Invesco S&P 500 Pure Value ETF (RPV) Expected Move

Tracking the RPV expected move helps you see how far Invesco S&P 500 Pure Value ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. Invesco S&P 500 Pure Value 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 RPV 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 RPV, 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 RPV 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 Invesco S&P 500 Pure Value ETF is unlikely to go.

The Invesco S&P 500 Pure Value ETF (Fund) is based on the S&P 500 Pure Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong value characteristics in the S&P 500 Index. First, each security in the S&P 500 is assigned two “style scores” – one for value and one for growth – based on the characteristics of the issuer. The “value score” is measured using three factors: book-value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio. The “growth score” is measured using three other factors: three-year sales per share growth, the three-year ratio of earnings per share change to price per share, and momentum (the 12-month percentage change in price).

The ratio between the growth score and the value score is used to rank each stock as either deep value, blend or deep growth. Only the deep value stocks are selected and are factor weighted such that securities demonstrating the strongest value characteristics receive proportionally greater weights. The Fund and the Index are rebalanced annually.

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 RPV expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Invesco S&P 500 Pure Value 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 RPV.