TZA · Iron Condor Setups
Direxion Daily Small Cap Bear 3x ETF · ETF
Iron condor opportunities for TZA based on the same scoring engine used in the Iron Condor Screener: breach rate, average straddle, IV rank, IV premium, and beta-adjusted scoring. Updated every 5 minutes during market hours.
TZA IV rank history
30 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.
Current Iron Condor Setup for TZA
Score
43.36
Breach Rate
34.1%
191 of 561 observations
Avg Straddle
$2.04
8.4% of price
IV Rank
63%
IV Premium
7.69x
IV ÷ Realized Vol
Beta vs SPY
-3.53
P/C Vol
0.10
Current Price
$45.74
Score formula:
(1 − breach_rate) × avg_straddle × IV_premium_factor × beta_penalty.
Higher is better. TZA is ranked against all other tracked symbols by score; see the
full Iron Condor Screener for the leaderboard.
TZA IV Rank — Last 30 Days
| Date | IV Rank |
|---|---|
| 20261002 | 59% |
| 20261001 | 58% |
| 20260930 | 59% |
| 20260929 | 49% |
| 20260928 | 51% |
| 20260925 | 48% |
| 20260924 | 41% |
| 20260923 | 44% |
| 20260922 | 42% |
| 20260921 | 45% |
| 20260918 | 38% |
| 20260917 | 42% |
| 20260916 | 38% |
| 20260915 | 38% |
| 20260914 | 39% |
| 20260911 | 34% |
| 20260910 | 34% |
| 20260909 | 1% |
| 20260908 | 0% |
| 20260904 | 0% |
| 20260903 | 0% |
| 20260902 | 0% |
| 20260901 | 0% |
| 20260831 | 0% |
| 20260828 | 1% |
| 20260827 | 1% |
| 20260826 | 0% |
| 20260825 | 1% |
| 20260824 | 0% |
| 20260821 | 0% |
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.