CPB Moves

The Campbell's Company Common Stock CPB 23.43 0.17 0.73%

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Expected move

November 05, 2026 close · $23.43

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±1.7% ±$0.40	$23.02 – $23.83	$22.94 – $23.91	$22.56 – $24.29
2 sessions	±2.4% ±$0.55	$22.87 – $23.98	$22.75 – $24.10	$22.22 – $24.63
3 sessions	±3.0% ±$0.70	$22.72 – $24.13	$22.58 – $24.27	$21.92 – $24.93
1 week	±3.8% ±$0.89	$22.53 – $24.32	$22.33 – $24.52	$21.52 – $25.33
2 weeks	±5.4% ±$1.25	$22.17 – $24.68	$21.87 – $24.98	$20.74 – $26.11
3 weeks	±6.7% ±$1.55	$21.87 – $24.98	$21.49 – $25.36	$20.13 – $26.72
1 month	±7.9% ±$1.86	$21.57 – $25.28	$21.11 – $25.74	$19.49 – $27.36

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. CPB reports in 22 sessions; only the horizons marked Earnings include its jump. Draw the cone on the chart →

Volatility premium

Beta

The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move

±5.61%

Average actual move

4.13%

Beyond the implied move

3 / 6

Median IV change

-32.92%

Reaction session	Implied	Actual	Used	ATM IV before → after
September 03, 2026	±5.36%	-6.96%	1.30×	—
June 08, 2026	±6.57%	-0.88%	0.13×	—
September 03, 2025	±5.48%	+7.22%	1.32×	—
June 02, 2025	±6.17%	+0.62%	0.10×	44.6% → 30.9%
March 05, 2025	±5.76%	-2.85%	0.49×	40.1% → 26.0%
December 04, 2024	±4.28%	-6.24%	1.46×	—

Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →