Tracking DRIP implied volatility helps you spot when Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF options are historically cheap or expensive, and where the best trades are hiding. When DRIP IV rises, premiums increase and sellers get more attractive pricing, and when it drops, buyers find cheaper contracts. Use our scanner to monitor DRIP implied volatility current levels in real time and filter for high probability trades.
Implied volatility is derived from option prices and represents the annualized expected move of a stock. Tracking DRIP IV rank helps you see whether DRIP's implied volatility is historically high or low, since IV rank compares today's reading against the past year's range. A high rank signals relatively expensive premiums and tends to favor sellers, a low rank signals relatively cheap premiums and tends to favor buyers.
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 2X ETFs seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. There is no guarantee the funds will achieve their stated investment objectives.
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