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Direxion Daily Financial Bear 3x ETF FAZ

i

Market dataready · fetched 2026-11-06T14:03:47.786Z

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 · 2026-11-06T14:02:14.52205847Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-06T14:03:47.207979+00:00

Share price$32.50
1D+0.5%
$32.31$32.36$32.42$32.47$32.525:30 AM6:30 AM9:00 AM1:00 PMFAZ
Sold putSold call

Direxion Daily Financial Bear 3x ETF options

Live interpolated FAZ call and put midpoint premiums by absolute delta.Direxion Daily Financial Bear 3x ETF$0.17$2.18$4.20$6.22$8.24$26.79$29.35$31.92$34.49$37.0620Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80Δ20Δ P unavailable: no unambiguous, price-consistent delta bracketP —25Δ P unavailable: no unambiguous, price-consistent delta bracketP —30Δ P unavailable: no unambiguous, price-consistent delta bracketP —35Δ P unavailable: no unambiguous, price-consistent delta bracketP —45Δ P unavailable: no unambiguous, price-consistent delta bracketP —70Δ P unavailable: no unambiguous, price-consistent delta bracketP —75Δ P unavailable: no unambiguous, price-consistent delta bracketP —80Δ C/P unavailable: no unambiguous, price-consistent delta bracketC/P —OPTION PRICELive FAZ spot · $32.50FAZ PRICE$0.38$0.56$0.73$0.61$0.71$0.82$1.02$1.22$1.41$1.51$1.62$1.72$1.88$3.93$4.27$6.03$7.66
Puts——
Calls——
Skew——
Implied moveBearish±$4.95
Tilt——
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ35.9255.4%11.7%
25Δ35.4859.8%10.9%
30Δ35.0464.2%10.1%
35Δ33.7642.6%5.7%
40Δ33.3640.9%4.8%31.6491.7%8.4%
45Δ32.9639.7%4.0%
50Δ32.6341.1%3.5%33.64130.2%8.6%
55Δ32.3042.6%3.1%34.49122.9%7.0%
60Δ31.9743.6%2.7%36.35143.1%6.7%
65Δ31.7240.6%2.2%38.25153.6%5.9%
70Δ31.4637.6%1.8%
75Δ31.2034.6%1.3%
80Δ

20Δ

Calls
Pseudo strike
35.92
IV
55.4%
B/E move
11.7%
Puts
Pseudo strike
IV
B/E move

25Δ

Calls
Pseudo strike
35.48
IV
59.8%
B/E move
10.9%
Puts
Pseudo strike
IV
B/E move

30Δ

Calls
Pseudo strike
35.04
IV
64.2%
B/E move
10.1%
Puts
Pseudo strike
IV
B/E move

35Δ

Calls
Pseudo strike
33.76
IV
42.6%
B/E move
5.7%
Puts
Pseudo strike
IV
B/E move

40Δ

Calls
Pseudo strike
33.36
IV
40.9%
B/E move
4.8%
Puts
Pseudo strike
31.64
IV
91.7%
B/E move
8.4%

45Δ

Calls
Pseudo strike
32.96
IV
39.7%
B/E move
4.0%
Puts
Pseudo strike
IV
B/E move

50Δ

Calls
Pseudo strike
32.63
IV
41.1%
B/E move
3.5%
Puts
Pseudo strike
33.64
IV
130.2%
B/E move
8.6%

55Δ

Calls
Pseudo strike
32.30
IV
42.6%
B/E move
3.1%
Puts
Pseudo strike
34.49
IV
122.9%
B/E move
7.0%

60Δ

Calls
Pseudo strike
31.97
IV
43.6%
B/E move
2.7%
Puts
Pseudo strike
36.35
IV
143.1%
B/E move
6.7%

65Δ

Calls
Pseudo strike
31.72
IV
40.6%
B/E move
2.2%
Puts
Pseudo strike
38.25
IV
153.6%
B/E move
5.9%

70Δ

Calls
Pseudo strike
31.46
IV
37.6%
B/E move
1.8%
Puts
Pseudo strike
IV
B/E move

75Δ

Calls
Pseudo strike
31.20
IV
34.6%
B/E move
1.3%
Puts
Pseudo strike
IV
B/E move

80Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
IV
B/E move

Options history

IV · four-Friday blend54.22%
Daily close
FAZ39.5%48.5%57.5%2026-08-10: 45.31%2026-08-11: 45.23%2026-08-12: 43.34%2026-08-13: 40.76%2026-08-14: 42.60%2026-08-17: 44.19%2026-08-18: 44.53%2026-08-19: 46.94%2026-08-21: 47.67%2026-08-24: 47.54%2026-08-25: 48.09%2026-08-26: 48.75%2026-08-27: 50.76%2026-08-28: 48.99%2026-08-31: 49.52%2026-09-01: 49.76%2026-09-02: 48.07%2026-09-03: 47.15%2026-09-04: 48.65%2026-09-08: 51.78%2026-09-09: 52.52%2026-09-10: 51.38%2026-09-11: 48.99%2026-09-14: 52.00%2026-09-15: 53.32%2026-09-16: 54.18%2026-09-17: 52.65%2026-09-18: 48.74%2026-09-21: 47.63%2026-09-22: 49.85%2026-09-23: 50.75%2026-09-24: 51.28%2026-09-25: 47.38%2026-09-28: 50.42%2026-09-29: 51.03%2026-09-30: 49.15%2026-10-01: 53.03%2026-10-02: 51.38%2026-10-05: 52.56%2026-10-06: 52.26%2026-10-07: 51.57%2026-10-08: 52.20%2026-10-09: 55.93%2026-10-12: 52.68%2026-10-13: 53.35%2026-10-14: 51.26%2026-10-15: 52.01%2026-10-16: 47.83%2026-10-19: 51.57%2026-10-20: 49.63%2026-10-21: 51.05%2026-10-22: 48.53%2026-10-23: 51.96%2026-10-26: 54.15%2026-10-27: 55.38%2026-10-28: 56.22%2026-10-29: 52.95%2026-10-30: 54.22%Aug 10Sep 21Oct 30
58 observations2026-08-10 — 2026-10-30
Table
DateIV (%)
45.31%
45.23%
43.34%
40.76%
42.60%
44.19%
44.53%
46.94%
47.67%
47.54%
48.09%
48.75%
50.76%
48.99%
49.52%
49.76%
48.07%
47.15%
48.65%
51.78%
52.52%
51.38%
48.99%
52.00%
53.32%
54.18%
52.65%
48.74%
47.63%
49.85%
50.75%
51.28%
47.38%
50.42%
51.03%
49.15%
53.03%
51.38%
52.56%
52.26%
51.57%
52.20%
55.93%
52.68%
53.35%
51.26%
52.01%
47.83%
51.57%
49.63%
51.05%
48.53%
51.96%
54.15%
55.38%
56.22%
52.95%
54.22%