Perma-Pipe International Holdings, Inc. (PPIH) 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.
Perma-Pipe International Holdings, Inc. (PPIH) operates in the Industrials sector, specifically the Construction industry, with a market capitalization near $264.9M, listed on NASDAQ, employing roughly 750 people, carrying a beta of 0.58 to the broader market. Perma-Pipe International Holdings, Inc. Led by Saleh Sagr, public since 1989-12-15.
Snapshot as of May 14, 2026.
- Spot Price
- $33.29
- Expected Move
- 19.4%
- Implied High
- $39.74
- Implied Low
- $26.84
- Front DTE
- 35 days
As of May 14, 2026, Perma-Pipe International Holdings, Inc. (PPIH) has an expected move of 19.38%, a one-standard-deviation implied price range of roughly $26.84 to $39.74 from the current $33.29. 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.
PPIH Strategy Sizing to the Expected Move
With Perma-Pipe International Holdings, Inc. pricing an expected move of 19.38% from $33.29, 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 PPIH derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $33.29 × (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 15, 2026 | 1 | 21.9% | 1.1% | $33.67 | $32.91 |
| Jun 18, 2026 | 35 | 67.6% | 20.9% | $40.26 | $26.32 |
| Jul 17, 2026 | 64 | 64.1% | 26.8% | $42.23 | $24.35 |
| Sep 18, 2026 | 127 | 67.2% | 39.6% | $46.49 | $20.09 |
| Dec 18, 2026 | 218 | 67.9% | 52.5% | $50.76 | $15.82 |
Frequently asked PPIH expected move questions
- What is the current PPIH expected move?
- As of May 14, 2026, Perma-Pipe International Holdings, Inc. (PPIH) has an expected move of 19.38% over the next 35 days, implying a one-standard-deviation price range of $26.84 to $39.74 from the current $33.29. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the PPIH 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 PPIH 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.