Tracking the HDG expected move helps you see how far ProShares Hedge Replication ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. ProShares Hedge Replication ETF'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 HDG 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 HDG, 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 HDG 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 ProShares Hedge Replication ETF is unlikely to go.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the benchmark. The benchmark seeks to provide the risk and return characteristics of the hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index (the "HFRI"). The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. The fund is non-diversified.
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 HDG expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The ProShares Hedge Replication ETF 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 HDG.
