Anne Hathaway’s early frontrunner status for *The Odyssey* anchors trader sentiment at 37.5% implied probability, fueled by Christopher Nolan’s prestige project and Academy familiarity with blockbuster supporting turns. Penélope Cruz’s dual-film push in *The Invite* and *La Bola Negra* follows at 15%, reflecting established name recognition and A24 momentum. A wide-open field features emerging names like Mariana di Girolamo and Betty Gilpin alongside veterans such as Sandra Hüller, with category placement decisions and fall festival screenings as key swing factors. No one has won both lead and supporting acting Oscars in one year, adding uncertainty to multi-nominee scenarios. Guild nominations and critics’ awards in early 2027 will clarify momentum before January nominations.