Militia Long/Short Equity ETF (ORR) Expected Move

Tracking the ORR expected move helps you see how far Militia Long/Short Equity ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. Militia Long/Short Equity 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 ORR 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 ORR, 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 ORR 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 Militia Long/Short Equity ETF is unlikely to go.

ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. The long portfolio targets undervalued or growth potential equities, with a focus on developed markets. Long positions may exceed 100% of net assets, capped typically at 150%. Short positions focus on U.S.-listed companies and ETFs expected to decline, influenced by declining future cash flow projections. ORR can have short exposure up to 100% and may include inverse or leveraged ETFs. The fund actively trades positions, resulting in high annual portfolio turnover. The portfolio may also short foreign currencies through currency forward contracts to manage risk.

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 ORR expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Militia Long/Short Equity 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 ORR.