TZA Options Volume

11,877 TZA option contracts changed hands in the latest session, at a put/call volume ratio of 0.88. This page tracks how actively TZA options trade — contracts and dollars — and flags individual contracts running far above their own 30-day average volume.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$3.98
52-week range
$3.82 – $11.98
ATM IV (30d)
53.3%
IV rank
3 / 100
Low
Expected move
±$0.41 (±10.4%)
Put/call OI
0.44
Call-heavy
Max pain
$5
↑ 25.8% above close

Options Volume & Premium Flow

Total options volume11,877
Call volume6,307
Put volume5,570
Put/call volume ratio0.88
Listed contracts406
Call premium traded$89.85K
Put premium traded$345.33K
Premium put/call ratio3.84
Open interest rank (31 day)18 / 100
Skew rank (31 day)82 / 100

TZA Options Volume Trend

016.7K33.4K50.1K66.8KFeb '26May '26Jul '26

TZA total options volume per session, past year.

0.000.260.520.781.03Feb '26May '26Jul '26

TZA put/call volume ratio, past year.

TZA Unusual Options Activity

Contracts trading at least 3× their own 30-day average volume (minimum 500 contracts):

ContractExpirationLastIV Open interestVolumevs 30d avg
TZA $5 put Jul 17, 2026 $0.98 0.0% 1,881 1,002 10.1× avg
TZA $4 put Aug 21, 2026 $0.68 78.8% 52 1,001 24.5× avg
TZA $5 put Aug 21, 2026 $1.30 91.7% 4 997 8.4× avg

With a put/call volume ratio of 0.88, today's trading is roughly balanced between calls and puts. Measured in dollars rather than contracts, $89.85K of call premium and $345.33K of put premium changed hands — the larger premium flow is on the put side. 3 contracts are trading at least three times their own 30-day average volume — activity worth a closer look.

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TZA Options FAQ

How many TZA options traded today?

11,877 TZA option contracts traded as of Jul 10, 2026 — 6,307 calls and 5,570 puts.

Is there unusual options activity in TZA today?

Yes — 3 contracts are trading at least three times their 30-day average volume as of Jul 10, 2026. OptiView flags a contract as unusual when today's volume runs at 3× its own average with at least 500 contracts traded.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.