PG&E Corporation (PCG) 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.
PG&E Corporation (PCG) operates in the Utilities sector, specifically the Regulated Electric industry, with a market capitalization near $36.56B, listed on NYSE, employing roughly 28,410 people, carrying a beta of 0.29 to the broader market. PG&E Corp. Led by Patricia Kessler Poppe, public since 1972-06-01.
Snapshot as of May 15, 2026.
- Spot Price
- $16.19
- Expected Move
- 8.9%
- Implied High
- $17.62
- Implied Low
- $14.76
- Front DTE
- 28 days
As of May 15, 2026, PG&E Corporation (PCG) has an expected move of 8.86%, a one-standard-deviation implied price range of roughly $14.76 to $17.62 from the current $16.19. 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.
PCG Strategy Sizing to the Expected Move
With PG&E Corporation pricing an expected move of 8.86% from $16.19, 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 PCG derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $16.19 × (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 |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 25.4% | 3.5% | $16.76 | $15.62 |
| May 29, 2026 | 14 | 29.2% | 5.7% | $17.12 | $15.26 |
| Jun 5, 2026 | 21 | 31.4% | 7.5% | $17.41 | $14.97 |
| Jun 12, 2026 | 28 | 30.7% | 8.5% | $17.57 | $14.81 |
| Jun 18, 2026 | 34 | 31.2% | 9.5% | $17.73 | $14.65 |
| Jun 26, 2026 | 42 | 31.6% | 10.7% | $17.93 | $14.45 |
| Jul 17, 2026 | 63 | 30.4% | 12.6% | $18.23 | $14.15 |
| Aug 21, 2026 | 98 | 33.9% | 17.6% | $19.03 | $13.35 |
| Sep 18, 2026 | 126 | 38.2% | 22.4% | $19.82 | $12.56 |
| Dec 18, 2026 | 217 | 33.8% | 26.1% | $20.41 | $11.97 |
| Jan 15, 2027 | 245 | 34.5% | 28.3% | $20.77 | $11.61 |
| Mar 19, 2027 | 308 | 32.8% | 30.1% | $21.07 | $11.31 |
| Jan 21, 2028 | 616 | 32.9% | 42.7% | $23.11 | $9.27 |
PCG highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $20.00 | Sep 18, 2026 | 324 | 282.6K | 36.7% | $0.36 | $0.40 |
| CALL | $23.00 | Sep 18, 2026 | 234 | 272.1K | 37.4% | $0.11 | $0.12 |
| CALL | $21.00 | Sep 18, 2026 | 6 | 98.7K | 36.8% | $0.24 | $0.27 |
| CALL | $27.00 | Sep 18, 2026 | 0 | 66.3K | 40.6% | $0.01 | $0.11 |
| CALL | $19.00 | Sep 18, 2026 | 25 | 65.2K | 36.6% | $0.51 | $0.64 |
| CALL | $18.00 | Jun 18, 2026 | 223 | 55.4K | 30.9% | $0.08 | $0.17 |
Top 6 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked PCG expected move questions
- What is the current PCG expected move?
- As of May 15, 2026, PG&E Corporation (PCG) has an expected move of 8.86% over the next 28 days, implying a one-standard-deviation price range of $14.76 to $17.62 from the current $16.19. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the PCG 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 PCG 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.