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Why this page exists: AWRE has no documented material pre-announcement habit — the edge here is the earnings-cycle statistics themselves (drift, gap, reaction, follow-through) and how they vary by regime. This page measures every earnings cycle — drift into the report, the gap, the reaction, the follow-through — alongside the NVDA / SPY / VIX regime it happened in, and uses the documented pre-announcement history to project when the next pre-announcement is most likely to land. All numbers are computed from real daily prices, real earnings dates, our own ATM-straddle expected moves and stored option chains, and a curated registry of real press releases. Nothing is simulated.

Next earnings & predicted pre-announcement window

Wednesday, July 29, 2026
Next confirmed AWRE earnings date (source: exchange calendar).

Current regime & edge read

As of 2026-07-24: NVDA Strong Down (nan% 20d), SPY Strong Down (nan%), SOX Mild Down, VIX 18.7 (Medium (15-25)).
EdgeScore -0.17 (Neutral / Mixed)
ComponentCurrent bucketHist. mean reactionN
NVDA regimeStrong Down expl.+2.1%1
VIX levelMedium (15-25) expl.-3.6%4
EdgeScore = mean of the matching buckets' historical mean earnings reactions, normalized by the average absolute reaction (±1 cap). Transparent and purely historical — not a prediction model.
Cycles
7
Avg reaction
-3.3%
Median reaction
-1.8%
Avg |move|
4.6%
Up rate
29%
Avg drift T-20
-0.3%
Event-window statistics (all cycles)
WindowNMeanMedianStdMin / MaxWin%
Drift T-20 → report7-0.3%-2.6%6.6-7.0% / +14.2%43%
Drift T-5 → report7+0.9%+1.8%3.0-4.5% / +5.1%57%
Overnight gap7+2.3%+0.9%4.1-0.5% / +12.1%86%
Reaction day (close→close)7-3.3%-1.8%5.2-12.9% / +2.4%29%
Follow-through +5d7-5.0%-1.4%7.7-17.9% / +5.2%29%
Follow-through +20d7-2.2%-4.8%10.1-16.2% / +14.2%43%
Max favorable excursion (20d)7+6.7%+5.9%3.1+3.0% / +12.1%100%
Max adverse excursion (20d)7-14.9%-14.5%7.6-29.0% / -4.0%0%
Reaction by regime & calendar

Reaction by report weekday

BucketNMeanMedianStdWin%
Tuesday n<105-2.0%-1.8%3.940%
Thursday n<102-6.5%-6.5%6.50%

Reaction by NVDA 20-day regime

BucketNMeanMedianStdWin%
Mild Down n<101+2.4%+2.4%0.0100%
Strong Down n<101+2.1%+2.1%0.0100%
Sideways n<102-4.4%-4.4%2.60%
Strong Up n<101-5.8%-5.8%0.00%
Mild Up n<102-6.5%-6.5%6.50%

Reaction by VIX level

BucketNMeanMedianStdWin%
High (>25) n<103-2.8%+2.1%7.167%
Medium (15-25) n<104-3.6%-3.8%2.90%

Drift T-20 by NVDA regime

BucketNMeanMedianStdWin%
Mild Down n<101+14.2%+14.2%0.0100%
Mild Up n<102+1.4%+1.4%0.3100%
Sideways n<102-3.5%-3.5%1.00%
Strong Up n<101-5.0%-5.0%0.00%
Strong Down n<101-7.0%-7.0%0.00%
Documented pre-announcements
No documented pre-announcements in the registry.
Expected move vs actual (our nightly ATM data)
No earnings cycles inside our options DB coverage yet.
Options strategy P&L — priced from our own chains
No earnings cycles inside our chain coverage window yet — this section fills in automatically as coverage grows.
Every earnings cycle
ReportPreDrift20GapReact+5d+20dMFEMAEHV20NVDA / VIXSurprise
2023-05-02
Tuesday
-4.5%+0.6%-1.8%+0.6%-4.8%+3.0%-10.7%45%Sideways / Medium (15-25)+22%
2023-03-09
Thursday
+1.8%+12.1%0.0%+5.2%+8.1%+12.1%-4.0%38%Mild Up / Medium (15-25)+43%
2022-10-27
Thursday
1+1.1%-0.5%-12.9%-17.9%+14.2%+7.5%-29.0%63%Mild Up / High (>25)+250%
2022-07-26
Tuesday
-2.6%+0.9%-7.0%-0.9%+1.9%+9.7%-14.5%34%Sideways / Medium (15-25)--
2022-04-26
Tuesday
-7.0%+1.1%+2.1%-6.6%-5.9%+4.6%-10.0%47%Strong Down / High (>25)+33%
2022-03-01
Tuesday
2+14.2%+1.2%+2.4%-13.9%-12.5%+5.9%-14.8%85%Mild Down / High (>25)+40%
2021-10-26
Tuesday
-5.0%+0.5%-5.8%-1.4%-16.2%+4.0%-21.3%33%Strong Up / Medium (15-25)+30%
Methodology: reaction day = first trading day after the report (AMC assumed). Regimes are 20-trading-day returns (NVDA/SPY/SOX) and VIX close on the report date. Historical implied volatility before our options-DB coverage window (Nov 2025) is NOT reconstructed — realized volatility (HV20) is shown instead. Options strategy P&L and IV crush are priced from OUR OWN stored option chains (one row per contract per pull) for every cycle inside coverage; both sections grow automatically each quarter. Buckets with n<10 are exploratory. Correlation is not causation; small samples dominate the pre-announcement analysis. Pre-announcement registry: screeners/earnings_analysis/preannouncements_AWRE.json.
Automated, data-driven · educational only · not financial advice.