Leggett & Platt, Incorporated (LEG) 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.
Leggett & Platt, Incorporated (LEG) operates in the Consumer Cyclical sector, specifically the Furnishings, Fixtures & Appliances industry, with a market capitalization near $1.28B, listed on NYSE, employing roughly 17,700 people, carrying a beta of 0.77 to the broader market. Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. Led by Karl G. Glassman, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $9.18
- Expected Move
- 15.6%
- Implied High
- $10.61
- Implied Low
- $7.75
- Front DTE
- 34 days
As of May 15, 2026, Leggett & Platt, Incorporated (LEG) has an expected move of 15.62%, a one-standard-deviation implied price range of roughly $7.75 to $10.61 from the current $9.18. 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.
LEG Strategy Sizing to the Expected Move
With Leggett & Platt, Incorporated pricing an expected move of 15.62% from $9.18, 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 LEG derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $9.18 × (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 |
|---|---|---|---|---|---|
| Jun 18, 2026 | 34 | 54.5% | 16.6% | $10.71 | $7.65 |
| Jul 17, 2026 | 63 | 63.2% | 26.3% | $11.59 | $6.77 |
| Sep 18, 2026 | 126 | 41.8% | 24.6% | $11.43 | $6.93 |
| Dec 18, 2026 | 217 | 43.8% | 33.8% | $12.28 | $6.08 |
Frequently asked LEG expected move questions
- What is the current LEG expected move?
- As of May 15, 2026, Leggett & Platt, Incorporated (LEG) has an expected move of 15.62% over the next 34 days, implying a one-standard-deviation price range of $7.75 to $10.61 from the current $9.18. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the LEG 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 LEG 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.