Option chain for Direxion Daily Small Cap Bear 3X ETF (TZA): calls and puts for every expiration and strike, with quotes, volume, open interest, implied volatility and greeks. As of Nov 11, 2026, TZA had 6 option expirations, from Nov 20, 2026 to Jan 19, 2029, and 580 contracts traded that day. The nearest expiration, Nov 20, 2026, had an at-the-money implied volatility of 49.6% (-9% on the day) and 369 contracts traded.

For the latest figures, see TZA options overview.

Key numbers

Expirations: at-the-money implied volatility, change on the day, volume

Nov 20, 2026 (9 days): ATM IV 49.6% (-9%), volume 369
Dec 18, 2026 (37 days): ATM IV 57.9% (-1%), volume 65
Jan 15, 2027 (65 days): ATM IV 59.2% (-4%), volume 138
Apr 16, 2027 (156 days): ATM IV 62.3% (-2%), volume 8
Jan 21, 2028 (436 days): ATM IV 68.4% (+3%), volume 0
Jan 19, 2029 (800 days): ATM IV 71.1% (+0%), volume 0

Data as of November 11, 2026.

TZA Option Chain

Detailed and comprehensive option chain for each expiration listed for TZA. Includes volume, open interest, implied volatility, and bid/ask for each strike. Investigate further by clicking on a strike and seeing trade activity, volatility movement, and yesterday's closing values. Use the built-in options profit calculator to see the profit or loss of any TZA options strategy.

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