iShares S&P Small-Cap 600 Growth ETF (IJT) 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.
iShares S&P Small-Cap 600 Growth ETF (IJT) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $7.21B, listed on NASDAQ, carrying a beta of 1.18 to the broader market. The iShares S&P Small-Cap 600 Growth ETF seeks to track the investment results of an index composed of small-capitalization U. public since 2000-07-28.
Snapshot as of May 15, 2026.
- Spot Price
- $158.82
- Expected Move
- 6.7%
- Implied High
- $169.38
- Implied Low
- $148.26
- Front DTE
- 34 days
As of May 15, 2026, iShares S&P Small-Cap 600 Growth ETF (IJT) has an expected move of 6.65%, a one-standard-deviation implied price range of roughly $148.26 to $169.38 from the current $158.82. 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.
IJT Strategy Sizing to the Expected Move
With iShares S&P Small-Cap 600 Growth ETF pricing an expected move of 6.65% from $158.82, 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 IJT derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $158.82 × (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 | 23.2% | 7.1% | $170.07 | $147.57 |
| Jul 17, 2026 | 63 | 22.2% | 9.2% | $173.47 | $144.17 |
| Oct 16, 2026 | 154 | 22.5% | 14.6% | $182.03 | $135.61 |
| Jan 15, 2027 | 245 | 22.8% | 18.7% | $188.49 | $129.15 |
Frequently asked IJT expected move questions
- What is the current IJT expected move?
- As of May 15, 2026, iShares S&P Small-Cap 600 Growth ETF (IJT) has an expected move of 6.65% over the next 34 days, implying a one-standard-deviation price range of $148.26 to $169.38 from the current $158.82. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the IJT 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 IJT 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.