Expected Move
The expected move is the size of the price swing options markets have priced in for an earnings event, derived from at-the-money option premiums. Traders compare the stock's actual post-earnings move to the expected move to judge whether options were cheap or expensive going in.
Seen in a real earnings call
“…very different fuel price and macroeconomic environments. And the first half of 2026 provides further evidence of that resilience despite significant fuel price volatility and while executing an important phase of integration and migration, we continue to grow and deliver strong results. And this behavior is also evident…”W.A.G payment solutions plc (EWG) — earnings call, September 9, 2026