two weeks before the report, on the report, and in the week after it — and what each of those three phases implies for an options seller.

01

What these prints actually did

Pick a symbol to narrow every chart and verdict on this page. The aggregate is every reporting symbol pooled.

Symbol
02

Before, during, after

One histogram per phase, on bins aligned to zero so the shape is comparable. Offsets are trading sessions: T+0 is the session the print lands in.

03

What to do in each phase

Each verdict is derived from the numbers in the card beneath it. Change the symbol and the verdict changes with the data, because nothing here is a stored opinion.

04

The volatility round trip

The ramp into the print and the crush out of it, which is what a short premium position through the event is actually paid for.

Implied volatility across the window

Why the average day is not a strike

Annualised at-the-money IV divided by the root of the session count is what the chain charges for a typical day. The print is not a typical day, and that difference is the whole reason earnings needs its own distribution.

05

Every symbol, ranked by how concentrated its print is

Concentration is the median gap divided by the symbol's own ordinary session. A high number means the risk on that name is bunched into four dates a year. Click a row to filter the page.

SymbolPrintsOrdinary dayMedian gap Concentration2x typicalStrike for 95% Worst gapIV rampIV crushPre-print call
06

The prompt that rebuilds this page

This is a workflow, not a report. Re-running the same prompt refreshes the data; nothing on this page was hand-assembled.


    

Commands the prompt runs are in the repository README under "Earnings move analysis".