TZA · IV Rank History
Direxion Daily Small Cap Bear 3x ETF · ETF
IV Rank measures where TZA's current 30-day implied volatility sits in its trailing 90-day distribution (0% = lowest in 90 days, 100% = highest). It's the most reliable signal for whether options on TZA are priced rich or cheap relative to its own recent regime.
TZA IV rank history
89 sessionsIV rank = where today's implied volatility sits in its 1-year range (0–100). Above 50 favours selling premium; the shaded band marks 50–100.
TZA IV Rank Summary
Current
59%
Moderate — neutral regime
30-Day Avg
25%
60-Day Avg
23%
90-Day Avg
36%
90-Day Low
0%
90-Day High
100%
IV Rank is bounded 0%–100% by construction. Sustained levels above 75% historically
precede mean reversion in TZA's implied vol; sustained sub-25% readings
often coincide with low-realized regimes ahead of catalyst events. See the
Vol Arb Screener for symbols where current IV
rank diverges most from realized volatility.
TZA IV Rank — Last 90 Trading Days
| Date | IV Rank | Avg IV |
|---|---|---|
| 20261002 | 59% | 4.1% |
| 20261001 | 58% | 4.0% |
| 20260930 | 59% | 4.0% |
| 20260929 | 49% | 3.5% |
| 20260928 | 51% | 3.6% |
| 20260925 | 48% | 3.4% |
| 20260924 | 41% | 299.0% |
| 20260923 | 44% | 3.1% |
| 20260922 | 42% | 3.0% |
| 20260921 | 45% | 3.2% |
| 20260918 | 38% | 277.7% |
| 20260917 | 42% | 3.0% |
| 20260916 | 38% | 277.2% |
| 20260915 | 38% | 276.2% |
| 20260914 | 39% | 282.8% |
| 20260911 | 34% | 256.7% |
| 20260910 | 34% | 257.4% |
| 20260909 | 1% | 59.5% |
| 20260908 | 0% | 52.5% |
| 20260904 | 0% | 52.5% |
| 20260903 | 0% | 51.9% |
| 20260902 | 0% | 51.6% |
| 20260901 | 0% | 54.5% |
| 20260831 | 0% | 53.2% |
| 20260828 | 1% | 60.1% |
| 20260827 | 1% | 60.2% |
| 20260826 | 0% | 59.3% |
| 20260825 | 1% | 60.7% |
| 20260824 | 0% | 58.9% |
| 20260821 | 0% | 59.3% |
| 20260820 | 0% | 59.5% |
| 20260819 | 0% | 57.9% |
| 20260818 | 1% | 62.6% |
| 20260817 | 0% | 59.5% |
| 20260814 | 0% | 56.7% |
| 20260813 | 0% | 58.7% |
| 20260812 | 0% | 59.2% |
| 20260811 | 0% | 60.4% |
| 20260810 | 0% | 59.1% |
| 20260806 | 0% | 61.3% |
| 20260805 | 1% | 67.5% |
| 20260804 | 0% | 64.0% |
| 20260803 | 0% | 62.9% |
| 20260731 | 18% | 188.9% |
| 20260730 | 17% | 185.8% |
| 20260729 | 23% | 217.0% |
| 20260728 | 21% | 207.4% |
| 20260727 | 22% | 212.5% |
| 20260724 | 7% | 124.8% |
| 20260723 | 6% | 120.5% |
| 20260722 | 6% | 119.0% |
| 20260721 | 5% | 118.7% |
| 20260720 | 5% | 117.4% |
| 20260716 | 23% | 218.8% |
| 20260715 | 100% | 6.5% |
| 20260714 | 44% | 149.1% |
| 20260713 | 44% | 149.9% |
| 20260710 | 100% | 227.4% |
| 20260709 | 83% | 174.4% |
| 20260708 | 98% | 189.9% |
| 20260707 | 46% | 135.9% |
| 20260706 | 55% | 145.1% |
| 20260702 | 53% | 143.6% |
| 20260701 | 57% | 147.5% |
| 20260630 | 89% | 181.0% |
| 20260629 | 74% | 165.6% |
| 20260626 | 51% | 141.6% |
| 20260625 | 34% | 123.5% |
| 20260624 | 88% | 179.9% |
| 20260623 | 46% | 136.3% |
| 20260622 | 50% | 139.9% |
| 20260618 | 85% | 176.5% |
| 20260617 | 100% | 192.2% |
| 20260616 | 100% | 183.8% |
| 20260615 | 100% | 180.7% |
| 20260613 | 62% | 141.3% |
| 20260612 | 61% | 140.6% |
| 20260611 | 100% | 176.3% |
| 20260610 | 39% | 117.1% |
| 20260609 | 61% | 135.0% |
| 20260608 | 37% | 115.1% |
| 20260605 | 78% | 147.4% |
| 20260604 | 55% | 128.6% |
| 20260603 | 56% | 129.6% |
| 20260602 | 59% | 131.8% |
| 20260601 | 45% | 120.2% |
| 20260529 | 49% | 123.6% |
| 20260528 | 65% | 136.9% |
| 20260527 | 46% | 121.1% |
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.