Paramount Skydance Corporation Class B Common Stock (PSKY) 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.
Paramount Skydance Corporation Class B Common Stock (PSKY) operates in the Communication Services sector, specifically the Entertainment industry, with a market capitalization near $11.39B, listed on NASDAQ, employing roughly 18,600 people, carrying a beta of 1.45 to the broader market. Paramount Skydance Corporation operates as a media, streaming, and entertainment company worldwide. Led by David Ellison, public since 2005-12-05.
Snapshot as of May 15, 2026.
- Spot Price
- $9.91
- Expected Move
- 12.5%
- Implied High
- $11.15
- Implied Low
- $8.67
- Front DTE
- 28 days
As of May 15, 2026, Paramount Skydance Corporation Class B Common Stock (PSKY) has an expected move of 12.49%, a one-standard-deviation implied price range of roughly $8.67 to $11.15 from the current $9.91. 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.
PSKY Strategy Sizing to the Expected Move
With Paramount Skydance Corporation Class B Common Stock pricing an expected move of 12.49% from $9.91, 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 PSKY derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $9.91 × (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 | 42.3% | 5.9% | $10.49 | $9.33 |
| May 29, 2026 | 14 | 37.3% | 7.3% | $10.63 | $9.19 |
| Jun 5, 2026 | 21 | 40.7% | 9.8% | $10.88 | $8.94 |
| Jun 12, 2026 | 28 | 42.6% | 11.8% | $11.08 | $8.74 |
| Jun 18, 2026 | 34 | 45.1% | 13.8% | $11.27 | $8.55 |
| Jun 26, 2026 | 42 | 43.4% | 14.7% | $11.37 | $8.45 |
| Jul 17, 2026 | 63 | 45.5% | 18.9% | $11.78 | $8.04 |
| Aug 21, 2026 | 98 | 50.1% | 26.0% | $12.48 | $7.34 |
| Sep 18, 2026 | 126 | 52.2% | 30.7% | $12.95 | $6.87 |
| Dec 18, 2026 | 217 | 54.7% | 42.2% | $14.09 | $5.73 |
| Jan 15, 2027 | 245 | 56.5% | 46.3% | $14.50 | $5.32 |
| Mar 19, 2027 | 308 | 56.2% | 51.6% | $15.03 | $4.79 |
| Jun 17, 2027 | 398 | 54.5% | 56.9% | $15.55 | $4.27 |
| Sep 17, 2027 | 490 | 52.2% | 60.5% | $15.90 | $3.92 |
| Dec 17, 2027 | 581 | 52.4% | 66.1% | $16.46 | $3.36 |
| Jan 21, 2028 | 616 | 53.3% | 69.2% | $16.77 | $3.05 |
PSKY highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $10.00 | Jan 21, 2028 | 0 | 124.1K | 53.3% | $2.19 | $2.77 |
| PUT | $8.00 | Jan 15, 2027 | 2 | 70.6K | 57.8% | $0.84 | $0.96 |
| CALL | $17.00 | Jan 15, 2027 | 23 | 58.0K | 56.9% | $0.34 | $0.40 |
| PUT | $12.00 | Jan 15, 2027 | 1 | 57.3K | 55.4% | $2.94 | $3.20 |
Top 4 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked PSKY expected move questions
- What is the current PSKY expected move?
- As of May 15, 2026, Paramount Skydance Corporation Class B Common Stock (PSKY) has an expected move of 12.49% over the next 28 days, implying a one-standard-deviation price range of $8.67 to $11.15 from the current $9.91. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the PSKY 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 PSKY 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.