STKd 100% Bitcoin & 100% Gold ETF (BTGD) Expected Move
Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.
STKd 100% Bitcoin & 100% Gold ETF (BTGD) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $42.5M, listed on NASDAQ, carrying a beta of 1.67 to the broader market. The Quantify Funds STKd 100% Bitcoin & 100% Gold ETF offers long-term capital appreciation by investing in two complementary investment strategies; a Bitcoin strategy and a gold strategy. public since 2024-10-16.
Snapshot as of May 15, 2026.
- Spot Price
- $30.55
- Expected Move
- 11.8%
- Implied High
- $34.17
- Implied Low
- $26.93
- Front DTE
- 34 days
As of May 15, 2026, STKd 100% Bitcoin & 100% Gold ETF (BTGD) has an expected move of 11.84%, a one-standard-deviation implied price range of roughly $26.93 to $34.17 from the current $30.55. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.
BTGD Strategy Sizing to the Expected Move
With STKd 100% Bitcoin & 100% Gold ETF pricing an expected move of 11.84% from $30.55, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for BTGD derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $30.55 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.
| Expiration | DTE | ATM IV | Expected Move | Implied High | Implied Low |
|---|---|---|---|---|---|
| Jun 18, 2026 | 34 | 41.3% | 12.6% | $34.40 | $26.70 |
| Jul 17, 2026 | 63 | 45.2% | 18.8% | $36.29 | $24.81 |
| Aug 21, 2026 | 98 | 46.1% | 23.9% | $37.85 | $23.25 |
| Nov 20, 2026 | 189 | 51.4% | 37.0% | $41.85 | $19.25 |
Frequently asked BTGD expected move questions
- What is the current BTGD expected move?
- As of May 15, 2026, STKd 100% Bitcoin & 100% Gold ETF (BTGD) has an expected move of 11.84% over the next 34 days, implying a one-standard-deviation price range of $26.93 to $34.17 from the current $30.55. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the BTGD expected move mean for traders?
- Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
- How is BTGD expected move calculated?
- The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.