Colgate-Palmolive Company (CL) 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.
Colgate-Palmolive Company (CL) operates in the Consumer Defensive sector, specifically the Household & Personal Products industry, with a market capitalization near $70.31B, listed on NYSE, employing roughly 34,000 people, carrying a beta of 0.30 to the broader market. Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. Led by Noel R. Wallace, public since 1973-05-02.
Snapshot as of May 15, 2026.
- Spot Price
- $88.60
- Expected Move
- 6.5%
- Implied High
- $94.39
- Implied Low
- $82.81
- Front DTE
- 28 days
As of May 15, 2026, Colgate-Palmolive Company (CL) has an expected move of 6.54%, a one-standard-deviation implied price range of roughly $82.81 to $94.39 from the current $88.60. 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.
CL Strategy Sizing to the Expected Move
With Colgate-Palmolive Company pricing an expected move of 6.54% from $88.60, 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 CL derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $88.60 × (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 |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 23.1% | 3.2% | $91.43 | $85.77 |
| May 29, 2026 | 14 | 22.3% | 4.4% | $92.47 | $84.73 |
| Jun 5, 2026 | 21 | 22.5% | 5.4% | $93.38 | $83.82 |
| Jun 12, 2026 | 28 | 22.7% | 6.3% | $94.17 | $83.03 |
| Jun 18, 2026 | 34 | 23.0% | 7.0% | $94.82 | $82.38 |
| Jun 26, 2026 | 42 | 22.3% | 7.6% | $95.30 | $81.90 |
| Jul 17, 2026 | 63 | 24.9% | 10.3% | $97.77 | $79.43 |
| Aug 21, 2026 | 98 | 23.6% | 12.2% | $99.43 | $77.77 |
| Sep 18, 2026 | 126 | 23.9% | 14.0% | $101.04 | $76.16 |
| Nov 20, 2026 | 189 | 25.6% | 18.4% | $104.92 | $72.28 |
| Dec 18, 2026 | 217 | 25.1% | 19.4% | $105.75 | $71.45 |
| Jan 15, 2027 | 245 | 24.9% | 20.4% | $106.67 | $70.53 |
| Mar 19, 2027 | 308 | 25.5% | 23.4% | $109.35 | $67.85 |
| Jan 21, 2028 | 616 | 26.4% | 34.3% | $118.99 | $58.21 |
Frequently asked CL expected move questions
- What is the current CL expected move?
- As of May 15, 2026, Colgate-Palmolive Company (CL) has an expected move of 6.54% over the next 28 days, implying a one-standard-deviation price range of $82.81 to $94.39 from the current $88.60. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the CL 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 CL 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.