What is the current ADM expected move?

As of Aug 14, 2026, Archer-Daniels-Midland Company (ADM) has an expected move of 8.11% over the next 35 days, implying a one-standard-deviation price range of $73.82 to $86.86 from the current $80.34. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the ADM 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 ADM 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.

Archer-Daniels-Midland Company (ADM) 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.

Archer-Daniels-Midland Company (ADM) operates in the Consumer Defensive sector, specifically the Agricultural Farm Products industry, with a market capitalization near $38.43B, listed on NYSE, employing roughly 41,147 people, carrying a beta of 0.61 to the broader market. Archer-Daniels-Midland Company (ADM) stands as a major global enterprise in the agricultural sector, focused on the sourcing, transportation, storage, processing, and distribution of a wide array of agricultural commodities, finished goods, and essential ingredients. Led by Juan Ricardo Luciano, public since 1980-03-17.

Snapshot as of Aug 14, 2026.

Spot Price: $80.34
Expected Move: 8.1%
Implied High: $86.86
Implied Low: $73.82
Front DTE: 35 days

As of Aug 14, 2026, Archer-Daniels-Midland Company (ADM) has an expected move of 8.11%, a one-standard-deviation implied price range of roughly $73.82 to $86.86 from the current $80.34. 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.

ADM Strategy Sizing to the Expected Move

With Archer-Daniels-Midland Company pricing an expected move of 8.11% from $80.34, 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.

How to read the ADM implied-range chart

The shaded range above shows the one-standard-deviation implied price band at each listed expiration, derived from ATM implied volatility scaled to days-to-expiration. The front-tenor expected move is 8.11%, anchoring an implied range of approximately $73.82 to $86.86. Under lognormal assumptions, roughly 68% of outcomes fall inside that band; 95% fall inside ±2σ; 99.7% inside ±3σ. The empirical equity-return distribution has fatter tails than lognormal, so true tail-outcome frequency is moderately higher than these closed-form numbers suggest.

ADM expected move and event pricing

Expected move widens with √time: a 5% 30-day move corresponds to roughly a 2.5% 7.5-day move and a 10% 120-day move. ADM term-structure is in contango (slope 0.011), so longer-dated tenors price in proportionally more vol than √time scaling alone would suggest - typically because long-dated cycles include uncertain macro states.

Sizing ADM structures to the expected move

Iron condors with wings at ±1σ collect the modal-outcome premium; ±1.5σ widens probability of inside-range to ~87% but cuts collected premium roughly in half. Strangles do the inverse trade - they pay against the same lognormal distribution, profiting when realized exceeds implied. Calendar spreads bet on the slope of the term structure rather than the level. ADM put/call volume ratio currently at 0.21 indicates speculative call flow dominates - look for upside-skewed sentiment. The expected move is the inputs the chain is pricing, not a forecast - realized moves above or below are normal under any distribution.

Learn how expected move is reported and how to read the data →

Shaded band shows the ±1σ implied price range (~68% probability under lognormal assumptions) at each expiration; the center line marks current spot. Bands widen with longer DTE since volatility scales with √time.

Per-expiration expected move for ADM derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $80.34 × (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
Aug 21, 2026	7	26.1%	3.6%	$83.24	$77.44
Sep 18, 2026	35	28.3%	8.8%	$87.38	$73.30
Oct 16, 2026	63	29.4%	12.2%	$90.15	$70.53
Nov 20, 2026	98	31.7%	16.4%	$93.54	$67.14
Dec 18, 2026	126	31.7%	18.6%	$95.30	$65.38
Jan 15, 2027	154	31.6%	20.5%	$96.83	$63.85
Mar 19, 2027	217	32.6%	25.1%	$100.53	$60.15
Jun 17, 2027	307	33.2%	30.4%	$104.80	$55.88
Jan 21, 2028	525	34.1%	40.9%	$113.20	$47.48

Frequently asked ADM expected move questions

What is the current ADM expected move?: As of Aug 14, 2026, Archer-Daniels-Midland Company (ADM) has an expected move of 8.11% over the next 35 days, implying a one-standard-deviation price range of $73.82 to $86.86 from the current $80.34. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the ADM 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 ADM 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.