Parker-Hannifin Corporation (PH) 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.
Parker-Hannifin Corporation (PH) operates in the Industrials sector, specifically the Industrial - Machinery industry, with a market capitalization near $111.25B, listed on NYSE, employing roughly 61,120 people, carrying a beta of 1.18 to the broader market. Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Led by Jennifer A. Parmentier, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $862.07
- Expected Move
- 8.1%
- Implied High
- $932.26
- Implied Low
- $791.88
- Front DTE
- 34 days
As of May 15, 2026, Parker-Hannifin Corporation (PH) has an expected move of 8.14%, a one-standard-deviation implied price range of roughly $791.88 to $932.26 from the current $862.07. 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.
PH Strategy Sizing to the Expected Move
With Parker-Hannifin Corporation pricing an expected move of 8.14% from $862.07, 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 PH derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $862.07 × (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 | 28.4% | 8.7% | $936.79 | $787.35 |
| Jul 17, 2026 | 63 | 27.7% | 11.5% | $961.28 | $762.86 |
| Aug 21, 2026 | 98 | 30.9% | 16.0% | $1000.10 | $724.04 |
| Nov 20, 2026 | 189 | 31.7% | 22.8% | $1058.72 | $665.42 |
Frequently asked PH expected move questions
- What is the current PH expected move?
- As of May 15, 2026, Parker-Hannifin Corporation (PH) has an expected move of 8.14% over the next 34 days, implying a one-standard-deviation price range of $791.88 to $932.26 from the current $862.07. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the PH 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 PH 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.