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Themes ETF Trust Leverage Shares 2X Long PANW Daily ETF PANG

i

Market dataready · fetched 2026-11-13T01:29:02.789Z

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 · 2026-11-12T23:35:55.397597139Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-13T01:29:01.223360+00:00

Share price$23.85
1D-1.6%
AH$22.62$23.06$23.50$23.94$24.385:30 AM6:30 AM9:00 AM1:00 PM2:00 PMPANG
Sold putSold callAH

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

Live interpolated PANG call and put midpoint premiums by absolute delta.Themes ETF Trust Leverage Shares 2X Long PANW Daily ETF$0.43$2.61$4.78$6.96$9.13$15.71$19.81$23.91$28.02$32.1220Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive PANG spot · $23.85PANG PRICE$0.67$0.90$1.12$1.37$1.66$1.98$2.31$2.68$3.06$3.44$3.91$4.48$5.13$0.87$1.16$1.45$1.76$2.19$2.63$3.06$3.72$4.48$5.27$6.22$7.25$8.50
PutsFair1.02×
CallsExpensive1.31×
SkewBullish-3.71 pp
Implied moveBearish±$5.37
TiltBearish19.5% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ31.52193.0%35.0%19.56192.7%21.6%
25Δ30.27197.9%30.7%20.57187.7%18.6%
30Δ28.88194.6%25.8%21.44185.6%16.2%
35Δ27.71190.9%21.9%22.33177.9%13.7%
40Δ26.70190.8%18.9%23.14178.7%12.2%
45Δ25.78192.2%16.4%23.94179.6%10.6%
50Δ24.87193.1%14.0%24.75180.4%9.1%
55Δ24.02191.5%12.0%25.70184.6%7.9%
60Δ23.16189.9%9.9%26.71190.4%6.8%
65Δ22.30188.3%7.9%27.76192.8%5.7%
70Δ21.44188.1%6.3%28.96197.3%4.6%
75Δ20.54189.1%4.9%30.23196.9%3.6%
80Δ19.60190.0%3.7%31.71196.6%2.7%

20Δ

Calls
Pseudo strike
31.52
IV
193.0%
B/E move
35.0%
Puts
Pseudo strike
19.56
IV
192.7%
B/E move
21.6%

25Δ

Calls
Pseudo strike
30.27
IV
197.9%
B/E move
30.7%
Puts
Pseudo strike
20.57
IV
187.7%
B/E move
18.6%

30Δ

Calls
Pseudo strike
28.88
IV
194.6%
B/E move
25.8%
Puts
Pseudo strike
21.44
IV
185.6%
B/E move
16.2%

35Δ

Calls
Pseudo strike
27.71
IV
190.9%
B/E move
21.9%
Puts
Pseudo strike
22.33
IV
177.9%
B/E move
13.7%

40Δ

Calls
Pseudo strike
26.70
IV
190.8%
B/E move
18.9%
Puts
Pseudo strike
23.14
IV
178.7%
B/E move
12.2%

45Δ

Calls
Pseudo strike
25.78
IV
192.2%
B/E move
16.4%
Puts
Pseudo strike
23.94
IV
179.6%
B/E move
10.6%

50Δ

Calls
Pseudo strike
24.87
IV
193.1%
B/E move
14.0%
Puts
Pseudo strike
24.75
IV
180.4%
B/E move
9.1%

55Δ

Calls
Pseudo strike
24.02
IV
191.5%
B/E move
12.0%
Puts
Pseudo strike
25.70
IV
184.6%
B/E move
7.9%

60Δ

Calls
Pseudo strike
23.16
IV
189.9%
B/E move
9.9%
Puts
Pseudo strike
26.71
IV
190.4%
B/E move
6.8%

65Δ

Calls
Pseudo strike
22.30
IV
188.3%
B/E move
7.9%
Puts
Pseudo strike
27.76
IV
192.8%
B/E move
5.7%

70Δ

Calls
Pseudo strike
21.44
IV
188.1%
B/E move
6.3%
Puts
Pseudo strike
28.96
IV
197.3%
B/E move
4.6%

75Δ

Calls
Pseudo strike
20.54
IV
189.1%
B/E move
4.9%
Puts
Pseudo strike
30.23
IV
196.9%
B/E move
3.6%

80Δ

Calls
Pseudo strike
19.60
IV
190.0%
B/E move
3.7%
Puts
Pseudo strike
31.71
IV
196.6%
B/E move
2.7%

Options history

IV · four-Friday blend125.22%
Daily EOD
PANG105.7%116.2%126.7%2026-10-19: 109.51%2026-10-20: 108.46%2026-10-21: 107.13%2026-10-22: 112.74%2026-10-23: 117.62%2026-10-26: 117.51%2026-10-27: 117.65%2026-10-28: 116.93%2026-10-29: 116.44%2026-10-30: 125.22%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
109.51%
108.46%
107.13%
112.74%
117.62%
117.51%
117.65%
116.93%
116.44%
125.22%