Priced to move is the size of move the options market charges for, read from the at-the-money straddles across the expiry ladder and scaled to the horizon shown. It is a size, not a direction: the market prices how far, never which way.

The dollar figure is that size from the session's close. For SPY and SPX during the session, the card reads the remaining move to the close from the live 0DTE quotes instead, and it shrinks through the afternoon as the straddle decays.

• 2 in 3 and 9 in 10 are the bands two thirds and nine tenths of closes landed inside, in every held-out year since 2019.
• A horizon marked Earnings includes the report's jump; the others do not.