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Direxion Daily Small Cap Bear 3x ETF TZA

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Market dataready · fetched 2026-10-15T20:04:57.446Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-10-16

Calculation methodology

PriceAlpaca · sip · 2026-10-15T20:03:49.440121204Z

FundamentalsAlpha Vantage · ready

Share price$49.05
1D-3.8%
AH$48.83$49.52$50.21$50.90$51.595:30 AM6:30 AM9:00 AM1:00 PM2:00 PMTZA
Sold putSold callAH

Direxion Daily Small Cap Bear 3x ETF options

Live interpolated TZA call and put midpoint premiums by absolute delta.Direxion Daily Small Cap Bear 3x ETF$0.13$0.69$1.24$1.80$2.35$46.59$47.89$49.20$50.50$51.8020Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔATM · $49.05OPTION PRICELive TZA spot · $49.05TZA PRICE$0.30$0.26$0.29$0.36$0.44$0.51$0.59$0.75$0.98$1.21$1.44$1.81$2.19$0.19$0.23$0.28$0.33$0.38$0.43$0.52$0.65$0.78$0.91$1.04$1.17$1.30
PutsCheap0.70×
CallsExpensive1.96×
SkewBullish-18.52 pp
Implied moveBullish±$1.10
TiltBullish15.3% CALL
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ51.70111.8%6.0%47.6067.0%3.3%
25Δ50.5074.2%3.5%48.0559.5%2.5%
30Δ49.8858.3%2.3%48.2656.7%2.2%
35Δ49.6858.2%2.0%48.4754.0%1.9%
40Δ49.4858.1%1.8%48.6851.3%1.5%
45Δ49.2858.0%1.5%48.8948.6%1.2%
50Δ49.0857.9%1.3%49.0947.7%1.0%
55Δ48.8461.6%1.1%49.2749.0%0.9%
60Δ48.5767.9%1.0%49.4650.4%0.7%
65Δ48.2974.3%0.9%49.6551.7%0.6%
70Δ48.0280.7%0.8%49.8353.0%0.5%
75Δ47.5886.5%0.7%50.0254.3%0.4%
80Δ47.1392.2%0.6%50.2155.7%0.3%

20Δ

Calls
Pseudo strike
51.70
IV
111.8%
B/E move
6.0%
Puts
Pseudo strike
47.60
IV
67.0%
B/E move
3.3%

25Δ

Calls
Pseudo strike
50.50
IV
74.2%
B/E move
3.5%
Puts
Pseudo strike
48.05
IV
59.5%
B/E move
2.5%

30Δ

Calls
Pseudo strike
49.88
IV
58.3%
B/E move
2.3%
Puts
Pseudo strike
48.26
IV
56.7%
B/E move
2.2%

35Δ

Calls
Pseudo strike
49.68
IV
58.2%
B/E move
2.0%
Puts
Pseudo strike
48.47
IV
54.0%
B/E move
1.9%

40Δ

Calls
Pseudo strike
49.48
IV
58.1%
B/E move
1.8%
Puts
Pseudo strike
48.68
IV
51.3%
B/E move
1.5%

45Δ

Calls
Pseudo strike
49.28
IV
58.0%
B/E move
1.5%
Puts
Pseudo strike
48.89
IV
48.6%
B/E move
1.2%

50Δ

Calls
Pseudo strike
49.08
IV
57.9%
B/E move
1.3%
Puts
Pseudo strike
49.09
IV
47.7%
B/E move
1.0%

55Δ

Calls
Pseudo strike
48.84
IV
61.6%
B/E move
1.1%
Puts
Pseudo strike
49.27
IV
49.0%
B/E move
0.9%

60Δ

Calls
Pseudo strike
48.57
IV
67.9%
B/E move
1.0%
Puts
Pseudo strike
49.46
IV
50.4%
B/E move
0.7%

65Δ

Calls
Pseudo strike
48.29
IV
74.3%
B/E move
0.9%
Puts
Pseudo strike
49.65
IV
51.7%
B/E move
0.6%

70Δ

Calls
Pseudo strike
48.02
IV
80.7%
B/E move
0.8%
Puts
Pseudo strike
49.83
IV
53.0%
B/E move
0.5%

75Δ

Calls
Pseudo strike
47.58
IV
86.5%
B/E move
0.7%
Puts
Pseudo strike
50.02
IV
54.3%
B/E move
0.4%

80Δ

Calls
Pseudo strike
47.13
IV
92.2%
B/E move
0.6%
Puts
Pseudo strike
50.21
IV
55.7%
B/E move
0.3%