Options traders are bracing for a volatile mid-week earnings slate that includes Target, Lowe’s, TJX, Estee Lauder and Analog Devices. Pricing in the August 22 weekly straddles shows implied moves ranging from 3% to 12% when the companies release quarterly results before the market opens on 20 August. The sharpest swing is expected in Estee Lauder, where a $91 straddle points to a 12% post-earnings move. Target’s $105 contracts imply a 9% change with a slight bias toward calls, while Lowe’s $250 straddle signals a 4.5% move and a heavier tilt toward puts. Analog Devices and TJX straddles suggest 6% and 3% moves respectively; both show more puts than calls. The earnings arrive as investors assess how inflation and the newly effective 145% tariff on Chinese goods are filtering through to U.S. consumer demand and corporate margins. Analysts say Walmart, reporting a day later, may strike a cautious tone after a year of outperformance, while Target is under pressure to revive traffic and shrinkage-hit profits. Lowe’s is banking on cost controls to counter housing-market softness, and Analog Devices faces cyclical uncertainty in semiconductors. The options market’s pricing underscores the high stakes for the sector.