Tracking the BNO expected move helps you see how far United States Brent Oil Fund LP's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. United States Brent Oil Fund LP's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the BNO expected move for this week's options, in real time.
The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For BNO, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The BNO expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks United States Brent Oil Fund LP is unlikely to go.
The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the BNO expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The United States Brent Oil Fund LP expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about BNO.
