ProShares - Ultra Industrials (UXI) 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.
ProShares - Ultra Industrials (UXI) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $31.7M, listed on AMEX, carrying a beta of 2.13 to the broader market. ProShares Ultra Industrials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Industrials Select SectorSM Index. public since 2007-02-02.
Snapshot as of May 15, 2026.
- Spot Price
- $54.82
- Expected Move
- 11.8%
- Implied High
- $61.31
- Implied Low
- $48.33
- Front DTE
- 34 days
As of May 15, 2026, ProShares - Ultra Industrials (UXI) has an expected move of 11.84%, a one-standard-deviation implied price range of roughly $48.33 to $61.31 from the current $54.82. 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.
UXI Strategy Sizing to the Expected Move
With ProShares - Ultra Industrials pricing an expected move of 11.84% from $54.82, 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 UXI derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $54.82 × (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 | 41.3% | 12.6% | $61.73 | $47.91 |
| Jul 17, 2026 | 63 | 42.5% | 17.7% | $64.50 | $45.14 |
| Oct 16, 2026 | 154 | 43.5% | 28.3% | $70.31 | $39.33 |
| Jan 15, 2027 | 245 | 43.6% | 35.7% | $74.40 | $35.24 |
Frequently asked UXI expected move questions
- What is the current UXI expected move?
- As of May 15, 2026, ProShares - Ultra Industrials (UXI) has an expected move of 11.84% over the next 34 days, implying a one-standard-deviation price range of $48.33 to $61.31 from the current $54.82. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the UXI 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 UXI 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.