Options Analytics

Expected Move

Market-implied ±1σ and ±2σ ranges for TSLA

Expiration Date DTE Price~ Expected Move Expected Move% Upper Bound Lower Bound Implied Volatility
03/11/26 (Wed) 2 397.9 9.48 2.38% 407.38 388.42 46.89%
03/13/26 (Fri) 4 397.9 13.05 3.28% 410.95 384.85 45.87%
03/16/26 (Mon) 7 397.9 15.13 3.8% 413.03 382.77 40.31%
03/18/26 (Wed) 9 397.9 18.3 4.6% 416.2 379.6 42.93%
03/20/26 (Fri) 11 397.9 20.87 5.24% 418.77 377.03 44.17%
03/27/26 (Fri) 18 397.9 26.12 6.56% 424.02 371.78 43.16%
04/02/26 (Thu) 24 397.9 30.54 7.67% 428.44 367.36 43.7%
04/10/26 (Fri) 32 397.9 35.0 8.8% 432.9 362.9 43.55%
04/17/26 (Fri) 39 397.9 38.72 9.73% 436.62 359.18 43.54%
04/24/26 (Fri) 46 397.9 45.35 11.4% 443.25 352.55 47.14%
05/15/26 (Fri) 67 397.9 54.36 13.66% 452.26 343.54 46.85%
06/18/26 (Thu) 101 397.9 66.13 16.62% 464.03 331.77 46.51%
07/17/26 (Fri) 130 397.9 75.29 18.92% 473.19 322.61 46.73%
08/21/26 (Fri) 165 397.9 87.44 21.98% 485.34 310.46 48.24%
09/18/26 (Fri) 193 397.9 94.58 23.77% 492.48 303.32 48.3%
11/20/26 (Fri) 256 397.9 110.95 27.88% 508.85 286.95 49.38%
12/18/26 (Fri) 284 397.9 116.62 29.31% 514.52 281.28 49.34%
01/15/27 (Fri) 312 397.9 122.19 30.71% 520.09 275.71 49.38%
03/19/27 (Fri) 375 397.9 135.38 34.02% 533.28 262.52 50.08%
06/17/27 (Thu) 465 397.9 151.6 38.1% 549.5 246.3 50.57%
12/17/27 (Fri) 648 397.9 179.71 45.16% 577.61 218.19 51.29%
01/21/28 (Fri) 683 397.9 183.79 46.19% 581.69 214.11 51.21%
12/15/28 (Fri) 1012 397.9 219.62 55.19% 617.52 178.28 51.05%

Understanding Expected Move

What is the Expected Move?

The expected move is the price range that options traders believe an asset will stay within by a specific expiration date. It is calculated using the prices of at-the-money options (straddles) and represents a one-standard-deviation (±1σ) probability, which is approximately 68%.

How to interpret the outputs

The chart visualizes the potential price range (the “cone”) for the asset over time, with both one-standard-deviation (±1σ) and two-standard-deviation (±2σ, ~95% probability) boundaries. The table below quantifies this, showing the expected move in both points and as a percentage for each upcoming expiration. This lets you see exactly how much volatility the market is pricing in for different time horizons.

Practical applications

  • Set realistic price targets for trades based on market-implied probabilities.
  • Determine optimal strike prices for spreads, condors, or straddles.
  • Compare your thesis with the market’s implied consensus to judge risk/reward.
  • Spot when expectations for volatility are unusually high or low versus history.