What is the current LEVI expected move?

As of Jun 30, 2026, Levi Strauss & Co. (LEVI) has an expected move of 15.31% over the next 17 days, implying a one-standard-deviation price range of $21.00 to $28.60 from the current $24.80. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the LEVI 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 LEVI 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.

Levi Strauss & Co. (LEVI) 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.

Levi Strauss & Co. (LEVI) operates in the Consumer Cyclical sector, specifically the Apparel - Manufacturers industry, with a market capitalization near $9.67B, listed on NYSE, employing roughly 18,700 people, carrying a beta of 1.33 to the broader market. Levi Strauss & Co. Led by Michelle D. Gass, public since 2019-03-21.

Snapshot as of Jun 30, 2026.

Spot Price: $24.80
Expected Move: 15.3%
Implied High: $28.60
Implied Low: $21.00
Front DTE: 17 days

As of Jun 30, 2026, Levi Strauss & Co. (LEVI) has an expected move of 15.31%, a one-standard-deviation implied price range of roughly $21.00 to $28.60 from the current $24.80. 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.

LEVI Strategy Sizing to the Expected Move

With Levi Strauss & Co. pricing an expected move of 15.31% from $24.80, 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 LEVI 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 15.31%, anchoring an implied range of approximately $21.00 to $28.60. 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.

LEVI 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. LEVI term-structure is in backwardation (slope -0.107), so near-dated tenors price in disproportionate vol - usually because of a known event in the front-month window.

Sizing LEVI 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. LEVI 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 →

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 LEVI derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $24.80 × (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
Jul 17, 2026	17	53.4%	11.5%	$27.66	$21.94
Aug 21, 2026	52	42.7%	16.1%	$28.80	$20.80
Oct 16, 2026	108	42.6%	23.2%	$30.55	$19.05
Jan 15, 2027	199	39.1%	28.9%	$31.96	$17.64
Jan 21, 2028	570	41.2%	51.5%	$37.57	$12.03

Frequently asked LEVI expected move questions

What is the current LEVI expected move?: As of Jun 30, 2026, Levi Strauss & Co. (LEVI) has an expected move of 15.31% over the next 17 days, implying a one-standard-deviation price range of $21.00 to $28.60 from the current $24.80. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the LEVI 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 LEVI 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.