TZA1 Options Statistics & Positioning

TZA1 options trade at a 30-day at-the-money implied volatility of 0.0%. The options market prices a ±0.0% move in TZA1 for the front expiration. Max pain sits at $5 and the put/call open interest ratio is 0.66. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

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

ATM IV (30d)

0.0%

Expected move

±0.0%

Put/call OI

0.66

Call-heavy

Max pain

What's TZA1's IV rank right now?Where's the max pain for TZA1?Explain what gamma exposure means for TZA1.

Most Active TZA1 Contracts

Contract	Expiration	DTE	Last	IV	Volume
TZA1 $4 call	Jan 15, 2027	98d	$0.90	0.0%	29
TZA1 $3 call	Oct 16, 2026	7d	$1.60	0.0%	10
TZA1 $5 call	Jan 21, 2028	469d	$1.10	0.0%	6
TZA1 $5 put	Oct 16, 2026	7d	$0.32	999.9%	3
TZA1 $5 call	Jan 15, 2027	98d	$0.50	0.0%	2

See all active TZA1 contracts →

Explore TZA1 Options Statistics

TZA1 Implied Volatility

0.0% ATM IV (30d)

IV rank, IV percentile, term structure, and skew — with a full year of history.

Full implied volatility analysis →

TZA1 Open Interest

0.66 put/call OI ratio

30,027 calls and 19,699 puts outstanding across all expirations.

Full open interest analysis →

TZA1 Max Pain

$5 max pain

The strike where option holders collectively lose the most at expiration.

Full max pain analysis →

TZA1 Gamma Exposure

-$33.6K net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

TZA1 Options Volume

55 contracts traded

Put/call volume ratio 0.12 — plus contracts running far above their usual volume.

Full volume & flow analysis →

TZA1 Most Active Options

$4 top volume strike

The 25 most actively traded TZA1 contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on TZA1 for free

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TZA1 Options FAQ

How often is TZA1 options data on this page updated?

All TZA1 statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see TZA1 max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated TZA1 pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

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.