BWA Moves

BorgWarner Inc BWA 48.81 1.28 2.69%

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Expected move

November 06, 2026 close · $48.81

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±1.9% ±$0.93	$47.88 – $49.74	$47.69 – $49.93	$46.81 – $50.81
2 sessions	±2.7% ±$1.30	$47.51 – $50.11	$47.24 – $50.38	$46.01 – $51.61
3 sessions	±3.4% ±$1.64	$47.17 – $50.45	$46.86 – $50.76	$45.33 – $52.29
1 week	±4.3% ±$2.08	$46.73 – $50.89	$46.27 – $51.35	$44.38 – $53.24
2 weeks	±6.0% ±$2.91	$45.90 – $51.72	$45.20 – $52.42	$42.59 – $55.03
3 weeks	±7.2% ±$3.53	$45.28 – $52.34	$44.42 – $53.20	$41.36 – $56.26
1 month	±8.5% ±$4.14	$44.67 – $52.95	$43.64 – $53.98	$40.02 – $57.60

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta

The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move

±9.21%

Average actual move

4.08%

Beyond the implied move

0 / 2

Median IV change

-26.24%

Reaction session	Implied	Actual	Used	ATM IV before → after
May 06, 2026	±11.09%	+3.75%	0.34×	—
May 07, 2025	±7.33%	+4.41%	0.60×	51.3% → 34.6%

Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →