What is the current NI expected move?

As of Jun 30, 2026, NiSource Inc (NI) has an expected move of 45.87% over the next 17 days, implying a one-standard-deviation price range of $25.85 to $69.65 from the current $47.75. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the NI 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 NI 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.

NiSource Inc (NI) 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.

NiSource Inc (NI) operates in the Utilities sector, specifically the Regulated Gas industry, with a market capitalization near $23.49B, listed on NYSE, employing roughly 7,668 people, carrying a beta of 0.55 to the broader market. NiSource Inc. Led by Lloyd Yates, public since 1973-02-21.

Snapshot as of Jun 30, 2026.

Spot Price: $47.75
Expected Move: 45.9%
Implied High: $69.65
Implied Low: $25.85
Front DTE: 17 days

As of Jun 30, 2026, NiSource Inc (NI) has an expected move of 45.87%, a one-standard-deviation implied price range of roughly $25.85 to $69.65 from the current $47.75. 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.

NI Strategy Sizing to the Expected Move

With NiSource Inc pricing an expected move of 45.87% from $47.75, 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 NI 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 45.87%, anchoring an implied range of approximately $25.85 to $69.65. 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.

NI 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. NI term-structure is in contango (slope 0.029), 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 NI 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. NI put/call volume ratio currently at 0.08 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 NI derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $47.75 × (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	17.8%	3.8%	$49.58	$45.92
Aug 21, 2026	52	20.7%	7.8%	$51.48	$44.02
Oct 16, 2026	108	20.6%	11.2%	$53.10	$42.40
Nov 20, 2026	143	20.6%	12.9%	$53.91	$41.59
Jan 15, 2027	199	20.7%	15.3%	$55.05	$40.45

NI highest implied-volatility contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
CALL	$50.00	Jul 17, 2026	2	3.4K	796.9%	$0.05	$0.20

Top 1 contracts from the institutional-grade nightly options scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked NI expected move questions

What is the current NI expected move?: As of Jun 30, 2026, NiSource Inc (NI) has an expected move of 45.87% over the next 17 days, implying a one-standard-deviation price range of $25.85 to $69.65 from the current $47.75. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the NI 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 NI 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.