The options market is pricing a — move for WDC's 2026-10-29 · after close report. Over its last 8 reports, WDC has actually moved ±7.5% on average (biggest: ±13%). That's a 1.13× realized-vs-implied ratio, so the options look underpriced — WDC has historically moved more than the market prices in, which favors buying premium (long straddle/strangle) into the print. It has exceeded the implied move in 75% of those prints, beaten EPS estimates 75% of the time (8 quarters), and the 1-day reaction has been positive 63% of the time (avg +1.6%).
Longer run: across all 20 reports on record (since 2019-10-30), the options overpriced WDC's move 50% of the time — less often than the 57% market-wide average. Median actual move was 0.97× the implied (mean implied ±5.5%, mean actual ±5.8%), so on this longer sample the options screen fairly priced. See how that compares across 2,422 prints →
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 |
|---|---|---|---|---|---|---|
| 2026-08-05 | 3.35 | 3.47 | beat | ±9% | -13% | -12.5% |
| 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% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
WDC is scheduled to report on 2026-10-29, after the close. Dates can shift until the company confirms.
The expected move is the size of the post-earnings swing the options market is pricing in (from the ATM straddle). We show WDC's live.
Over its last 8 reports, WDC has beaten EPS estimates 75% 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 ±7.5% on average versus a ±6.6% implied move — a 1.13× ratio, so the options have been cheap (it moves more 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 →
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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.