Roundhill Memory ETF (DRAM) 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.
Snapshot as of May 8, 2026.
- Spot Price
- $52.52
- Expected Move
- 26.7%
- Implied High
- $66.54
- Implied Low
- $38.50
- Front DTE
- 28 days
As of May 8, 2026, Roundhill Memory ETF (DRAM) has an expected move of 26.70%, a one-standard-deviation implied price range of roughly $38.50 to $66.54 from the current $52.52. 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.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for DRAM derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $52.52 × (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 |
|---|---|---|---|---|---|
| May 15, 2026 | 7 | 97.7% | 13.5% | $59.63 | $45.41 |
| May 22, 2026 | 14 | 100.0% | 19.6% | $62.81 | $42.23 |
| May 29, 2026 | 21 | 94.8% | 22.7% | $64.46 | $40.58 |
| Jun 5, 2026 | 28 | 93.4% | 25.9% | $66.11 | $38.93 |
| Jun 12, 2026 | 35 | 92.6% | 28.7% | $67.58 | $37.46 |
| Jun 18, 2026 | 41 | 91.1% | 30.5% | $68.56 | $36.48 |
| Jun 26, 2026 | 49 | 89.3% | 32.7% | $69.70 | $35.34 |
| Sep 18, 2026 | 133 | 84.4% | 50.9% | $79.28 | $25.76 |
| Dec 18, 2026 | 224 | 82.0% | 64.2% | $86.26 | $18.78 |
| Jan 15, 2027 | 252 | 81.1% | 67.4% | $87.91 | $17.13 |
| Jun 17, 2027 | 405 | 79.2% | 83.4% | $96.34 | $8.70 |
| Jan 21, 2028 | 623 | 77.9% | 101.8% | $105.97 | $-0.93 |
Frequently asked DRAM expected move questions
- What is the current DRAM expected move?
- As of May 8, 2026, Roundhill Memory ETF (DRAM) has an expected move of 26.70% over the next 28 days, implying a one-standard-deviation price range of $38.50 to $66.54 from the current $52.52. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the DRAM 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 DRAM 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.