The Procter & Gamble Company (PG) 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.
The Procter & Gamble Company (PG) operates in the Consumer Defensive sector, specifically the Household & Personal Products industry, with a market capitalization near $331.22B, listed on NYSE, employing roughly 108,000 people, carrying a beta of 0.40 to the broader market. The Procter & Gamble Company provides branded consumer packaged goods worldwide. Led by Shailesh G. Jejurikar, public since 1978-01-13.
Snapshot as of May 15, 2026.
- Spot Price
- $141.95
- Expected Move
- 6.0%
- Implied High
- $150.51
- Implied Low
- $133.39
- Front DTE
- 28 days
As of May 15, 2026, The Procter & Gamble Company (PG) has an expected move of 6.03%, a one-standard-deviation implied price range of roughly $133.39 to $150.51 from the current $141.95. 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.
PG Strategy Sizing to the Expected Move
With The Procter & Gamble Company pricing an expected move of 6.03% from $141.95, 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 PG derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $141.95 × (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 | 20.8% | 2.9% | $146.04 | $137.86 |
| May 29, 2026 | 14 | 20.4% | 4.0% | $147.62 | $136.28 |
| Jun 5, 2026 | 21 | 21.1% | 5.1% | $149.13 | $134.77 |
| Jun 12, 2026 | 28 | 21.0% | 5.8% | $150.21 | $133.69 |
| Jun 18, 2026 | 34 | 21.1% | 6.4% | $151.09 | $132.81 |
| Jun 26, 2026 | 42 | 20.3% | 6.9% | $151.72 | $132.18 |
| Jul 17, 2026 | 63 | 21.1% | 8.8% | $154.39 | $129.51 |
| Aug 21, 2026 | 98 | 23.2% | 12.0% | $159.01 | $124.89 |
| Sep 18, 2026 | 126 | 22.8% | 13.4% | $160.97 | $122.93 |
| Oct 16, 2026 | 154 | 22.7% | 14.7% | $162.88 | $121.02 |
| Nov 20, 2026 | 189 | 23.8% | 17.1% | $166.26 | $117.64 |
| Dec 18, 2026 | 217 | 23.2% | 17.9% | $167.34 | $116.56 |
| Jan 15, 2027 | 245 | 23.2% | 19.0% | $168.93 | $114.97 |
| Mar 19, 2027 | 308 | 23.2% | 21.3% | $172.20 | $111.70 |
| Jun 17, 2027 | 398 | 23.2% | 24.2% | $176.34 | $107.56 |
| Jan 21, 2028 | 616 | 23.4% | 30.4% | $185.10 | $98.80 |
Frequently asked PG expected move questions
- What is the current PG expected move?
- As of May 15, 2026, The Procter & Gamble Company (PG) has an expected move of 6.03% over the next 28 days, implying a one-standard-deviation price range of $133.39 to $150.51 from the current $141.95. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the PG 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 PG 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.