ENB Moves

Enbridge ENB 46.89 -1.22 -2.54%

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Expected move

November 06, 2026 close · $46.84

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±1.0% ±$0.49	$46.35 – $47.33	$46.26 – $47.42	$45.80 – $47.88
2 sessions	±1.4% ±$0.67	$46.17 – $47.51	$46.02 – $47.66	$45.38 – $48.30
3 sessions	±1.8% ±$0.85	$45.99 – $47.69	$45.83 – $47.85	$45.03 – $48.65
1 week	±2.3% ±$1.08	$45.76 – $47.92	$45.52 – $48.16	$44.54 – $49.14
2 weeks	±3.2% ±$1.52	$45.32 – $48.36	$44.97 – $48.71	$43.61 – $50.07
3 weeks	±4.0% ±$1.88	$44.96 – $48.72	$44.51 – $49.17	$42.87 – $50.81
1 month	±4.8% ±$2.23	$44.61 – $49.07	$44.05 – $49.63	$42.10 – $51.58

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

±3.69%

Average actual move

2.65%

Beyond the implied move

2 / 4

Median IV change

-1.59%

Reaction session	Implied	Actual	Used	ATM IV before → after
May 08, 2026	±4.26%	-0.74%	0.17×	32.8% → 32.3%
February 13, 2026	±3.71%	+3.94%	1.06×	—
May 09, 2025	±3.99%	+0.70%	0.18×	31.9% → 26.3%
February 14, 2025	±2.81%	-5.24%	1.87×	—

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