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UPAR Ultra Risk Parity ETF UPAR

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Market dataready · fetched 2026-11-12T02:43:41.347Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-12-18

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 · 2026-11-12T01:00:00.138087193Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-12T02:43:40.849253+00:00

Share price$15.12
1D+0.3%
AH$15.06$15.08$15.09$15.11$15.135:30 AM6:30 AM9:00 AM1:00 PM2:00 PMUPAR
Sold putSold callAH

UPAR Ultra Risk Parity ETF options

Live interpolated UPAR call and put midpoint premiums by absolute delta.UPAR Ultra Risk Parity ETF$0.45$0.69$0.93$1.18$1.42$12.86$14.04$15.22$16.40$17.5820Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive UPAR spot · $15.12UPAR PRICE$0.47$0.47$0.47$0.47$0.50$0.53$0.57$0.61$0.68$0.77$0.86$0.96$1.05$0.47$0.47$0.48$0.50$0.51$0.55$0.62$0.69$0.76$0.84$0.91$0.99$1.35
PutsExpensive2.43×
CallsExpensive2.64×
SkewBullish-4.28 pp
Implied moveBearish±$1.19
TiltBearish4.1% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ21.07102.7%42.5%12.6679.3%19.4%
25Δ18.3574.7%24.5%13.5361.5%13.7%
30Δ16.9857.1%15.5%14.1249.4%9.8%
35Δ16.2946.2%10.9%14.4542.9%7.7%
40Δ15.8639.6%8.2%14.7936.4%5.6%
45Δ15.6136.2%6.8%15.0631.7%4.0%
50Δ15.3632.8%5.4%15.2230.3%3.5%
55Δ15.1129.3%4.0%15.3728.9%2.9%
60Δ14.9127.2%3.1%15.5327.5%2.3%
65Δ14.7626.1%2.7%15.6926.1%1.7%
70Δ14.6025.1%2.3%15.8524.7%1.2%
75Δ14.4424.0%1.9%16.0223.5%0.6%
80Δ14.2923.0%1.5%16.4025.9%0.4%

20Δ

Calls
Pseudo strike
21.07
IV
102.7%
B/E move
42.5%
Puts
Pseudo strike
12.66
IV
79.3%
B/E move
19.4%

25Δ

Calls
Pseudo strike
18.35
IV
74.7%
B/E move
24.5%
Puts
Pseudo strike
13.53
IV
61.5%
B/E move
13.7%

30Δ

Calls
Pseudo strike
16.98
IV
57.1%
B/E move
15.5%
Puts
Pseudo strike
14.12
IV
49.4%
B/E move
9.8%

35Δ

Calls
Pseudo strike
16.29
IV
46.2%
B/E move
10.9%
Puts
Pseudo strike
14.45
IV
42.9%
B/E move
7.7%

40Δ

Calls
Pseudo strike
15.86
IV
39.6%
B/E move
8.2%
Puts
Pseudo strike
14.79
IV
36.4%
B/E move
5.6%

45Δ

Calls
Pseudo strike
15.61
IV
36.2%
B/E move
6.8%
Puts
Pseudo strike
15.06
IV
31.7%
B/E move
4.0%

50Δ

Calls
Pseudo strike
15.36
IV
32.8%
B/E move
5.4%
Puts
Pseudo strike
15.22
IV
30.3%
B/E move
3.5%

55Δ

Calls
Pseudo strike
15.11
IV
29.3%
B/E move
4.0%
Puts
Pseudo strike
15.37
IV
28.9%
B/E move
2.9%

60Δ

Calls
Pseudo strike
14.91
IV
27.2%
B/E move
3.1%
Puts
Pseudo strike
15.53
IV
27.5%
B/E move
2.3%

65Δ

Calls
Pseudo strike
14.76
IV
26.1%
B/E move
2.7%
Puts
Pseudo strike
15.69
IV
26.1%
B/E move
1.7%

70Δ

Calls
Pseudo strike
14.60
IV
25.1%
B/E move
2.3%
Puts
Pseudo strike
15.85
IV
24.7%
B/E move
1.2%

75Δ

Calls
Pseudo strike
14.44
IV
24.0%
B/E move
1.9%
Puts
Pseudo strike
16.02
IV
23.5%
B/E move
0.6%

80Δ

Calls
Pseudo strike
14.29
IV
23.0%
B/E move
1.5%
Puts
Pseudo strike
16.40
IV
25.9%
B/E move
0.4%

Options history

IV · four-Friday blend40.25%
Daily EOD
UPAR32.1%76.2%120.3%2026-10-19: 114.22%2026-10-20: 68.10%2026-10-21: 66.81%2026-10-22: 91.21%2026-10-23: 86.68%2026-10-26: 109.57%2026-10-27: 38.21%2026-10-28: 56.98%2026-10-29: 72.49%2026-10-30: 40.25%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
114.22%
68.10%
66.81%
91.21%
86.68%
109.57%
38.21%
56.98%
72.49%
40.25%