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Defiance Daily Target 2X Long DRAM ETF DRAL

i

Market dataready · fetched 2026-11-12T01:31:49.180Z

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 · 2026-11-12T01:00:02.235956098Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-12T01:31:48.194439+00:00

Share price$5.55
1D+3.9%
AH$5.20$5.35$5.50$5.65$5.805:30 AM6:30 AM9:00 AM1:00 PM2:00 PMDRAL
Sold putSold callAH

Defiance Daily Target 2X Long DRAM ETF options

Live interpolated DRAL call and put midpoint premiums by absolute delta.Defiance Daily Target 2X Long DRAM ETF$0.14$0.48$0.82$1.16$1.50$3.37$4.46$5.56$6.66$7.7520Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive DRAL spot · $5.55DRAL PRICE$0.18$0.22$0.27$0.33$0.39$0.45$0.54$0.62$0.70$0.79$0.87$1.13$1.40$0.24$0.27$0.31$0.38$0.44$0.51$0.58$0.65$0.71$0.83$0.95$1.07$1.19
PutsCheap0.72×
CallsCheap0.90×
SkewBullish-38.99 pp
Implied moveBearish±$1.12
TiltBalanced1.4% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ7.88220.0%45.2%4.35218.8%25.8%
25Δ7.17195.3%33.1%4.70188.4%20.2%
30Δ6.79187.5%27.3%5.02161.0%15.1%
35Δ6.53184.9%23.6%5.18156.0%13.5%
40Δ6.26182.4%19.8%5.34151.0%11.8%
45Δ5.99179.8%16.1%5.50146.0%10.2%
50Δ5.79177.5%14.1%5.66141.0%8.5%
55Δ5.60175.3%12.1%5.82136.0%6.9%
60Δ5.40173.0%10.0%5.97131.0%5.2%
65Δ5.20170.7%8.0%6.14126.2%4.3%
70Δ5.01168.5%5.9%6.30121.5%3.6%
75Δ4.70188.5%5.0%6.46116.7%2.9%
80Δ4.38209.4%4.2%6.62112.0%2.1%

20Δ

Calls
Pseudo strike
7.88
IV
220.0%
B/E move
45.2%
Puts
Pseudo strike
4.35
IV
218.8%
B/E move
25.8%

25Δ

Calls
Pseudo strike
7.17
IV
195.3%
B/E move
33.1%
Puts
Pseudo strike
4.70
IV
188.4%
B/E move
20.2%

30Δ

Calls
Pseudo strike
6.79
IV
187.5%
B/E move
27.3%
Puts
Pseudo strike
5.02
IV
161.0%
B/E move
15.1%

35Δ

Calls
Pseudo strike
6.53
IV
184.9%
B/E move
23.6%
Puts
Pseudo strike
5.18
IV
156.0%
B/E move
13.5%

40Δ

Calls
Pseudo strike
6.26
IV
182.4%
B/E move
19.8%
Puts
Pseudo strike
5.34
IV
151.0%
B/E move
11.8%

45Δ

Calls
Pseudo strike
5.99
IV
179.8%
B/E move
16.1%
Puts
Pseudo strike
5.50
IV
146.0%
B/E move
10.2%

50Δ

Calls
Pseudo strike
5.79
IV
177.5%
B/E move
14.1%
Puts
Pseudo strike
5.66
IV
141.0%
B/E move
8.5%

55Δ

Calls
Pseudo strike
5.60
IV
175.3%
B/E move
12.1%
Puts
Pseudo strike
5.82
IV
136.0%
B/E move
6.9%

60Δ

Calls
Pseudo strike
5.40
IV
173.0%
B/E move
10.0%
Puts
Pseudo strike
5.97
IV
131.0%
B/E move
5.2%

65Δ

Calls
Pseudo strike
5.20
IV
170.7%
B/E move
8.0%
Puts
Pseudo strike
6.14
IV
126.2%
B/E move
4.3%

70Δ

Calls
Pseudo strike
5.01
IV
168.5%
B/E move
5.9%
Puts
Pseudo strike
6.30
IV
121.5%
B/E move
3.6%

75Δ

Calls
Pseudo strike
4.70
IV
188.5%
B/E move
5.0%
Puts
Pseudo strike
6.46
IV
116.7%
B/E move
2.9%

80Δ

Calls
Pseudo strike
4.38
IV
209.4%
B/E move
4.2%
Puts
Pseudo strike
6.62
IV
112.0%
B/E move
2.1%

Options history

IV · four-Friday blend120.74%
Daily EOD
DRAL107.9%114.8%121.7%2026-10-19: 108.84%2026-10-20: 110.91%2026-10-21: 109.48%2026-10-22: 117.58%2026-10-23: 115.01%2026-10-26: 114.79%2026-10-27: 114.63%2026-10-28: 113.23%2026-10-29: 113.92%2026-10-30: 120.74%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
108.84%
110.91%
109.48%
117.58%
115.01%
114.79%
114.63%
113.23%
113.92%
120.74%