A sympathy play trades a stock that has no earnings — through another company's report.
When a reporter surprises, correlated peers reprice the same day: same sector, shared customers, a read-through.
Below: this week's 15 upcoming reporters and, for each, its strongest historically-correlated peer, from
30 quality-gated pairs. Nobody else measures this — EarningsWatcher counts every pair event by
event over ten years, throws out macro days and the peer's own earnings, and scores what survives. A handful of showcase
pairs below carry full free stats; every reporter links to its own free breakdown page. New to the idea? Start with
what a sympathy play is and how we measure it.
EarningsWatcher Research · Updated October 3, 2026 · Educational information, not investment advice
Key facts · cite as EarningsWatcher, October 3, 2026
WBD has moved in the same direction as TLRY's earnings reaction in 79% of 14 tracked reports, with a median same-day move of ±2.7% — ×2.6 its normal daily move (TLRY reports Oct 8).
EarningsWatcher's quality-gated sympathy board currently tracks 30 reporter→peer pairs across 15 upcoming earnings reporters; per-pair scores, straddle breakevens and historical beat rates are member data.
Top sympathy peer: AAL — same direction as DAL's earnings reaction in 75% of 36 past reports, typical same-day move ±2.4% (×1.4 its normal day).
+ 1 more scored peer: CAVA — scores and straddles for members
The board members trade from goes further for every pair: a 0–100 quality score, the peer's live ATM
straddle with a 1-day breakeven (what the move must beat by the reaction-day close), how often past events beat that
hurdle — from real historical option prices — direction splits, and the gap-vs-peak split (how much of the move is gone
by the open). Plus the top pairs surface as ready P0/P1/P2 ideas in Data Picks. The key advantage over trading the
reporter itself: the peer's options carry no event premium, so there is no IV crush to pay.
See member plans →
How to read this board
"Same direction" is the share of the reporter's past earnings days where the peer's close-to-close move had the same sign
as the reporter's reaction. Events on days the peer had its own earnings (±1 day) or the market moved more than 1.5% are
excluded, so the correlation is to the report, not the tape. Pairs must pass sample-size, hit-rate and amplification
gates to appear at all — most candidate pairs don't. History is not a prediction; sympathies weaken and invert.
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Trade the report without the IV crush
Scored pairs, live peer straddles with honest 1-day breakevens, historical beat rates from real option prices, and the week's best pairs delivered as picks.