Direxion Daily Small Cap Bear 3X ETF (TZA) options traded 339 contracts on October 27, 2026 (310 calls and 29 puts, a put/call ratio of 0.09), compared with a 30-day average of 3,725. Options price a move of about ±3.6% by the nearest expiration.

Key numbers

30-day implied volatility (IV30): 54.9%
Implied move by the nearest expiration: ±3.6%
Option volume: 339 contracts (310 calls, 29 puts); 30-day average 3,725

Data as of October 27, 2026.

TZA Option Breakdown

A breakdown of key statistics for each option expiration listed for TZA. View implied volatility, volatility skew, volume, open interest, straddle premiums, and liquidity -- including bid/ask spread and NBBO bid/ask sizes. Includes links to the option chain, as well as numerous detailed charts.

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