Wyndham Hotels & Resorts, Inc. (WH) 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.
Wyndham Hotels & Resorts, Inc. (WH) operates in the Consumer Cyclical sector, specifically the Travel Lodging industry, with a market capitalization near $6.08B, listed on NYSE, employing roughly 2,200 people, carrying a beta of 0.65 to the broader market. Wyndham Hotels & Resorts, Inc. Led by Geoffrey A. Ballotti, public since 2018-05-21.
Snapshot as of May 15, 2026.
- Spot Price
- $79.94
- Expected Move
- 9.8%
- Implied High
- $87.78
- Implied Low
- $72.10
- Front DTE
- 34 days
As of May 15, 2026, Wyndham Hotels & Resorts, Inc. (WH) has an expected move of 9.80%, a one-standard-deviation implied price range of roughly $72.10 to $87.78 from the current $79.94. 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.
WH Strategy Sizing to the Expected Move
With Wyndham Hotels & Resorts, Inc. pricing an expected move of 9.80% from $79.94, 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 WH derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $79.94 × (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 | 34.2% | 10.4% | $88.28 | $71.60 |
| Jul 17, 2026 | 63 | 31.4% | 13.0% | $90.37 | $69.51 |
| Aug 21, 2026 | 98 | 32.8% | 17.0% | $93.53 | $66.35 |
| Nov 20, 2026 | 189 | 34.0% | 24.5% | $99.50 | $60.38 |
Frequently asked WH expected move questions
- What is the current WH expected move?
- As of May 15, 2026, Wyndham Hotels & Resorts, Inc. (WH) has an expected move of 9.80% over the next 34 days, implying a one-standard-deviation price range of $72.10 to $87.78 from the current $79.94. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the WH 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 WH 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.