What is the current WDFC expected move?

As of Jun 30, 2026, WD-40 Company (WDFC) has an expected move of 14.97% over the next 17 days, implying a one-standard-deviation price range of $207.56 to $280.62 from the current $244.09. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the WDFC 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 WDFC 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.

WD-40 Company (WDFC) 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.

WD-40 Company (WDFC) operates in the Basic Materials sector, specifically the Chemicals - Specialty industry, with a market capitalization near $3.34B, listed on NASDAQ, employing roughly 644 people, carrying a beta of 0.29 to the broader market. Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, WD-40 Company specializes in manufacturing and distributing a comprehensive array of maintenance, homecare, and cleaning products. Led by Steven A. Brass, public since 1973-05-03.

Snapshot as of Jun 30, 2026.

Spot Price: $244.09
Expected Move: 15.0%
Implied High: $280.62
Implied Low: $207.56
Front DTE: 17 days

As of Jun 30, 2026, WD-40 Company (WDFC) has an expected move of 14.97%, a one-standard-deviation implied price range of roughly $207.56 to $280.62 from the current $244.09. 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.

WDFC Strategy Sizing to the Expected Move

With WD-40 Company pricing an expected move of 14.97% from $244.09, 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 WDFC 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 14.97%, anchoring an implied range of approximately $207.56 to $280.62. 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.

WDFC 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. WDFC term-structure is in backwardation (slope -0.149), so near-dated tenors price in disproportionate vol - usually because of a known event in the front-month window.

Sizing WDFC 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. WDFC put/call volume ratio currently at 0.29 indicates speculative call flow dominates - look for upside-skewed sentiment. 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 WDFC derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $244.09 × (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
Jul 17, 2026	17	52.2%	11.3%	$271.59	$216.59
Aug 21, 2026	52	37.3%	14.1%	$278.45	$209.73
Nov 20, 2026	143	35.3%	22.1%	$298.02	$190.16
Feb 19, 2027	234	35.0%	28.0%	$312.49	$175.69

Frequently asked WDFC expected move questions

What is the current WDFC expected move?: As of Jun 30, 2026, WD-40 Company (WDFC) has an expected move of 14.97% over the next 17 days, implying a one-standard-deviation price range of $207.56 to $280.62 from the current $244.09. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the WDFC 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 WDFC 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.