10 earnings setups · 0 flagged as asymmetric
The forward calendar covering June 22-26, 2026 surfaced 21 reporters, of which the top 10 by historical realized post-earnings move are ranked below. ZERO names qualify as asymmetric long-vol setups this week — every qualifying ticker's front-month straddle is pricing AT or ABOVE its eight-quarter median absolute post-earnings move. This is a clean premium-selling regime read: when implied is universally rich vs realized, the edge sits on the short side (defined-risk iron condors, credit spreads, calendar diagonals), not on long straddles. We flagged zero names rather than force a pick into the slot.
The marquee print is Micron (MU) Tuesday after the close — the straddle implies 14.2% vs a 7.6% eight-quarter realized median, an unusually wide gap that prices in another guidance-revision tail. FedEx (FDX) Tuesday after the close is the most overpaid in absolute terms (7.8% implied vs 0.9% realized — an 8x multiple), but FDX has under-realized so consistently that selling its premium is itself a crowded trade. Daktronics (DAKT) Wednesday before the open leads the historical-mover ranking with a 12.6% median absolute move and 8 of 10 prior prints moving more than 8% — its straddle prices 16.6%, the tightest IV-to-HV ratio in the qualifying universe but still ~4pp positive. McCormick (MKC), General Mills (GIS), and KB Home (KBH) round out the names where short-strangle setups look statistically defensible if you can stomach the basis risk.
DAKT
Daktronics, Inc.Daktronics owns the highest realized post-earnings volatility in this week's universe — 8 of its last 10 prints moved more than 8% (median 12.6%, max 21.8%). The driver is structural: small-cap LED display orders are lumpy and customer-concentrated, so each quarter re-rates the next-year backlog narrative. The straddle prices 16.6%, only ~4pp of premium over realized — the tightest IV/HV gap in the scan, but still positive, so the long-vol case doesn't clear the asymmetric bar.