Reliance Steel & Aluminum Co. (RS) 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.
Reliance Steel & Aluminum Co. (RS) operates in the Basic Materials sector, specifically the Steel industry, with a market capitalization near $18.83B, listed on NYSE, employing roughly 15,900 people, carrying a beta of 0.95 to the broader market. Reliance Steel & Aluminum Co. Led by Karla R. Lewis, public since 1994-09-16.
Snapshot as of May 15, 2026.
- Spot Price
- $362.63
- Expected Move
- 7.8%
- Implied High
- $391.01
- Implied Low
- $334.25
- Front DTE
- 34 days
As of May 15, 2026, Reliance Steel & Aluminum Co. (RS) has an expected move of 7.83%, a one-standard-deviation implied price range of roughly $334.25 to $391.01 from the current $362.63. 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.
RS Strategy Sizing to the Expected Move
With Reliance Steel & Aluminum Co. pricing an expected move of 7.83% from $362.63, 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 RS derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $362.63 × (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 | 27.3% | 8.3% | $392.84 | $332.42 |
| Jul 17, 2026 | 63 | 27.7% | 11.5% | $404.36 | $320.90 |
| Sep 18, 2026 | 126 | 29.1% | 17.1% | $424.63 | $300.63 |
| Oct 16, 2026 | 154 | 29.6% | 19.2% | $432.35 | $292.91 |
| Nov 20, 2026 | 189 | 30.1% | 21.7% | $441.17 | $284.09 |
| Dec 18, 2026 | 217 | 29.7% | 22.9% | $445.67 | $279.59 |
| Mar 19, 2027 | 308 | 29.3% | 26.9% | $460.23 | $265.03 |
Frequently asked RS expected move questions
- What is the current RS expected move?
- As of May 15, 2026, Reliance Steel & Aluminum Co. (RS) has an expected move of 7.83% over the next 34 days, implying a one-standard-deviation price range of $334.25 to $391.01 from the current $362.63. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the RS 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 RS 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.