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Invesco National AMT-Free Municipal Bond ETF PZA

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Market dataready · fetched 2026-10-23T00:20:52.420Z

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 and implied move: recorded expiration-specific observations.

History data

PriceAlpaca · sip · 2026-10-23T00:00:00.127343303Z

FundamentalsAlpha Vantage · ready · fetched 2026-10-23T00:20:51.144557+00:00

Share price$21.76
1D-0.3%
AH$21.70$21.74$21.78$21.82$21.865:30 AM6:30 AM9:00 AM1:00 PM2:00 PMPZA
Sold putSold callAH

Invesco National AMT-Free Municipal Bond ETF options

Live interpolated PZA call and put midpoint premiums by absolute delta.Invesco National AMT-Free Municipal Bond ETF$0.04$0.31$0.58$0.85$1.11$19.72$20.74$21.76$22.78$23.8120Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive PZA spot · $21.76PZA PRICE$0.07$0.08$0.10$0.12$0.17$0.23$0.30$0.36$0.43$0.50$0.56$0.63$0.70$0.08$0.11$0.13$0.16$0.18$0.21$0.24$0.26$0.29$0.40$0.61$0.82$1.04
PutsCheap0.37×
CallsCheap0.34×
SkewBearish+0.94 pp
Implied moveBullish±$0.53
TiltBearish3.1% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ22.5710.7%4.0%21.219.8%2.9%
25Δ22.409.9%3.4%21.309.7%2.6%
30Δ22.249.2%2.7%21.409.5%2.3%
35Δ22.078.4%2.0%21.499.3%2.0%
40Δ21.948.2%1.6%21.589.1%1.7%
45Δ21.858.4%1.5%21.678.9%1.4%
50Δ21.768.6%1.4%21.768.7%1.1%
55Δ21.678.8%1.3%21.868.5%0.8%
60Δ21.589.0%1.1%21.958.4%0.4%
65Δ21.499.1%1.0%22.109.2%0.3%
70Δ21.399.3%0.9%22.3311.3%0.2%
75Δ21.309.5%0.8%22.5513.3%0.1%
80Δ21.219.7%0.7%22.7815.4%0.1%

20Δ

Calls
Pseudo strike
22.57
IV
10.7%
B/E move
4.0%
Puts
Pseudo strike
21.21
IV
9.8%
B/E move
2.9%

25Δ

Calls
Pseudo strike
22.40
IV
9.9%
B/E move
3.4%
Puts
Pseudo strike
21.30
IV
9.7%
B/E move
2.6%

30Δ

Calls
Pseudo strike
22.24
IV
9.2%
B/E move
2.7%
Puts
Pseudo strike
21.40
IV
9.5%
B/E move
2.3%

35Δ

Calls
Pseudo strike
22.07
IV
8.4%
B/E move
2.0%
Puts
Pseudo strike
21.49
IV
9.3%
B/E move
2.0%

40Δ

Calls
Pseudo strike
21.94
IV
8.2%
B/E move
1.6%
Puts
Pseudo strike
21.58
IV
9.1%
B/E move
1.7%

45Δ

Calls
Pseudo strike
21.85
IV
8.4%
B/E move
1.5%
Puts
Pseudo strike
21.67
IV
8.9%
B/E move
1.4%

50Δ

Calls
Pseudo strike
21.76
IV
8.6%
B/E move
1.4%
Puts
Pseudo strike
21.76
IV
8.7%
B/E move
1.1%

55Δ

Calls
Pseudo strike
21.67
IV
8.8%
B/E move
1.3%
Puts
Pseudo strike
21.86
IV
8.5%
B/E move
0.8%

60Δ

Calls
Pseudo strike
21.58
IV
9.0%
B/E move
1.1%
Puts
Pseudo strike
21.95
IV
8.4%
B/E move
0.4%

65Δ

Calls
Pseudo strike
21.49
IV
9.1%
B/E move
1.0%
Puts
Pseudo strike
22.10
IV
9.2%
B/E move
0.3%

70Δ

Calls
Pseudo strike
21.39
IV
9.3%
B/E move
0.9%
Puts
Pseudo strike
22.33
IV
11.3%
B/E move
0.2%

75Δ

Calls
Pseudo strike
21.30
IV
9.5%
B/E move
0.8%
Puts
Pseudo strike
22.55
IV
13.3%
B/E move
0.1%

80Δ

Calls
Pseudo strike
21.21
IV
9.7%
B/E move
0.7%
Puts
Pseudo strike
22.78
IV
15.4%
B/E move
0.1%

Options history

No recorded observations