IntraAlpha
Create free account Start free

Themes ETF Trust Leverage Shares 2X Long ARM Daily ETF ARMG

i

Market dataready · fetched 2026-11-11T14:55:17.890Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-11T14:55:13.993425132Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-11T14:55:17.024651+00:00

Share price$8.22
1D-2.6%
$8.03$8.13$8.24$8.34$8.445:30 AM6:30 AM9:00 AM1:00 PMARMG
Sold putSold call

Themes ETF Trust Leverage Shares 2X Long ARM Daily ETF options

Live interpolated ARMG call and put midpoint premiums by absolute delta.Themes ETF Trust Leverage Shares 2X Long ARM Daily ETF$0.18$0.90$1.62$2.34$3.06$4.63$6.42$8.20$9.98$11.7620Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive ARMG spot · $8.22ARMG PRICE$0.26$0.29$0.35$0.42$0.50$0.60$0.70$0.81$0.92$1.08$1.23$1.39$1.57$0.33$0.40$0.49$0.57$0.66$0.83$1.01$1.20$1.39$1.62$1.85$2.14$2.85
PutsCheap0.75×
CallsCheap0.73×
SkewBearish+5.61 pp
Implied moveBearish±$1.72
TiltBearish20.5% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ11.53208.7%43.5%6.58199.6%24.0%
25Δ10.31171.8%29.0%7.07175.6%18.8%
30Δ9.74159.6%22.8%7.37168.9%16.3%
35Δ9.38157.0%19.2%7.67162.2%13.7%
40Δ9.01154.4%15.7%7.96155.5%11.2%
45Δ8.75154.3%13.7%8.24157.2%9.9%
50Δ8.49154.2%11.8%8.52160.1%8.7%
55Δ8.23154.2%9.9%8.80162.9%7.5%
60Δ7.97154.1%8.1%9.09164.3%6.3%
65Δ7.71154.0%6.8%9.41161.8%5.3%
70Δ7.45153.8%5.6%9.72159.3%4.2%
75Δ7.19153.6%4.3%10.10158.4%3.2%
80Δ6.91151.8%3.2%10.87168.6%2.5%

20Δ

Calls
Pseudo strike
11.53
IV
208.7%
B/E move
43.5%
Puts
Pseudo strike
6.58
IV
199.6%
B/E move
24.0%

25Δ

Calls
Pseudo strike
10.31
IV
171.8%
B/E move
29.0%
Puts
Pseudo strike
7.07
IV
175.6%
B/E move
18.8%

30Δ

Calls
Pseudo strike
9.74
IV
159.6%
B/E move
22.8%
Puts
Pseudo strike
7.37
IV
168.9%
B/E move
16.3%

35Δ

Calls
Pseudo strike
9.38
IV
157.0%
B/E move
19.2%
Puts
Pseudo strike
7.67
IV
162.2%
B/E move
13.7%

40Δ

Calls
Pseudo strike
9.01
IV
154.4%
B/E move
15.7%
Puts
Pseudo strike
7.96
IV
155.5%
B/E move
11.2%

45Δ

Calls
Pseudo strike
8.75
IV
154.3%
B/E move
13.7%
Puts
Pseudo strike
8.24
IV
157.2%
B/E move
9.9%

50Δ

Calls
Pseudo strike
8.49
IV
154.2%
B/E move
11.8%
Puts
Pseudo strike
8.52
IV
160.1%
B/E move
8.7%

55Δ

Calls
Pseudo strike
8.23
IV
154.2%
B/E move
9.9%
Puts
Pseudo strike
8.80
IV
162.9%
B/E move
7.5%

60Δ

Calls
Pseudo strike
7.97
IV
154.1%
B/E move
8.1%
Puts
Pseudo strike
9.09
IV
164.3%
B/E move
6.3%

65Δ

Calls
Pseudo strike
7.71
IV
154.0%
B/E move
6.8%
Puts
Pseudo strike
9.41
IV
161.8%
B/E move
5.3%

70Δ

Calls
Pseudo strike
7.45
IV
153.8%
B/E move
5.6%
Puts
Pseudo strike
9.72
IV
159.3%
B/E move
4.2%

75Δ

Calls
Pseudo strike
7.19
IV
153.6%
B/E move
4.3%
Puts
Pseudo strike
10.10
IV
158.4%
B/E move
3.2%

80Δ

Calls
Pseudo strike
6.91
IV
151.8%
B/E move
3.2%
Puts
Pseudo strike
10.87
IV
168.6%
B/E move
2.5%

Options history

IV · four-Friday blend141.60%
Daily close
ARMG123.0%137.8%152.7%2026-08-20: 150.64%2026-08-21: 144.82%2026-08-24: 145.47%2026-08-25: 137.41%2026-08-28: 128.72%2026-08-31: 129.45%2026-09-01: 127.85%2026-09-02: 127.42%2026-09-03: 130.39%2026-09-04: 129.17%2026-09-08: 144.53%2026-09-10: 137.11%2026-09-14: 142.67%2026-09-15: 138.18%2026-09-16: 142.45%2026-09-17: 149.68%2026-09-28: 148.40%2026-09-29: 148.33%2026-09-30: 146.11%2026-10-01: 141.41%2026-10-02: 142.36%2026-10-05: 137.07%2026-10-06: 135.02%2026-10-07: 134.95%2026-10-08: 135.22%2026-10-09: 125.02%2026-10-12: 126.27%2026-10-13: 142.43%2026-10-14: 148.74%2026-10-15: 144.84%2026-10-16: 135.02%2026-10-19: 133.23%2026-10-20: 133.33%2026-10-21: 137.45%2026-10-22: 136.10%2026-10-23: 135.89%2026-10-26: 138.29%2026-10-27: 138.22%2026-10-29: 135.04%2026-10-30: 141.60%Aug 20Oct 1Oct 30
40 observations2026-08-20 — 2026-10-30
Table
DateIV (%)
150.64%
144.82%
145.47%
137.41%
128.72%
129.45%
127.85%
127.42%
130.39%
129.17%
144.53%
137.11%
142.67%
138.18%
142.45%
149.68%
148.40%
148.33%
146.11%
141.41%
142.36%
137.07%
135.02%
134.95%
135.22%
125.02%
126.27%
142.43%
148.74%
144.84%
135.02%
133.23%
133.33%
137.45%
136.10%
135.89%
138.29%
138.22%
135.04%
141.60%