Options Whale

Prepare before earnings

ACHR · Archer Aviation Inc. Class A Common Stock

Reports in 10 days · Nov 9, 2026 · After close (AMC)

Quote as of Oct 29, 2026 · Entry today: T−10 · New York calendar dates

Earnings calendar
My upcoming earnings

Prepare your earnings trade

T−10 entry · compare strategies

Compare returns and downside before choosing a strategy. Returns include stored modeled fill costs and commissions.

Before earnings / earlier expiration: the stored exit can be earlier when the contracts expire.

Today is T−10 (Oct 30, 2026). Every entry day uses its own historical contracts and quotes. Latest quote date: Oct 29, 2026 (T−11).

Mar 31, 2020 – Aug 10, 2026 · percentage return on modeled maximum loss · dollar P&L per one-lot structure. Samples can differ between strategies.

Previous-session examples are dated references while the latest completed-session update is pending. Changing the historical entry day does not change the displayed contracts. Exit controls also check whether the legs can support that exit.

StrategyAverage returnMedian returnHistorical win rateEarnings testedAverage P&LWorst observedPrevious-session example
-1.1%6 valid ROI tests0.4%50.0%3 / 6 profitable6 earnings6 valid tests-$0.52-16.0%-$7.10
Previous-session example · T−10

Unavailable · The chain cannot form a valid structure with the required strikes and expirations.

Last quote session: Oct 29, 2026

-17.6%6 valid ROI tests-6.7%33.3%2 / 6 profitable6 earnings6 valid tests-$5.85-73.8%-$25.10
Previous-session example · T−10

Unavailable · The chain cannot form a valid structure with the required strikes and expirations.

Last quote session: Oct 29, 2026

-10.0%11 valid ROI tests6.7%54.5%6 / 11 profitable11 earnings11 valid tests-$0.28-72.0%-$12.60
Previous-session example · T−10

Daily update pending. Waiting for quotes from 2026-10-30. Showing the most recent verified daily quote as a dated reference. These are reference prices, not current pricing.

  • Sell to open 1 ACHR $4.50 callExpires Nov 6, 2026 · 7 DTE todayDelta 0.41 · Bid $0.11 / ask $0.13Midpoint $0.12 · Spread 16.7% of midpoint (informational)Volume 560 · Open interest 3,904
  • Buy to open 1 ACHR $4.50 callExpires Nov 20, 2026 · 21 DTE todayDelta 0.49 · Bid $0.30 / ask $0.33Midpoint $0.32 · Spread 9.5% of midpoint (informational)Volume 534 · Open interest 1,235
Estimated debit
$19.50 / one structure
Maximum loss before fees
Model dependent
Expiration breakeven
Model dependent
Earlier-expiration exit
Nov 6, 2026 close

Quote session: Oct 29, 2026 · T−11 at quote
Refreshed Oct 30, 2026, 8:09 PM EDT

Selection rules changed; this refresh is not compared with the prior example.

Daily preparation example for a new entry. Refreshed while earnings are 1–28 days away. Midpoint estimate before fees; verify prices with your broker. An update does not instruct existing holders to roll.

-22.3%6 valid ROI tests-10.1%0.0%0 / 6 profitable6 earnings6 valid tests-$6.37-77.1%-$21.20
Previous-session example · T−10

Unavailable · The chain cannot form a valid structure with the required strikes and expirations.

Last quote session: Oct 29, 2026

Near-term expiry · nearest 0.90 delta-20.6%14 valid ROI tests-31.9%21.4%3 / 14 profitable14 earnings14 valid tests-$35.34-62.5%-$209.30
Previous-session example · T−10

Daily update pending. Waiting for quotes from 2026-10-30. Showing the most recent verified daily quote as a dated reference. These are reference prices, not current pricing.

  • Buy to open 1 ACHR $3.50 callExpires Nov 13, 2026 · 14 DTE todayDelta 0.90 · Bid $0.76 / ask $1.10Midpoint $0.93 · Spread 36.6% of midpoint (informational)Volume 1 · Open interest 30
Estimated debit
$93.00 / one structure
Maximum loss before fees
$93.00
Expiration breakeven
$4.43
Before-earnings exit
Nov 9, 2026 close

Quote session: Oct 29, 2026 · T−11 at quote
Refreshed Oct 30, 2026, 8:09 PM EDT

Selection rules changed; this refresh is not compared with the prior example.

Daily preparation example for a new entry. Refreshed while earnings are 1–28 days away. Midpoint estimate before fees; verify prices with your broker. An update does not instruct existing holders to roll.

12.2%18 valid ROI tests-1.3%50.0%9 / 18 profitable18 earnings18 valid tests$4.15-45.6%-$62.60
Previous-session example · T−10

Daily update pending. Waiting for quotes from 2026-10-30. Showing the most recent verified daily quote as a dated reference. These are reference prices, not current pricing.

  • Buy to open 1 ACHR $4.50 callExpires Nov 13, 2026 · 14 DTE todayDelta 0.48 · Bid $0.25 / ask $0.29Midpoint $0.27 · Spread 14.8% of midpoint (informational)Volume 840 · Open interest 3,557
  • Buy to open 1 ACHR $4.50 putExpires Nov 13, 2026 · 14 DTE todayDelta -0.53 · Bid $0.33 / ask $0.39Midpoint $0.36 · Spread 16.7% of midpoint (informational)Volume 635 · Open interest 1,927
Estimated debit
$63.00 / one structure
Maximum loss before fees
$63.00
Expiration breakevens
$3.87 / $5.13
Before-earnings exit
Nov 9, 2026 close

Quote session: Oct 29, 2026 · T−11 at quote
Refreshed Oct 30, 2026, 8:09 PM EDT

Selection rules changed; this refresh is not compared with the prior example.

Daily preparation example for a new entry. Refreshed while earnings are 1–28 days away. Midpoint estimate before fees; verify prices with your broker. An update does not instruct existing holders to roll.

-20.8%14 valid ROI tests-38.4%21.4%3 / 14 profitable14 earnings14 valid tests-$11.78-68.4%-$40.10
Previous-session example · T−10

Daily update pending. Waiting for quotes from 2026-10-30. Showing the most recent verified daily quote as a dated reference. These are reference prices, not current pricing.

  • Buy to open 1 ACHR $3.50 putExpires Nov 13, 2026 · 14 DTE todayDelta -0.10 · Bid $0.03 / ask $0.06Midpoint $0.05 · Spread 66.7% of midpoint (informational)Volume 4 · Open interest 328
  • Buy to open 1 ACHR $5.00 callExpires Nov 13, 2026 · 14 DTE todayDelta 0.28 · Bid $0.12 / ask $0.14Midpoint $0.13 · Spread 15.4% of midpoint (informational)Volume 316 · Open interest 4,996
Estimated debit
$17.50 / one structure
Maximum loss before fees
$17.50
Expiration breakevens
$3.32 / $5.18
Before-earnings exit
Nov 9, 2026 close

Quote session: Oct 29, 2026 · T−11 at quote
Refreshed Oct 30, 2026, 8:09 PM EDT

Selection rules changed; this refresh is not compared with the prior example.

Daily preparation example for a new entry. Refreshed while earnings are 1–28 days away. Midpoint estimate before fees; verify prices with your broker. An update does not instruct existing holders to roll.

Unlimited risk · ROI unavailableUnlimited risk · ROI unavailable44.4%8 / 18 profitable18 earnings18 valid tests-$9.35Unlimited risk · ROI unavailable-$95.10
Previous-session example · T−10

Unavailable · Naked short strategies remain research-only. Margin and assignment requirements are not modeled.

Last quote session: Oct 29, 2026

Unlimited risk · ROI unavailableUnlimited risk · ROI unavailable64.3%9 / 14 profitable14 earnings14 valid tests$6.58Unlimited risk · ROI unavailable-$19.10
Previous-session example · T−10

Unavailable · Naked short strategies remain research-only. Margin and assignment requirements are not modeled.

Last quote session: Oct 29, 2026

Historical win rate counts after-cost P&L above zero. Break-even tests stay in the denominator; missing tests do not. It is a historical frequency, not a forecast probability.

Execution-cost scenario

T−10 entry · before earnings / earlier expiration. The additional cost is a scenario, not an observed fill. Current quotes, liquidity and per-contract risk must be checked before sizing; historical averages do not create option legs or orders.

Explore all entry days · T−28 through T−1
StrategyT−28T−27T−26T−25T−24T−23T−22T−21T−20T−19T−18T−17T−16T−15T−14T−13T−12T−11T−10T−9T−8T−7T−6T−5T−4T−3T−2T−1
Bear Call SpreadNo later pre-earnings close
Bull Put SpreadNo later pre-earnings close
CalendarNo entry trading sessionNo entry trading sessionNo entry trading sessionNo later pre-earnings close
Iron CondorNo later pre-earnings close
Long Call DITM (0.90 Delta)No later pre-earnings close
Long StraddleNo later pre-earnings close
Long StrangleNo later pre-earnings close
Short StraddleNo later pre-earnings close
Short StrangleNo later pre-earnings close

Each column is a separate historical trade. Missing quotes, weekends and holidays are not zero returns. Compare event counts before interpreting differences between entry days.

Return basis, costs and coverage

Long-option returns use premium at risk; defined-risk structures use modeled maximum loss. Naked shorts have no maximum-loss ROI; broker margin, early assignment and resulting stock exposure are not modeled. These percentages are not account returns or annualized returns.

Stored fills and commissions are modeled. DITM uses the existing near-term call nearest +0.90 delta, minimum +0.80 delta, earliest listed expiry after the earnings reaction and no more than 60 entry DTE.

Statistics use exact aggregates across all stored cohort outcomes; sampled trade details never supply these totals. Includes tests with failed or unknown entry-filter status; this does not establish live entry eligibility.

Recorded processing is complete for this ticker's requested scope. This does not mean every quote is available or the full stock universe is complete.

52 recorded missing-test entries for the selected day and exit; absence of a recorded gap does not prove that a test was performed.

Daily pricing context

Daily pricing update pending

Latest quote 2026-10-29; the latest completed session is 2026-10-30.

Current ATM IV
Unavailable
Quote Oct 29, 2026
Historical median IV
Unavailable
0 events · T−11
IV versus matched history
Unavailable
Near-term ATM, same earnings offset
Implied move to option expiry
Unavailable
Waiting for current event quotes

A cheap IV label alone does not establish a profitable trade. Daily quotes are updated after a completed market session; confirm execution prices with your broker.

Prepare your trade

Current pricing and risk

Review the contracts, capital at risk and intended exit before choosing an entry.

Watch / current pricing unavailable

Fresh option quotes for this earnings event are needed before planning current legs. Historical strategy comparisons remain available above.

My upcoming earnings