The options market is pricing a ±13.2% (±$70.11) move for WDC's 2026-08-05 · after close report. Over its last 8 reports, WDC has actually moved ±7.1% on average (biggest: ±10.2%). That's a 0.54× realized-vs-implied ratio, so the options look overpriced — WDC has historically moved less than what's priced, which favors selling premium (iron condor / credit spreads) if you have an edge. It has exceeded the implied move in 75% of those prints, beaten EPS estimates 63% of the time (8 quarters), and the 1-day reaction has been positive 63% of the time (avg +2%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-04-30 | 2.41 | 2.62 | beat | ±7.1% | -0.7% | +6.8% |
| 2026-01-29 | 1.95 | 1.99 | beat | ±7.8% | -10.1% | -6.5% |
| 2025-10-30 | 1.59 | 1.64 | beat | ±7.2% | +8.7% | +18.4% |
| 2025-07-30 | 1.48 | 1.51 | beat | ±5.6% | +10.2% | +3.3% |
| 2025-04-30 | 1.17 | 1.28 | beat | ±6.7% | +8% | +9% |
| 2025-01-29 | 1.33 | 1.17 | miss | ±5.1% | +4.7% | +3.1% |
| 2024-10-24 | 1.31 | 1.17 | miss | ±4.7% | +4.7% | -1.5% |
| 2024-07-31 | 0.95 | 0.94 | miss | ±5.9% | -9.7% | -16.1% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
WDC is scheduled to report on 2026-08-05, after the close. Dates can shift until the company confirms.
The options market is pricing an expected move of about ±13.2% (±$70.11) for WDC's upcoming report — the size of the move the ATM straddle is pricing in.
Over its last 8 reports, WDC has beaten EPS estimates 63% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, WDC moved ±7.1% on average versus a ±13.2% implied move — a 0.54× ratio, so the options have been rich (it moves less than priced). It exceeded the implied move 75% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See WDC's positioning too: WDC gamma exposure → · WDC options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
