Roundhill Investments - MSTR WeeklyPay ETF (MSTW) 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.
Roundhill Investments - MSTR WeeklyPay ETF (MSTW) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $29.4M, listed on CBOE, carrying a beta of 3.23 to the broader market. The Roundhill MSTR WeeklyPay ETF (“MSTW”) is designed for investors seeking a combination of income and growth potential. public since 2025-07-24.
Snapshot as of May 15, 2026.
- Spot Price
- $8.62
- Expected Move
- 22.2%
- Implied High
- $10.53
- Implied Low
- $6.71
- Front DTE
- 34 days
As of May 15, 2026, Roundhill Investments - MSTR WeeklyPay ETF (MSTW) has an expected move of 22.19%, a one-standard-deviation implied price range of roughly $6.71 to $10.53 from the current $8.62. 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.
MSTW Strategy Sizing to the Expected Move
With Roundhill Investments - MSTR WeeklyPay ETF pricing an expected move of 22.19% from $8.62, 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 MSTW derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $8.62 × (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 | 77.4% | 23.6% | $10.66 | $6.58 |
| Jul 17, 2026 | 63 | 105.0% | 43.6% | $12.38 | $4.86 |
| Aug 21, 2026 | 98 | 128.5% | 66.6% | $14.36 | $2.88 |
| Nov 20, 2026 | 189 | 137.8% | 99.2% | $17.17 | $0.07 |
Frequently asked MSTW expected move questions
- What is the current MSTW expected move?
- As of May 15, 2026, Roundhill Investments - MSTR WeeklyPay ETF (MSTW) has an expected move of 22.19% over the next 34 days, implying a one-standard-deviation price range of $6.71 to $10.53 from the current $8.62. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the MSTW 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 MSTW 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.