Cushman & Wakefield plc (CWK) 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.

Cushman & Wakefield plc (CWK) operates in the Real Estate sector, specifically the Real Estate - Services industry, with a market capitalization near $3.06B, listed on NYSE, employing roughly 52,000 people, carrying a beta of 1.50 to the broader market. Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. Led by Michelle Marie MacKay, public since 2018-08-02.

Snapshot as of May 15, 2026.

Spot Price

$12.43

Expected Move

14.4%

Implied High

$14.22

Implied Low

$10.64

Front DTE

34 days

As of May 15, 2026, Cushman & Wakefield plc (CWK) has an expected move of 14.39%, a one-standard-deviation implied price range of roughly $10.64 to $14.22 from the current $12.43. 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.

CWK Strategy Sizing to the Expected Move

With Cushman & Wakefield plc pricing an expected move of 14.39% from $12.43, 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 CWK derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $12.43 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.

Frequently asked CWK expected move questions

What is the current CWK expected move?

As of May 15, 2026, Cushman & Wakefield plc (CWK) has an expected move of 14.39% over the next 34 days, implying a one-standard-deviation price range of $10.64 to $14.22 from the current $12.43. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the CWK 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 CWK 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.