Daily expected move doesn’t account for SPX price “inflation.”

When the SPX was trading at 5800 a year or two ago, the daily expected move was around 30-32, well now that its trading at 7400, the daily expected move is still around 30-32.

A 30 point move is a lot bigger % move when the SPX is at 5800 versus 7400. For example, a 30 pt move on a 5800 SPX is 0.50%, a 30 point move on a 7500 SPX is 0.40%. And yes, that’s enormous when 0dte have VERY little room for error.

It’s just odd to me that expected daily move doesn’t account for this.