Anne Hathaway’s acclaimed turn as Penelope in Christopher Nolan’s The Odyssey has quickly positioned her as the clear frontrunner for a Best Supporting Actress nomination at the 2027 Oscars, fueled by the film’s critical and commercial strength and early awards momentum. Penélope Cruz in The Invite and Samantha Morton, also from The Odyssey, follow closely in most predictor rankings, reflecting the category’s emphasis on standout supporting roles from high-profile releases. Sandra Hüller, Tao Okamoto in All of a Sudden, and Kate O’Flynn in Tender Loving Care round out the leading contenders amid a competitive field. Traders should watch upcoming precursors, including guild nominations and critics’ awards, which often shape Academy voter sentiment ahead of nominations voting in mid-January.