ProShares UltraShort MidCap400 -2x Shares
ProShares UltraShort MidCap400 -2x Shares (MZZ) Implied Volatility Current
MZZ's 30 day implied volatility is 47.96%, with an IV Rank of 10.32%. This is a low IV Rank versus the past year, meaning ProShares UltraShort MidCap400 -2x Shares options are relatively cheap and currently favor buyers. MZZ's 30 day historical volatility sits at 24.08%, which means implied volatility is running 23.88 points above historical volatility, as of Nov 3, 2026.
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Tracking MZZ implied volatility helps you spot when ProShares UltraShort MidCap400 -2x Shares options are historically cheap or expensive, and where the best trades are hiding. When MZZ IV rises, premiums increase and sellers get more attractive pricing, and when it drops, buyers find cheaper contracts. Use our scanner to monitor MZZ 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 MZZ IV rank helps you see whether MZZ'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.
ProShares UltraShort MidCap400 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400.
Implied Volatility
IV is subdued. Premiums are cheap, favoring buyers.
As of Nov 3, 2026
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