Direxion Financial Bear 3X ETF

FAZAMEX · USD
33.31USD0.00 (+1.04%)

Direxion Financial Bear 3X ETF (FAZ) Expected Move

FAZ expected move through Sep 18, 2026 is 4.8%, with 2 days to expiration. The implied range is $31.71 to $34.91, based on the previous trading day's options prices.

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Tracking the FAZ expected move helps you see how far Direxion Financial Bear 3X ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. Direxion Financial Bear 3X ETF's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the FAZ expected move for this week's options, in real time.

The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For FAZ, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The FAZ expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks Direxion Financial Bear 3X ETF is unlikely to go.

The Direxion Daily Financial Bull and Bear 3X ETF seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Financial Select Sector Index. There is no guarantee the funds will achieve their stated investment objective.

Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the FAZ expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Direxion Financial Bear 3X ETF expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about FAZ.

FAZ Price

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ExpirationDTEExpected move (USD)Expected move (%)Upper priceLower price
Sep 18, 20262$1.604.8%$34.91$31.71
Oct 16, 202630$3.8411.5%$37.15$29.47
Jan 15, 2027121$8.1124.4%$41.42$25.20
Apr 16, 2027212$10.4531.4%$43.76$22.86

As of September 15, 2026

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Track the FAZ expected move across every expiration, filter by IV rank and liquidity, and trade around the range the market is already pricing in.

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