Direxion Daily Small Cap Bear 3X ETF (TZA)'s 30-day implied volatility (IV30) was 63.5% at the close on October 30, 2026, up from 53.0% the day before, against a 52-week range of 35.8% to 105.9%. Its 20-day historical volatility was 45.4%.

Key numbers

30-day implied volatility (IV30): 63.5%
IV30 52-week range: 35.8% to 105.9% (median 60.9%)
Historical volatility: 20-day 45.4%, 1-year 59.5%
Implied move by the nearest expiration: ±3.3%

Data as of October 30, 2026.

TZA Implied Volatility (IV) vs Historical Volatility (HV)

Name: TZA Implied Volatility
Creator: Market Chameleon