Roundhill Investments - NVDA WeeklyPay ETF (NVDW) 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 - NVDA WeeklyPay ETF (NVDW) operates in the Financial Services sector, specifically the Financial - Capital Markets industry, with a market capitalization near $67.7M, listed on CBOE, carrying a beta of 2.36 to the broader market. The Roundhill NVDA WeeklyPay ETF (“NVDW”) is designed for investors seeking a combination of income and growth potential. public since 2025-02-19.
Snapshot as of May 15, 2026.
- Spot Price
- $44.17
- Expected Move
- 14.9%
- Implied High
- $50.74
- Implied Low
- $37.60
- Front DTE
- 34 days
As of May 15, 2026, Roundhill Investments - NVDA WeeklyPay ETF (NVDW) has an expected move of 14.88%, a one-standard-deviation implied price range of roughly $37.60 to $50.74 from the current $44.17. 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.
NVDW Strategy Sizing to the Expected Move
With Roundhill Investments - NVDA WeeklyPay ETF pricing an expected move of 14.88% from $44.17, 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 NVDW derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $44.17 × (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 | 51.9% | 15.8% | $51.17 | $37.17 |
| Jul 17, 2026 | 63 | 50.5% | 21.0% | $53.44 | $34.90 |
| Sep 18, 2026 | 126 | 47.3% | 27.8% | $56.45 | $31.89 |
| Dec 18, 2026 | 217 | 45.8% | 35.3% | $59.77 | $28.57 |
Frequently asked NVDW expected move questions
- What is the current NVDW expected move?
- As of May 15, 2026, Roundhill Investments - NVDA WeeklyPay ETF (NVDW) has an expected move of 14.88% over the next 34 days, implying a one-standard-deviation price range of $37.60 to $50.74 from the current $44.17. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the NVDW 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 NVDW 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.