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Themes ETF Trust Leverage Shares 2X Long ECHO Daily ETF ECHX

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Market dataready · fetched 2026-11-12T01:22:39.678Z

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 · 2026-11-11T21:00:00.142201116Z

FundamentalsLeverage Shares · ready · as of 2026-11-12 · fetched 2026-11-12T01:22:39.273126+00:00

Share price$9.59
1D-3.6%
AH$9.47$9.62$9.78$9.94$10.095:30 AM6:30 AM9:00 AM1:00 PM2:00 PMECHX
Sold putSold callAH

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

Live interpolated ECHX call and put midpoint premiums by absolute delta.Themes ETF Trust Leverage Shares 2X Long ECHO Daily ETF$0.21$0.99$1.78$2.57$3.36$6.33$7.89$9.45$11.01$12.5820Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive ECHX spot · $9.59ECHX PRICE$0.29$0.34$0.42$0.50$0.62$0.73$0.84$0.92$1.00$1.08$1.25$1.44$1.62$0.29$0.41$0.52$0.63$0.73$0.84$0.94$1.09$1.38$1.67$2.05$2.53$3.13
PutsCheap0.84×
CallsFair0.97×
SkewBullish-4.61 pp
Implied moveBearish±$1.79
TiltBearish18.9% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ13.20203.3%40.7%8.06155.5%19.0%
25Δ11.92171.7%27.9%8.37154.8%16.9%
30Δ11.40165.1%23.2%8.69154.2%14.8%
35Δ10.92160.5%19.2%9.00153.5%12.6%
40Δ10.59162.5%16.9%9.27147.8%11.0%
45Δ10.26164.4%14.7%9.53142.0%9.3%
50Δ9.93163.6%12.4%9.80136.3%7.6%
55Δ9.64153.7%10.2%10.09133.5%6.2%
60Δ9.35143.8%8.0%10.45140.2%5.5%
65Δ9.06133.9%5.8%10.81146.9%4.7%
70Δ8.78131.3%4.6%11.25154.8%4.0%
75Δ8.50130.7%3.7%11.81164.1%3.2%
80Δ8.22130.1%2.7%12.48171.1%2.5%

20Δ

Calls
Pseudo strike
13.20
IV
203.3%
B/E move
40.7%
Puts
Pseudo strike
8.06
IV
155.5%
B/E move
19.0%

25Δ

Calls
Pseudo strike
11.92
IV
171.7%
B/E move
27.9%
Puts
Pseudo strike
8.37
IV
154.8%
B/E move
16.9%

30Δ

Calls
Pseudo strike
11.40
IV
165.1%
B/E move
23.2%
Puts
Pseudo strike
8.69
IV
154.2%
B/E move
14.8%

35Δ

Calls
Pseudo strike
10.92
IV
160.5%
B/E move
19.2%
Puts
Pseudo strike
9.00
IV
153.5%
B/E move
12.6%

40Δ

Calls
Pseudo strike
10.59
IV
162.5%
B/E move
16.9%
Puts
Pseudo strike
9.27
IV
147.8%
B/E move
11.0%

45Δ

Calls
Pseudo strike
10.26
IV
164.4%
B/E move
14.7%
Puts
Pseudo strike
9.53
IV
142.0%
B/E move
9.3%

50Δ

Calls
Pseudo strike
9.93
IV
163.6%
B/E move
12.4%
Puts
Pseudo strike
9.80
IV
136.3%
B/E move
7.6%

55Δ

Calls
Pseudo strike
9.64
IV
153.7%
B/E move
10.2%
Puts
Pseudo strike
10.09
IV
133.5%
B/E move
6.2%

60Δ

Calls
Pseudo strike
9.35
IV
143.8%
B/E move
8.0%
Puts
Pseudo strike
10.45
IV
140.2%
B/E move
5.5%

65Δ

Calls
Pseudo strike
9.06
IV
133.9%
B/E move
5.8%
Puts
Pseudo strike
10.81
IV
146.9%
B/E move
4.7%

70Δ

Calls
Pseudo strike
8.78
IV
131.3%
B/E move
4.6%
Puts
Pseudo strike
11.25
IV
154.8%
B/E move
4.0%

75Δ

Calls
Pseudo strike
8.50
IV
130.7%
B/E move
3.7%
Puts
Pseudo strike
11.81
IV
164.1%
B/E move
3.2%

80Δ

Calls
Pseudo strike
8.22
IV
130.1%
B/E move
2.7%
Puts
Pseudo strike
12.48
IV
171.1%
B/E move
2.5%

Options history

IV · four-Friday blend114.57%
Daily EOD
ECHX95.1%105.6%116.0%2026-10-19: 109.80%2026-10-20: 96.58%2026-10-21: 101.42%2026-10-22: 102.83%2026-10-23: 101.53%2026-10-26: 104.61%2026-10-27: 103.48%2026-10-28: 106.30%2026-10-29: 113.97%2026-10-30: 114.57%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
109.80%
96.58%
101.42%
102.83%
101.53%
104.61%
103.48%
106.30%
113.97%
114.57%