Prepare before earnings
ZIM · ZIM Integrated Shipping Services Ltd. Ordinary Shares
Reports in 20 days · Nov 19, 2026 · Before open (BMO)
Quote as of Oct 29, 2026 · Entry today: T−20 · New York calendar dates
Prepare your earnings trade
T−20 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−20 (Oct 30, 2026). Every entry day uses its own historical contracts and quotes. Latest quote date: Oct 29, 2026 (T−21).
Nov 18, 2020 – Aug 19, 2026 · percentage return on modeled maximum loss · dollar P&L per one-lot structure. Samples can differ between strategies.
Current trade examples use today's verified event and latest completed-session quotes. Changing the historical entry day does not change the displayed contracts. Exit controls also check whether the legs can support that exit.
| Strategy | Average return | Median return | Historical win rate | Earnings tested | Average P&L | Worst observed | Current trade example |
|---|---|---|---|---|---|---|---|
| -14.7%16 valid ROI tests | -8.5% | 31.3%5 / 16 profitable | 16 earnings16 valid tests | -$10.13 | -79.2%-$70.60 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| 12.5%17 valid ROI tests | 5.7% | 70.6%12 / 17 profitable | 17 earnings17 valid tests | $10.96 | -42.3%-$35.10 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| 58.2%15 valid ROI tests | 36.1% | 80.0%12 / 15 profitable | 15 earnings15 valid tests | $36.43 | -91.3%-$51.60 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| -9.9%17 valid ROI tests | -11.4% | 47.1%8 / 17 profitable | 17 earnings17 valid tests | $1.27 | -82.8%-$68.70 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| Near-term expiry · nearest 0.90 delta | 24.7%19 valid ROI tests | 21.3% | 57.9%11 / 19 profitable | 19 earnings19 valid tests | $147.94 | -47.9%-$237.30 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 |
| 3.4%19 valid ROI tests | -11.0% | 21.1%4 / 19 profitable | 19 earnings19 valid tests | -$17.52 | -61.7%-$237.60 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| -2.3%19 valid ROI tests | -27.3% | 10.5%2 / 19 profitable | 19 earnings19 valid tests | -$18.63 | -92.6%-$155.10 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| Unlimited risk · ROI unavailable | Unlimited risk · ROI unavailable | 78.9%15 / 19 profitable | 19 earnings19 valid tests | $12.32 | Unlimited risk · ROI unavailable-$390.10 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. Last quote session: Oct 29, 2026 | |
| Unlimited risk · ROI unavailable | Unlimited risk · ROI unavailable | 84.2%16 / 19 profitable | 19 earnings19 valid tests | $13.43 | Unlimited risk · ROI unavailable-$321.60 | Current trade example · T−20 Unavailable · Current examples are awaiting a verified daily refresh. Historical results remain available. 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−20 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
| Strategy | 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 later pre-earnings close | |||||||||||||||||||||||||||
| Bull Put Spread | No later pre-earnings close | |||||||||||||||||||||||||||
| Calendar | No entry trading session | No entry trading session | No entry trading session | No later pre-earnings close | ||||||||||||||||||||||||
| Iron Condor | No later pre-earnings close | |||||||||||||||||||||||||||
| Long Call DITM (0.90 Delta) | No later pre-earnings close | |||||||||||||||||||||||||||
| Long Straddle | No later pre-earnings close | |||||||||||||||||||||||||||
| Long Strangle | No later pre-earnings close | |||||||||||||||||||||||||||
| Short Straddle | No later pre-earnings close | |||||||||||||||||||||||||||
| Short Strangle | No 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.
13 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−21
- 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.
Fresh option quotes for this earnings event are needed before planning current legs. Historical strategy comparisons remain available above.