TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) Expected Move

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

TSPY is the issuers first ETF. The objective of the issuer is to provide easier access to more sophisticated investment strategies. TSPY holds shares of SPDR S&P 500 Index trust (ticker: SPY) and writes call options each day to generate income. Options may be written against the shares of SPY, the S&P 500 index itself, SPX, or the Cboe Mini-SPX Index, XSP. The expiration dates for the call options will focus on using 0DTE, same day expiration, but may range up to one week. The portfolio manager aims to generate daily income and distribute the income monthly. Investors should note the high turnover rate of the fund and that distributions will be taxed as ordinary income.

The fund will hold US Treasury securities as collateral.

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 TSPY expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The TappAlpha S&P 500 Growth & Daily Income 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 TSPY.