The AES Corporation (AES) 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.

The AES Corporation (AES) operates in the Utilities sector, specifically the Independent Power Producers industry, with a market capitalization near $10.46B, listed on NYSE, employing roughly 9,100 people, carrying a beta of 0.95 to the broader market. The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Led by Andres Ricardo Gluski Weilert, public since 1991-06-26.

Snapshot as of Jun 30, 2026.

Spot Price

$14.64

Expected Move

106.7%

Implied High

$30.27

Implied Low

$-0.99

Front DTE

31 days

As of Jun 30, 2026, The AES Corporation (AES) has an expected move of 106.74%, a one-standard-deviation implied price range of roughly $-0.99 to $30.27 from the current $14.64. 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.

AES Strategy Sizing to the Expected Move

With The AES Corporation pricing an expected move of 106.74% from $14.64, 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 AES 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 106.74%, anchoring an implied range of approximately $-0.99 to $30.27. 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.

AES 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. AES term-structure is in backwardation (slope -3.859), so near-dated tenors price in disproportionate vol - usually because of a known event in the front-month window. Combined with the 76.8% IV rank, the implied move is meaningfully wider than the typical AES trailing range, so even premium-selling structures need wide wings to absorb the elevated regime.

Sizing AES 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. AES put/call volume ratio currently at 0.12 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 →

Per-expiration expected move for AES derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $14.64 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.

AES highest implied-volatility contracts

Top 10 contracts from the institutional-grade nightly options scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked AES expected move questions

What is the current AES expected move?

As of Jun 30, 2026, The AES Corporation (AES) has an expected move of 106.74% over the next 31 days, implying a one-standard-deviation price range of $-0.99 to $30.27 from the current $14.64. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the AES 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 AES 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.