The Earnings Wheel — November 10, 2026

Start with the calendar

Good morning. Before any put, covered call, or wheel discussion, look at the week. Inflation prints and earnings releases change option prices through implied volatility. If you skip the calendar, you leave those changes out of the decision.

This letter is education from EarningsWheel.com. The goal is clear decisions and clear risks. No promised income. When a premium is shown as a paper-trade illustration, it is labeled that way and is not a fill. When a bid and ask come from a public chain, they are delayed quotes, not an order ticket.

This week's calendar (Central Time)

Eastern release times converted to America/Chicago. Stocks usually trade on Veterans Day; the bond market is typically closed.

Treat the table as a watch list. A reporting date tells you when uncertainty lands. It does not tell you which strike to sell.

Monday's closes

Prices below are regular-session closes on Monday, Nov 9, 2026, from Yahoo Finance pages opened for this letter. They are not Tuesday opening prints and are not executable tickets for Tuesday morning.

CoreWeave reports Tuesday

CoreWeave's investor-relations release sets the Q3 2026 conference call for Tuesday, Nov 10, 2026, at 5:00 p.m. Eastern (4:00 p.m. Central), with a webcast at investors.coreweave.com. For option sellers, the practical point is simple: short-dated premium can look rich into an AI-infrastructure print, and the gap after the call can be large in either direction.

Paper-trade approach for CRWV, without quoting a live chain: if you are willing to own 100 shares, define the cash-secured put strike first, then size the cash so one assignment does not break the plan. If you already own shares and want to sell a covered call, choose a strike you can live with if the shares are called away. No live option-chain pricing is quoted here for CRWV; check your broker for executable prices.

Cisco Thursday: guidance and paper-trade setups

Cisco's IR release schedules Q1 FY2027 results after the close on Thursday, Nov 12, with the call at 1:30 p.m. Pacific / 4:30 p.m. Eastern (3:30 p.m. Central). In its Aug 12, 2026 Q4 FY2026 earnings release, Cisco guided Q1 FY2027 revenue to $18.0–$18.2 billion, GAAP EPS to $1.08–$1.10, and non-GAAP EPS to $1.32–$1.34. Those are the company's published ranges to measure Thursday against—not street consensus invented here.

Delayed Yahoo Finance option chain for CSCO, as of the Nov 9 evening page for the Friday Nov 13, 2026 weekly expiration (contract root CSCO261113), with the stock at the $98.65 close:

Paper-trade cash-secured put (educational only, not a fill): sell one Nov 13 $95 put. Cash to secure is $9,500. Using a midpoint illustration of $2.55 between the $2.22–$2.88 bid-ask, premium would be $255, or 2.68% of the $9,500 cash for the short holding period before fees. Breakeven if assigned would be $92.45. If the stock went to zero after assignment, the loss would be about $9,245 after that premium. Assignment can occur at expiration; early assignment is also possible. Simplified math excludes commissions, fees, taxes, and price improvement.

This hypothetical example uses a delayed quote midpoint, not an actual fill. The $255 premium equals 2.68% of $9,500 cash collateral—not guaranteed profit. Holding through November 13 spans Cisco’s November 12 earnings and Friday’s PPI release. If assigned shares were worth $85 at expiration, the position would show a $745 loss before fees, after accounting for the premium.

Paper-trade covered call (educational only): if you already owned 100 shares near the $98.65 close ($9,865 stock cost), selling the Nov 13 $100 call at a midpoint illustration of $3.825 between the $3.65–$4.00 bid-ask would collect about $383, or 3.88% of that stock cost for the holding period before fees. Breakeven on the shares after the premium would be about $94.83. Upside is capped near $100 plus the premium if called away. These percentages are not annualized.

Applied Materials Thursday

Applied Materials schedules its fiscal Q4 2026 earnings call for Thursday, Nov 12, at 4:30 p.m. Eastern (3:30 p.m. Central). In its Aug 13, 2026 Q3 release, Applied guided Q4 FY2026 total revenue to about $10.25 billion ± $500 million and non-GAAP diluted EPS to about $4.02 ± $0.20. That is the published bar for Thursday's report.

AMAT closed Monday at $370.55 on Yahoo Finance after an 11.37% session. For option sellers into the print: define whether you want stock ownership risk first. A cash-secured put only fits if you will buy 100 shares at the strike with cash already set aside. A covered call only fits if you accept capped upside. No live option-chain pricing is quoted here for AMAT; check your broker for executable prices.

One risk rule

Never sell a cash-secured put unless you are ready to own 100 shares at the strike with the cash already reserved. On an inflation and earnings week, assume gaps can be larger than quiet sessions. If one assignment would force you to scramble, the put is too big.

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Disclaimer

The Earnings Wheel is educational content from EarningsWheel.com by Chuck Thornton. It is not individualized investment advice, not a solicitation, and not a recommendation to buy or sell any security or option. Options involve substantial risk and are not suitable for everyone. Past results do not guarantee future outcomes. Verify every date on the issuer's investor-relations page and every premium on your own broker's live chain before you act. Chuck Thornton and The Earnings Wheel do not place trades for readers.