What is the current RH expected move?

As of Aug 14, 2026, Rh (RH) has an expected move of 21.62% over the next 28 days, implying a one-standard-deviation price range of $142.22 to $220.66 from the current $181.44. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the RH 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 RH 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.

Rh (RH) 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.

Rh (RH) operates in the Consumer Cyclical sector, specifically the Specialty Retail industry, with a market capitalization near $3.41B, listed on NYSE, employing roughly 6,870 people, carrying a beta of 1.87 to the broader market. RH, along with its various associated businesses, functions as a prominent retailer specializing in home furnishings. Led by Gary G. Friedman, public since 2012-11-02.

Snapshot as of Aug 14, 2026.

Spot Price: $181.44
Expected Move: 21.6%
Implied High: $220.66
Implied Low: $142.22
Front DTE: 28 days

As of Aug 14, 2026, Rh (RH) has an expected move of 21.62%, a one-standard-deviation implied price range of roughly $142.22 to $220.66 from the current $181.44. 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.

RH Strategy Sizing to the Expected Move

With Rh pricing an expected move of 21.62% from $181.44, 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.

How to read the RH implied-range chart

The shaded range above shows the one-standard-deviation implied price band at each listed expiration, derived from ATM implied volatility scaled to days-to-expiration. The front-tenor expected move is 21.62%, anchoring an implied range of approximately $142.22 to $220.66. Under lognormal assumptions, roughly 68% of outcomes fall inside that band; 95% fall inside ±2σ; 99.7% inside ±3σ. The empirical equity-return distribution has fatter tails than lognormal, so true tail-outcome frequency is moderately higher than these closed-form numbers suggest.

RH expected move and event pricing

Expected move widens with √time: a 5% 30-day move corresponds to roughly a 2.5% 7.5-day move and a 10% 120-day move. RH term-structure is in backwardation (slope -0.006), so near-dated tenors price in disproportionate vol - usually because of a known event in the front-month window.

Sizing RH structures to the expected move

Iron condors with wings at ±1σ collect the modal-outcome premium; ±1.5σ widens probability of inside-range to ~87% but cuts collected premium roughly in half. Strangles do the inverse trade - they pay against the same lognormal distribution, profiting when realized exceeds implied. Calendar spreads bet on the slope of the term structure rather than the level. RH put/call volume ratio currently at 0.90 indicates balanced flow without strong directional skew. The expected move is the inputs the chain is pricing, not a forecast - realized moves above or below are normal under any distribution.

Learn how expected move is reported and how to read the data →

Shaded band shows the ±1σ implied price range (~68% probability under lognormal assumptions) at each expiration; the center line marks current spot. Bands widen with longer DTE since volatility scales with √time.

Per-expiration expected move for RH derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $181.44 × (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
Aug 21, 2026	7	59.5%	8.2%	$196.39	$166.49
Aug 28, 2026	14	58.9%	11.5%	$202.37	$160.51
Sep 4, 2026	21	60.8%	14.6%	$207.90	$154.98
Sep 11, 2026	28	75.6%	20.9%	$219.43	$143.45
Sep 18, 2026	35	75.0%	23.2%	$223.58	$139.30
Sep 25, 2026	42	73.8%	25.0%	$226.86	$136.02
Oct 2, 2026	49	72.1%	26.4%	$229.37	$133.51
Nov 20, 2026	98	67.8%	35.1%	$245.18	$117.70
Dec 18, 2026	126	68.9%	40.5%	$254.89	$107.99
Jan 15, 2027	154	68.6%	44.6%	$262.29	$100.59
Feb 19, 2027	189	67.8%	48.8%	$269.96	$92.92
Mar 19, 2027	217	67.8%	52.3%	$276.29	$86.59
Jun 17, 2027	307	69.9%	64.1%	$297.75	$65.13
Jan 21, 2028	525	69.3%	83.1%	$332.24	$30.64
Dec 15, 2028	854	68.7%	105.1%	$372.11	$-9.23

RH highest implied-volatility contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
CALL	$140.00	Aug 21, 2026	0	241	183.4%	$39.70	$45.60
CALL	$150.00	Aug 21, 2026	0	116	146.4%	$28.70	$35.10

Top 2 contracts from the institutional-grade nightly options scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked RH expected move questions

What is the current RH expected move?: As of Aug 14, 2026, Rh (RH) has an expected move of 21.62% over the next 28 days, implying a one-standard-deviation price range of $142.22 to $220.66 from the current $181.44. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the RH 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 RH 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.