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Direxion Daily Small Cap Bear 3x ETF TZA

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Market dataready · fetched 2026-10-15T21:17:03.310Z

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

Calculation methodology

PriceAlpaca · sip · 2026-10-15T21:08:33.861700697Z

FundamentalsAlpha Vantage · ready

Share price$49.12
1D-3.9%
AH$48.72$49.44$50.16$50.88$51.605:30 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$0.14$0.64$1.13$1.62$2.12$46.68$47.96$49.24$50.52$51.7920Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔATM · $49.12OPTION PRICELive TZA spot · $49.12TZA PRICE$0.30$0.27$0.28$0.35$0.42$0.49$0.56$0.66$0.88$1.11$1.33$1.61$1.98$0.19$0.24$0.29$0.34$0.40$0.45$0.58$0.72$0.86$1.00$1.14
PutsCheap0.74×
CallsExpensive1.80×
SkewBullish-10.26 pp
Implied moveBalanced±$1.14
TiltBullish24.6% CALL
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ51.76114.6%6.0%47.6669.8%3.4%
25Δ50.6477.5%3.6%48.0862.7%2.6%
30Δ49.9255.9%2.2%48.3059.7%2.3%
35Δ49.7355.6%1.9%48.5256.7%1.9%
40Δ49.5455.2%1.7%48.7553.7%1.6%
45Δ49.3554.9%1.5%48.9750.7%1.2%
50Δ49.1654.5%1.2%49.1752.0%1.1%
55Δ48.9555.2%1.0%49.3754.0%0.9%
60Δ48.6960.8%0.9%49.5755.9%0.8%
65Δ48.4266.5%0.8%49.7757.9%0.7%
70Δ48.1572.2%0.7%49.9759.9%0.6%
75Δ47.8177.2%0.6%
80Δ47.3981.3%0.5%

20Δ

Calls
Pseudo strike
51.76
IV
114.6%
B/E move
6.0%
Puts
Pseudo strike
47.66
IV
69.8%
B/E move
3.4%

25Δ

Calls
Pseudo strike
50.64
IV
77.5%
B/E move
3.6%
Puts
Pseudo strike
48.08
IV
62.7%
B/E move
2.6%

30Δ

Calls
Pseudo strike
49.92
IV
55.9%
B/E move
2.2%
Puts
Pseudo strike
48.30
IV
59.7%
B/E move
2.3%

35Δ

Calls
Pseudo strike
49.73
IV
55.6%
B/E move
1.9%
Puts
Pseudo strike
48.52
IV
56.7%
B/E move
1.9%

40Δ

Calls
Pseudo strike
49.54
IV
55.2%
B/E move
1.7%
Puts
Pseudo strike
48.75
IV
53.7%
B/E move
1.6%

45Δ

Calls
Pseudo strike
49.35
IV
54.9%
B/E move
1.5%
Puts
Pseudo strike
48.97
IV
50.7%
B/E move
1.2%

50Δ

Calls
Pseudo strike
49.16
IV
54.5%
B/E move
1.2%
Puts
Pseudo strike
49.17
IV
52.0%
B/E move
1.1%

55Δ

Calls
Pseudo strike
48.95
IV
55.2%
B/E move
1.0%
Puts
Pseudo strike
49.37
IV
54.0%
B/E move
0.9%

60Δ

Calls
Pseudo strike
48.69
IV
60.8%
B/E move
0.9%
Puts
Pseudo strike
49.57
IV
55.9%
B/E move
0.8%

65Δ

Calls
Pseudo strike
48.42
IV
66.5%
B/E move
0.8%
Puts
Pseudo strike
49.77
IV
57.9%
B/E move
0.7%

70Δ

Calls
Pseudo strike
48.15
IV
72.2%
B/E move
0.7%
Puts
Pseudo strike
49.97
IV
59.9%
B/E move
0.6%

75Δ

Calls
Pseudo strike
47.81
IV
77.2%
B/E move
0.6%
Puts
Pseudo strike
IV
B/E move

80Δ

Calls
Pseudo strike
47.39
IV
81.3%
B/E move
0.5%
Puts
Pseudo strike
IV
B/E move