Earnings Whiplash Map · Weekly Scan · Public preview

10 earnings setups · 0 flagged as asymmetric

Scan day · Saturday, August 22, 2026

The Aug 24–28 earnings week carries 63 names in the scan window, headlined by NVDA on Wednesday after the close alongside CRM, CRWD, OKTA, MRVL, and a heavy consumer-discretionary slate (FIVE, BBWI, AFRM, GAP, ULTA, ANF, KSS, DKS, BURL, DG). The scan flags ZERO asymmetric long-vol setups this week — every single ticker with a usable 8-to-10-quarter history is pricing implied vol AT OR ABOVE historical realized. IREN's straddle implies ~13.9% vs 9.6% median realized; OKTA implies 13.0% vs 8.6%; ESTC prices in 17.2% vs 7.8%; AFRM implies 11.6% vs 6.1%; CRWD 8.8% vs 4.6%; even NVDA sits at 6.1% implied against just 1.4% median realized over 10 quarters. This is a textbook premium-selling regime heading into the print — the tape is bid, dealers are marking up gamma, and the historical distribution simply doesn't support the vol being paid. Rather than force three flags to fill the slot, we're going FLAT on flags this week and calling the regime what it is: better-positioned for iron condors and short strangles at the wings than long straddles at the money. The Sunday brief should lean short-vol tone, with NVDA as the marquee (marquee doesn't mean flagged — it means unavoidable in a weekly earnings piece).

Headline pick — fully revealed

IREN

Iris Energy Ltd.

Information Technology

EarningsThu, Aug 27 AMC

Implied move13.9%

Historical avg9.6%

IV − HV gap+4.4%

Thesis

Bitcoin-miner-turned-HPC-compute play has printed the largest median post-earnings move in the clean universe, though the sample is only 4 quarters. Story is bifurcated: hash-price economics on one side, AI/HPC contract wins on the other. Report will be judged on gigawatt build-out cadence, contract revenue mix, and BTC-mining efficiency. Straddle prices in ~14% versus 9.6% median realized — vol is bid but not egregious for a name where the narrative can flip on one contract announcement.

9 more setups on this scan · members-only

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IREN

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