Victoria's Secret & Co. (VSCO) 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.
Victoria's Secret & Co. (VSCO) operates in the Consumer Cyclical sector, specifically the Apparel - Retail industry, with a market capitalization near $3.64B, listed on NYSE, employing roughly 13,000 people, carrying a beta of 2.25 to the broader market. Victoria's Secret & Co. Led by Hillary Super, public since 2021-07-21.
Snapshot as of May 15, 2026.
- Spot Price
- $45.88
- Expected Move
- 23.8%
- Implied High
- $56.81
- Implied Low
- $34.95
- Front DTE
- 34 days
As of May 15, 2026, Victoria's Secret & Co. (VSCO) has an expected move of 23.82%, a one-standard-deviation implied price range of roughly $34.95 to $56.81 from the current $45.88. 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.
VSCO Strategy Sizing to the Expected Move
With Victoria's Secret & Co. pricing an expected move of 23.82% from $45.88, 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 VSCO derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $45.88 × (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 | 83.1% | 25.4% | $57.52 | $34.24 |
| Jul 17, 2026 | 63 | 74.6% | 31.0% | $60.10 | $31.66 |
| Sep 18, 2026 | 126 | 73.0% | 42.9% | $65.56 | $26.20 |
| Dec 18, 2026 | 217 | 72.0% | 55.5% | $71.35 | $20.41 |
| Jan 15, 2027 | 245 | 71.2% | 58.3% | $72.64 | $19.12 |
| Dec 17, 2027 | 581 | 65.3% | 82.4% | $83.68 | $8.08 |
| Jan 21, 2028 | 616 | 65.6% | 85.2% | $84.98 | $6.78 |
Frequently asked VSCO expected move questions
- What is the current VSCO expected move?
- As of May 15, 2026, Victoria's Secret & Co. (VSCO) has an expected move of 23.82% over the next 34 days, implying a one-standard-deviation price range of $34.95 to $56.81 from the current $45.88. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the VSCO 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 VSCO 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.