What is the current KMB expected move?

As of Aug 14, 2026, Kimberly-Clark Corporation (KMB) has an expected move of 6.80% over the next 28 days, implying a one-standard-deviation price range of $103.04 to $118.08 from the current $110.56. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the KMB 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 KMB 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.

Kimberly-Clark Corporation (KMB) 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.

Kimberly-Clark Corporation (KMB) operates in the Consumer Defensive sector, specifically the Household & Personal Products industry, with a market capitalization near $36.16B, listed on NASDAQ, employing roughly 36,000 people, carrying a beta of 0.28 to the broader market. Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care products in the United States. Led by Michael D. Hsu, public since 1980-03-17.

Snapshot as of Aug 14, 2026.

Spot Price: $110.56
Expected Move: 6.8%
Implied High: $118.08
Implied Low: $103.04
Front DTE: 28 days

As of Aug 14, 2026, Kimberly-Clark Corporation (KMB) has an expected move of 6.80%, a one-standard-deviation implied price range of roughly $103.04 to $118.08 from the current $110.56. 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.

KMB Strategy Sizing to the Expected Move

With Kimberly-Clark Corporation pricing an expected move of 6.80% from $110.56, 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 KMB 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 6.80%, anchoring an implied range of approximately $103.04 to $118.08. 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.

KMB 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. KMB term-structure is in contango (slope 0.001), 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 KMB 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. KMB put/call volume ratio currently at 0.48 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 KMB derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $110.56 × (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	20.7%	2.9%	$113.73	$107.39
Aug 28, 2026	14	21.6%	4.2%	$115.24	$105.88
Sep 4, 2026	21	24.9%	6.0%	$117.16	$103.96
Sep 11, 2026	28	23.7%	6.6%	$117.82	$103.30
Sep 18, 2026	35	23.8%	7.4%	$118.71	$102.41
Sep 25, 2026	42	24.1%	8.2%	$119.60	$101.52
Oct 2, 2026	49	23.2%	8.5%	$119.96	$101.16
Oct 16, 2026	63	22.7%	9.4%	$120.99	$100.13
Dec 18, 2026	126	26.5%	15.6%	$127.77	$93.35
Jan 15, 2027	154	25.1%	16.3%	$128.59	$92.53
Mar 19, 2027	217	25.7%	19.8%	$132.47	$88.65
Jun 17, 2027	307	26.5%	24.3%	$137.43	$83.69
Jan 21, 2028	525	27.5%	33.0%	$147.02	$74.10

Frequently asked KMB expected move questions

What is the current KMB expected move?: As of Aug 14, 2026, Kimberly-Clark Corporation (KMB) has an expected move of 6.80% over the next 28 days, implying a one-standard-deviation price range of $103.04 to $118.08 from the current $110.56. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the KMB 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 KMB 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.