Invesco PHLX Semiconductor ETF (SOXQ) Expected Move

Tracking the SOXQ expected move helps you see how far Invesco PHLX Semiconductor 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 PHLX Semiconductor 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 SOXQ 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 SOXQ, 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 SOXQ 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 PHLX Semiconductor ETF is unlikely to go.

The Invesco PHLX Semiconductor ETF (Fund) is based on the PHLX Semiconductor Sector Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of the 30 largest U.S.-listed securities of companies engaged in the semiconductor business. Semiconductors include products such as memory chips, microprocessors, integrated circuits and related equipment that serve a wide variety of purposes in various types of electronics, including in personal household products, automobiles and computers, among others.

The Index includes companies engaged in the design, distribution, manufacture and sale of semiconductors. The Fund and the Index are reconstituted annually in September and rebalanced quarterly in March, June, September and December.

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 SOXQ expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Invesco PHLX Semiconductor 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 SOXQ.