Earnings volatility research
MA · Mastercard Incorporated Common Stock
Next verified earnings in 11 days · Oct 29, 2026 · Before open (BMO).
- Observed earnings moves:
- 12 History through Oct 18, 2026
- Mean absolute actual move:
- 2.6% 12 observed events · not a forecast
- Actual exceeded priced move:
- 25.0% 3 of 12 paired observations
- Options evidence coverage:
- Unavailable No stored options snapshot
Historical absolute moves are measured outcomes, not predicted returns. Missing implied moves are excluded only from paired comparisons. Inspect events and sources · Inspect stored contracts
No reviewed research is available for MA yet
Coverage and research availability are separate datasets.
A snapshot may be in progress, awaiting review, or blocked by data-quality gates. Published research appears here once it clears review.
Past events · reconstructed
Historical reconstruction for MA
Observed outcomes from 12 earnings events (Oct 26, 2023 – Jul 30, 2026). These events have already been reported · modeled strategy results.
Realized move versus what was implied
Implied move is the pre-event ATM straddle estimate; realized move is the observed post-earnings move.
Implied moves available from Oct 26, 2023; gaps indicate missing quotes.
Updated Oct 18, 2026
Loading graph — the exact table is available below.
Exact data table
MA · Implied versus actual earnings move · full stored dataset, independent of graph range/toggles
| Observation | Realized move (%) | Implied move (%) | Context | Updated |
|---|---|---|---|---|
| 5.6224% | 3.0675% | Signed actual -5.6224% · Reconstructed · 19 IV checkpoints | Updated Oct 18, 2026 | |
| 0.9075% | 2.9763% | Signed actual 0.9075% · Reconstructed · 24 IV checkpoints | Updated Oct 18, 2026 | |
| 2.0235% | 3.463% | Signed actual -2.0235% · Reconstructed · 25 IV checkpoints | Updated Oct 18, 2026 | |
| 3.6339% | 3.7155% | Signed actual 3.6339% · Reconstructed · 24 IV checkpoints | Updated Oct 18, 2026 | |
| 2.7448% | 2.8665% | Signed actual -2.7448% · Reconstructed · 26 IV checkpoints | Updated Oct 18, 2026 | |
| 3.1359% | 3.2844% | Signed actual 3.1359% · Reconstructed · 23 IV checkpoints | Updated Oct 18, 2026 | |
| 0.2609% | 2.6685% | Signed actual -0.2609% · Reconstructed · 25 IV checkpoints | Updated Oct 18, 2026 | |
| 1.3164% | 2.6113% | Signed actual 1.3164% · Reconstructed · 25 IV checkpoints | Updated Oct 18, 2026 | |
| 0.1623% | 2.9527% | Signed actual -0.1623% · Reconstructed · 26 IV checkpoints | Updated Oct 18, 2026 | |
| 4.2887% | 3.4764% | Signed actual 4.2887% · Reconstructed · 23 IV checkpoints | Updated Oct 18, 2026 | |
| 4.2477% | 3.4366% | Signed actual -4.2477% · Reconstructed · 25 IV checkpoints | Updated Oct 18, 2026 | |
| 2.4906% | 2.9113% | Signed actual 2.4906% · Reconstructed · 25 IV checkpoints | Updated Oct 18, 2026 |
Compare entry timing
Each column opens a separate trade using that checkpoint’s contracts and quotes. Returns include modeled slippage and commissions.
Daily earnings-window reconstruction: all requested quarters processed. Completed tests may still have missing quotes or non-trading days; processing completion does not mean every trade is available.
Includes only trades explicitly recorded as passing entry filters. Unknown eligibility and failed-filter runs are excluded; no all-history fallback is applied when none pass. The exit is the earlier of T−1 and one day before the first leg expires.
Average dollar P&L per one-lot structure · profitable runs / total runs. Select a cell to inspect its entry checkpoint.
| Strategy | T−35 | T−34 | T−33 | T−32 | T−31 | T−30 | T−29 | T−28 | T−27 | T−26 | T−25 | T−24 | T−23 | T−22 | T−21 | T−20 | T−19 | T−18 | T−17 | T−16 | T−15 | T−14 | T−13 | T−12 | T−11 | T−10 | T−9 | T−8 | T−7 | T−6 | T−5 | T−4 | T−3 | T−2 | T−1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bear Call Spread | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available |
| Bull Put Spread | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available |
| Calendar | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available | Not available | Not available | Not available | Not available | Not available | ||||||||||||
| Iron Condor | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available | Not available | ||||||||||||||||||
| Long Straddle | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | Not available | Not available | ||||||
| Long Strangle | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | Not available | Not available | ||||||
| Short StraddleResearch only · Unlimited upside risk | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available |
| Short StrangleResearch only · Unlimited upside risk | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | No eligible runs | Not available | No eligible runs | No eligible runs | Not available |
Requested entry tests: T−35, T−34, T−33, T−32, T−31, T−30, T−29, T−28, T−27, T−26, T−25, T−24, T−23, T−22, T−21, T−20, T−19, T−18, T−17, T−16, T−15, T−14, T−13, T−12, T−11, T−10, T−9, T−8, T−7, T−6, T−5, T−4, T−3, T−2, T−1. Untested columns require a new historical reconstruction. Small samples are descriptive evidence. Columns can cover different earnings events; inspect event dates before comparing. The highest average across different samples does not establish the best entry day. New daily reconstructions use exact calendar dates; weekends, holidays and missing quotes remain unavailable. Older records may use a prior session; each trade shows its actual dates.
T−14 entry details
| Strategy | Events | Average | Median | Worst observed | Best observed | Did not pass filters / Unknown eligibility |
|---|---|---|---|---|---|---|
| Calendar | 3 | $34.23 | $64.90 | -$86.35 | $124.15 | 0 / 0 |
| Iron Condor | 2 | $202.43 | $202.43 | $176.30 | $228.55 | 0 / 0 |
12 unavailable tests at T−14
- MA_2023-10-26 · Iron Condor · missing exact leg quotes or unbounded capital
- MA_2023-10-26 · Bear Call Spread · missing exact leg quotes or unbounded capital
- MA_2024-05-01 · Iron Condor · missing exact leg quotes or unbounded capital
- MA_2024-05-01 · Bear Call Spread · missing exact leg quotes or unbounded capital
- MA_2025-01-30 · Calendar · missing exact leg quotes or unbounded capital
- MA_2025-01-30 · Iron Condor · missing exact leg quotes or unbounded capital
- MA_2025-01-30 · Bull Put Spread · missing exact leg quotes or unbounded capital
- MA_2025-01-30 · Bear Call Spread · missing exact leg quotes or unbounded capital
- MA_2025-05-01 · Long Straddle · missing exact leg quotes or unbounded capital
- MA_2025-05-01 · Calendar · missing exact leg quotes or unbounded capital
- MA_2025-05-01 · Short Straddle · missing exact leg quotes or unbounded capital
- MA_2025-10-30 · Calendar · missing exact leg quotes or unbounded capital
Historical examples
Example trades, payoff and risk
Past structural simulations · modeled fills · not historical recommendations.
Calendar
Passed entry filters- Modeled entry debit
- $690.0000
- Payoff max loss
- Model dependent
- Payoff max profit
- Model dependent
- Modeled exit P&L
- -$86.35-13.5% on stored risk basis $640.00
Exit rule: Scheduled before earnings / expiration. Exit reason: scheduled exit.
Price basis: Quote midpoint with adverse spread slippage.
Entry Apr 16, 2026 → Exit Apr 23, 2026. Payoff is a scenario; exit P&L uses the stored exit fills. Different expirations require time and volatility assumptions.
This example spans different expirations. A comparable expiration payoff needs time and volatility assumptions; the exact fills and realized modeled result are below.
Exact contracts and modeled fills · dollars per share. Entry and exit fills are shown to four decimals so the modeled net entry can be checked against each leg.
| Side / quantity | Contract | Strike / expiry | Entry fill | Exit fill |
|---|---|---|---|---|
| SELL × 1 | MA260424C00517500 | $517.50 call · 2026-04-24 | $8.3000 | $0.2375 |
| BUY × 1 | MA260508C00520000 | $520.00 call · 2026-05-08 | $15.2000 | $6.3000 |
2699 unavailable observations / tests · Record hist_MA_358fa3509498e56d · Historical methodology
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