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Direxion Daily Small Cap Bear 3x ETF TZA

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Market dataready · fetched 2026-10-15T23:41:13.426Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

PriceAlpaca · sip · 2026-10-15T23:40:39.222799813Z

FundamentalsAlpha Vantage · ready

Share price$49.26
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$0.64$3.78$6.91$10.04$13.18$38.07$43.64$49.20$54.76$60.3220Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive TZA spot · $49.26TZA PRICE$1.04$1.35$1.66$1.99$2.42$2.80$3.06$3.65$4.11$4.63$5.17$5.86$6.72$0.98$1.33$1.83$2.22$2.68$3.38$4.03$4.83$5.76$6.66$8.12$10.05$12.27
PutsExpensive1.31×
CallsExpensive1.10×
SkewBearish+0.81 pp
Implied moveBearish±$7.09
TiltBearish18.1% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ60.2266.1%24.4%43.6452.3%13.4%
25Δ58.0463.9%20.5%44.8252.9%11.7%
30Δ55.9461.9%16.9%45.8056.2%10.8%
35Δ54.1760.4%14.0%46.9655.1%9.2%
40Δ52.8861.0%12.3%48.0554.8%7.9%
45Δ51.5259.4%10.3%49.1457.5%7.1%
50Δ50.2155.1%8.1%50.2857.9%6.1%
55Δ49.1256.6%7.1%51.5159.0%5.2%
60Δ48.0455.3%5.9%52.8360.4%4.5%
65Δ46.9954.2%4.8%54.1460.1%3.6%
70Δ45.9752.7%3.8%55.9461.8%2.9%
75Δ44.8852.1%3.0%58.1864.8%2.3%
80Δ43.6851.9%2.3%60.7068.2%1.7%

20Δ

Calls
Pseudo strike
60.22
IV
66.1%
B/E move
24.4%
Puts
Pseudo strike
43.64
IV
52.3%
B/E move
13.4%

25Δ

Calls
Pseudo strike
58.04
IV
63.9%
B/E move
20.5%
Puts
Pseudo strike
44.82
IV
52.9%
B/E move
11.7%

30Δ

Calls
Pseudo strike
55.94
IV
61.9%
B/E move
16.9%
Puts
Pseudo strike
45.80
IV
56.2%
B/E move
10.8%

35Δ

Calls
Pseudo strike
54.17
IV
60.4%
B/E move
14.0%
Puts
Pseudo strike
46.96
IV
55.1%
B/E move
9.2%

40Δ

Calls
Pseudo strike
52.88
IV
61.0%
B/E move
12.3%
Puts
Pseudo strike
48.05
IV
54.8%
B/E move
7.9%

45Δ

Calls
Pseudo strike
51.52
IV
59.4%
B/E move
10.3%
Puts
Pseudo strike
49.14
IV
57.5%
B/E move
7.1%

50Δ

Calls
Pseudo strike
50.21
IV
55.1%
B/E move
8.1%
Puts
Pseudo strike
50.28
IV
57.9%
B/E move
6.1%

55Δ

Calls
Pseudo strike
49.12
IV
56.6%
B/E move
7.1%
Puts
Pseudo strike
51.51
IV
59.0%
B/E move
5.2%

60Δ

Calls
Pseudo strike
48.04
IV
55.3%
B/E move
5.9%
Puts
Pseudo strike
52.83
IV
60.4%
B/E move
4.5%

65Δ

Calls
Pseudo strike
46.99
IV
54.2%
B/E move
4.8%
Puts
Pseudo strike
54.14
IV
60.1%
B/E move
3.6%

70Δ

Calls
Pseudo strike
45.97
IV
52.7%
B/E move
3.8%
Puts
Pseudo strike
55.94
IV
61.8%
B/E move
2.9%

75Δ

Calls
Pseudo strike
44.88
IV
52.1%
B/E move
3.0%
Puts
Pseudo strike
58.18
IV
64.8%
B/E move
2.3%

80Δ

Calls
Pseudo strike
43.68
IV
51.9%
B/E move
2.3%
Puts
Pseudo strike
60.70
IV
68.2%
B/E move
1.7%