John Wiley & Sons, Inc. (WLY) 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.
John Wiley & Sons, Inc. (WLY) operates in the Communication Services sector, specifically the Publishing industry, with a market capitalization near $2.08B, listed on NYSE, employing roughly 6,400 people, carrying a beta of 0.79 to the broader market. John Wiley & Sons, Inc. Led by Matthew S. Kissner, public since 1972-06-02.
Snapshot as of May 15, 2026.
- Spot Price
- $39.95
- Expected Move
- 12.6%
- Implied High
- $44.99
- Implied Low
- $34.91
- Front DTE
- 34 days
As of May 15, 2026, John Wiley & Sons, Inc. (WLY) has an expected move of 12.61%, a one-standard-deviation implied price range of roughly $34.91 to $44.99 from the current $39.95. 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.
WLY Strategy Sizing to the Expected Move
With John Wiley & Sons, Inc. pricing an expected move of 12.61% from $39.95, 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 WLY derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $39.95 × (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 | 44.0% | 13.4% | $45.31 | $34.59 |
| Jul 17, 2026 | 63 | 40.7% | 16.9% | $46.71 | $33.19 |
| Sep 18, 2026 | 126 | 38.9% | 22.9% | $49.08 | $30.82 |
| Dec 18, 2026 | 217 | 40.4% | 31.2% | $52.39 | $27.51 |
Frequently asked WLY expected move questions
- What is the current WLY expected move?
- As of May 15, 2026, John Wiley & Sons, Inc. (WLY) has an expected move of 12.61% over the next 34 days, implying a one-standard-deviation price range of $34.91 to $44.99 from the current $39.95. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the WLY 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 WLY 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.