Skydance (SKYD) is set to report its fiscal Q3 results after the closing bell on Nov. 9, with Wall Street expecting the media conglomerate to report $0.11 in earnings per share (EPS). That would represent material growth from the $0.06 a share SKYD earned in the comparable quarter last year, which explains the bullish options market sentiment heading into the quarterly print.
At the time of writing, Skydance stock is trading nearly 40% below its price at the start of 2026.
Options Data Points to a Post-Earnings Rally in SKYD Shares
Barchart data shows the put-to-call ratio on SKYD options contracts expiring Nov. 13 is set at 0.49x as of this writing. This means that call volume currently outweighs put volume, suggesting traders are positioning more aggressively for upside than downside after the earnings event.
A ratio below 1.00x is generally viewed as constructive, and a reading under 0.5x points to particularly strong demand for upside exposure.
The same options contracts have the upper price set at $8.59, representing potential for an 8.36% post-earnings rally. Note that Skydance shares currently pay a healthy dividend yield of 2.49% as well.
What Else Makes Skydance Stock Worth Buying Today
The bullish options market sentiment for SKYD stock is reinforced by recent insider activity. Company executives have been net buyers of shares in recent months, which may be interpreted as a vote of confidence in what the future holds for Skydance.
While insider buying does not guarantee a share price rally ahead, it often reflects management’s belief that the stock is attractively valued or that operational momentum remains intact. Skydance is currently trading at less than 1x sales, which makes it significantly cheaper to own than rivals including Netflix (NFLX) and Disney (DIS).
All in all, with earnings forecast to improve, insiders accumulating shares, and options sentiment heavily favoring calls over puts, the data points to a constructive setup heading into the company's earnings release.
How Wall Street Recommends Playing Skydance
Wall Street analysts also expect SKYD shares to rip higher in the months ahead. While the consensus rating on Skydance remains at “Hold” only, the mean price target of about $9.65 suggests meaningful upside potential from here.
On the date of publication, Wajeeh Khan did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.