Pharma & Tech Earnings Dominate; High-IV Week Ahead

Today brings 10 major reporters headlined by $LLY (BMO), $DIS (BMO), $UBER (BMO), and $WDC (AMC). LLY's 6.3% YoY growth and $1.08T market cap make it the headline act; watch for guidance on GLP-1 momentum. Disney and Uber both show solid YoY expansion (17.4% and 31.8%), while $WDC (114.6% YoY) and $SNDK (extraordinary 166k% YoY) represent hardware recovery narratives—though SNDK's metric warrants verification. The week ahead features elevated IV across smaller-cap plays: $EROC (235% IV, reporting 8/11) and $TRLIV (178% IV, 8/7) are extreme vol setups; $QNT, $FAC, and $LFTO round out the high-IV cluster. No major post-earnings pops or drops reported in the last 3 days. Congressional activity remains minimal—only two minor transactions flagged (Cohen buying $SONY, Sessions selling $ARCC), neither material to today's flow.

Key callouts

$LLY BMO Call

$1.08T pharma giant reporting at market open with 6.3% YoY growth and $6.71 EPS estimate. Key watch: GLP-1 pipeline updates and full-year guidance given competitive dynamics.

$WDC AMC Setup

$WDC posts 114.6% YoY growth tonight after close; storage sector recovery play with $3.24 EPS target. Hardware rebound narrative intact if guidance holds.

$EROC High-IV Tail

Reporting 8/11 with 235% IV and 40.4% expected move—extreme tail risk. Suitable for premium-seller strategies or defined-risk spreads only; avoid naked directional bets.

$TRLIV Cannabis Vol

Reports Thursday (8/7) with 178% IV and 30.6% EM. Regulatory uncertainty + earnings volatility = straddle/strangle territory; liquidity may be tight on wide swings.

$UBER & $DIS Duet

Both report BMO with healthy YoY beats (31.8% and 17.4%). Watch for streaming guidance ($DIS) and ridership/UberEats mix ($UBER) as key post-earnings catalysts.

Past briefings

Tue, Aug 4

Tech & Industrial Earnings Collision: AMD, CAT, SPCX Lead Volatile Tuesday

Mon, Aug 3

Tech & Energy Lead 10-Stock Earnings Day; High-IV Week Ahead

Sun, Aug 2

1,626 earnings this week; extreme IV setups dominate.

Sat, Aug 1

No earnings today; 1,626 reports flood week ahead.

Fri, Jul 31

Energy majors report today; watch for IV crush in biotech week ahead

Thu, Jul 30

Mega-cap earnings dominate; watch SHEL's 113% YoY jump.

Wed, Jul 29

Mega-cap tech earnings dominate; watch $MSFT, $META, $QCOM for guidance shifts

Tue, Jul 28

Blue-chip earnings dominate; watch mega-cap volatility at open.

Mon, Jul 27

Ten reporters hit today; NUE leads with 76% YoY growth.

Sun, Jul 26

BKR earnings Sunday; extreme IV setups dominate week ahead.

Sat, Jul 25

966 earnings this week; extreme IV in small-caps signals volatility ahead

Fri, Jul 24

Mega-cap Friday: $AXP, $VZ, $NEE lead 10-stock earnings sprint

Thu, Jul 23

Intel and SAP earnings bookend volatile Thursday; RTX, TMO lead BMO slate

Wed, Jul 22

Tech Titans Report Today; Mega-Cap Earnings Dominate