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Tidal Trust II Defiance Daily Target 2x Short MSTR ETF SMST

i

Market dataready · fetched 2026-11-12T15:28:21.389Z

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 · 2026-11-12T15:28:19.775592525Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-12T15:28:20.541832+00:00

Share price$19.52
1D+0.7%
$19.25$19.44$19.63$19.82$20.015:30 AM6:30 AM9:00 AM1:00 PMSMST
Sold putSold call

Tidal Trust II Defiance Daily Target 2x Short MSTR ETF options

Live interpolated SMST call and put midpoint premiums by absolute delta.Tidal Trust II Defiance Daily Target 2x Short MSTR ETF$0.50$2.24$3.98$5.72$7.46$10.96$14.87$18.79$22.70$26.6220Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80Δ20Δ C unavailable: no unambiguous, price-consistent delta bracketC —OPTION PRICELive SMST spot · $19.52SMST PRICE$0.69$0.89$0.94$1.23$1.52$1.80$2.07$2.38$2.85$3.20$3.51$4.03$0.78$0.93$1.12$1.43$1.86$2.18$2.53$2.91$3.35$3.93$4.74$5.72$6.96
PutsFair1.02×
Calls——
Skew——
Implied moveBearish±$4.32
Tilt——
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ15.80204.9%23.0%
25Δ23.98169.5%26.4%16.84183.6%18.5%
30Δ23.34179.2%24.1%17.61175.0%15.5%
35Δ21.89154.7%17.0%18.30177.2%13.6%
40Δ21.43168.2%16.1%18.93189.2%12.5%
45Δ20.94180.7%15.1%19.60186.4%10.8%
50Δ20.26182.1%13.0%20.26182.6%9.1%
55Δ19.59181.7%11.0%20.93179.8%7.7%
60Δ18.92181.6%9.1%21.62177.4%6.4%
65Δ18.22191.4%8.0%22.41178.1%5.3%
70Δ17.57187.8%6.4%23.40182.3%4.4%
75Δ16.92179.0%4.6%24.55185.7%3.5%
80Δ16.17177.7%3.5%25.95191.7%2.7%

20Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
15.80
IV
204.9%
B/E move
23.0%

25Δ

Calls
Pseudo strike
23.98
IV
169.5%
B/E move
26.4%
Puts
Pseudo strike
16.84
IV
183.6%
B/E move
18.5%

30Δ

Calls
Pseudo strike
23.34
IV
179.2%
B/E move
24.1%
Puts
Pseudo strike
17.61
IV
175.0%
B/E move
15.5%

35Δ

Calls
Pseudo strike
21.89
IV
154.7%
B/E move
17.0%
Puts
Pseudo strike
18.30
IV
177.2%
B/E move
13.6%

40Δ

Calls
Pseudo strike
21.43
IV
168.2%
B/E move
16.1%
Puts
Pseudo strike
18.93
IV
189.2%
B/E move
12.5%

45Δ

Calls
Pseudo strike
20.94
IV
180.7%
B/E move
15.1%
Puts
Pseudo strike
19.60
IV
186.4%
B/E move
10.8%

50Δ

Calls
Pseudo strike
20.26
IV
182.1%
B/E move
13.0%
Puts
Pseudo strike
20.26
IV
182.6%
B/E move
9.1%

55Δ

Calls
Pseudo strike
19.59
IV
181.7%
B/E move
11.0%
Puts
Pseudo strike
20.93
IV
179.8%
B/E move
7.7%

60Δ

Calls
Pseudo strike
18.92
IV
181.6%
B/E move
9.1%
Puts
Pseudo strike
21.62
IV
177.4%
B/E move
6.4%

65Δ

Calls
Pseudo strike
18.22
IV
191.4%
B/E move
8.0%
Puts
Pseudo strike
22.41
IV
178.1%
B/E move
5.3%

70Δ

Calls
Pseudo strike
17.57
IV
187.8%
B/E move
6.4%
Puts
Pseudo strike
23.40
IV
182.3%
B/E move
4.4%

75Δ

Calls
Pseudo strike
16.92
IV
179.0%
B/E move
4.6%
Puts
Pseudo strike
24.55
IV
185.7%
B/E move
3.5%

80Δ

Calls
Pseudo strike
16.17
IV
177.7%
B/E move
3.5%
Puts
Pseudo strike
25.95
IV
191.7%
B/E move
2.7%

Options history

IV · four-Friday blend153.20%
Daily EOD
SMST141.0%147.5%154.1%2026-10-19: 141.89%2026-10-20: 145.22%2026-10-21: 142.72%2026-10-22: 144.99%2026-10-23: 148.49%2026-10-26: 151.93%2026-10-27: 145.66%2026-10-28: 145.66%2026-10-29: 145.13%2026-10-30: 153.20%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
141.89%
145.22%
142.72%
144.99%
148.49%
151.93%
145.66%
145.66%
145.13%
153.20%