TNA · IV Rank History

Direxion Daily Small Cap Bull 3x ETF · ETF

IV rank shows where TNA's implied volatility sits within its own recent range: 0 is the lowest reading in the window, 100 the highest. This page gives the 52-week version, the 90-session version our screeners use, the IV percentile, and the daily history.

TNA's 30-day at-the-money implied volatility was 63.0% as of Oct 16, 2026. Its 52-week IV rank is 29 and its IV percentile is 52%: IV was lower on 52% of the past year's sessions. Over those 52 weeks it ranged from 47.7% (Aug 12, 2026) to 100.9% (Mar 27, 2026). On the 90-session window our screeners use, the IV rank is 46.

TNA IV rank history

504 sessions

Filled line: 90-session IV rank (0–100, left axis). Dashed line: 30-day at-the-money implied volatility (right axis).

TNA IV rank and implied volatility as of 2026-10-16

52-Week IV Rank
29
0 = year low, 100 = year high
IV Percentile
52%
of past-year sessions had lower IV
90-Session IV Rank
46
used by our screeners
30-Day ATM IV
63.0%
1-year average 63.7%
7-Day ATM IV
55.2%
90-session rank 33
52-Week IV High
100.9%
2026-03-27
52-Week IV Low
47.7%
2026-08-12
History Since
2023-05-02
841 sessions

How these are measured. Implied volatility here is TNA's 30-day at-the-money IV: the implied volatility of the calls and puts struck nearest the share price, blended between the expirations on either side of 30 days so every reading covers the same horizon. It's the IV level options traders usually quote, and it doesn't jump when the nearest expiration rolls from a weekly to a monthly. The 7-day figure is the same measure a week out, so it reacts first to near-term events such as earnings.

52-week IV rank = (today's IV − 52-week low) ÷ (52-week high − 52-week low) × 100. IV percentile is the share of the past year's sessions that closed with lower IV than today. The 90-session IV rank applies the same rank formula to the last 90 sessions, so it reacts faster.

A high reading means TNA options are expensive relative to their own recent history, which is common ahead of earnings or after a sharp move. It says nothing about which way the stock will go. The Vol Arb Screener ranks every tracked symbol by these measures.

TNA implied volatility by month

MonthAvg ATM IVHighLowAvg IV Rank (90-session)
Oct 2026 (to date) 56.3% 63.0% 53.9% 26
Sep 2026 53.5% 61.6% 48.2% 18
Aug 2026 51.6% 60.3% 47.7% 6
Jul 2026 58.7% 63.3% 53.4% 10
Jun 2026 67.0% 80.6% 58.9% 16
May 2026 65.3% 68.3% 61.8% 24
Apr 2026 69.8% 85.7% 62.4% 40
Mar 2026 86.6% 100.9% 71.5% 90
Feb 2026 68.0% 76.0% 60.8% 65
Jan 2026 58.8% 64.3% 54.7% 34
Dec 2025 56.3% 65.5% 49.0% 20
Nov 2025 67.7% 78.2% 58.8% 61
Oct 2025 64.8% 77.4% 57.6% 61
Sep 2025 60.2% 64.0% 52.5% 46
Aug 2025 62.4% 70.6% 57.3% 19
Jul 2025 61.9% 66.9% 48.9% 14
Jun 2025 61.5% 68.2% 54.3% 14
May 2025 65.2% 75.4% 54.5% 18
Apr 2025 93.4% 141.9% 64.3% 56
Mar 2025 74.4% 91.2% 59.5% 64
Feb 2025 57.9% 72.2% 48.5% 25
Jan 2025 59.5% 74.4% 49.8% 26
Dec 2024 62.3% 79.4% 54.0% 22
Nov 2024 66.7% 83.8% 58.6% 31
Oct 2024 73.4% 81.4% 59.9% 47
Sep 2024 67.2% 76.6% 52.8% 38
Aug 2024 72.6% 102.4% 58.0% 50
Jul 2024 63.8% 77.3% 49.0% 67
Jun 2024 53.5% 60.1% 49.1% 31
May 2024 50.7% 56.0% 46.0% 11
Apr 2024 62.7% 69.6% 52.2% 60
Mar 2024 58.1% 64.3% 51.6% 34
Feb 2024 63.5% 70.0% 58.0% 66
Jan 2024 61.1% 65.7% 57.6% 65
Dec 2023 58.3% 62.6% 53.9% 60
Nov 2023 55.5% 59.1% 51.9% 50
Oct 2023 62.9% 69.4% 54.5% 76
Sep 2023 51.7% 59.9% 44.7% 31
Aug 2023 53.5% 58.5% 41.7% 33
Jul 2023 52.4% 56.1% 47.3% 29
Jun 2023 53.1% 56.9% 43.8% 10
May 2023 60.6% 73.5% 52.7% 73

TNA IV rank: last 30 sessions

DateIV Rank (90-session)30-Day ATM IV7-Day ATM IV
2026-10-16 46 63.0% 55.2%
2026-10-15 22 55.1% 46.6%
2026-10-14 32 58.2% 53.7%
2026-10-13 22 54.9% 50.9%
2026-10-12 23 55.4% 49.1%
2026-10-09 22 55.1% 46.7%
2026-10-08 22 55.1% 53.0%
2026-10-07 22 55.1% 50.5%
2026-10-06 27 56.6% 51.1%
2026-10-05 19 53.9% 49.3%
2026-10-02 24 55.7% 44.9%
2026-10-01 31 57.8% 55.2%
2026-09-30 38 60.1% 59.7%
2026-09-29 30 57.6% 59.1%
2026-09-28 29 57.3% 59.0%
2026-09-25 8 50.4% 52.0%
2026-09-24 19 54.1% 55.1%
2026-09-23 12 51.8% 52.0%
2026-09-22 14 52.5% 47.4%
2026-09-21 8 50.5% 48.0%
2026-09-18 1 48.2% 41.5%
2026-09-17 13 52.0% 44.4%
2026-09-16 19 54.1% 59.8%
2026-09-15 21 54.7% 61.1%
2026-09-14 17 53.2% 58.8%
2026-09-11 21 54.8% 54.1%
2026-09-10 42 61.6% 66.7%
2026-09-09 26 56.2% 57.9%
2026-09-08 14 52.2% 54.3%
2026-09-04 7 50.2% 38.7%

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.