Direxion Daily Pharmaceutical & Medical Bull 3X ETF
Direxion Daily Pharmaceutical & Medical Bull 3X ETF (PILL) Implied Volatility Current
PILL's 30 day implied volatility is 72.60%, with an IV Rank of 69.05%. This is an average IV Rank versus the past year, meaning Direxion Daily Pharmaceutical & Medical Bull 3X ETF options are fairly priced and currently offer no clear edge to buyers or sellers. PILL's 30 day historical volatility sits at 76.13%, which means implied volatility is running 3.53 points below historical volatility, as of Nov 3, 2026.
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Tracking PILL implied volatility helps you spot when Direxion Daily Pharmaceutical & Medical Bull 3X ETF options are historically cheap or expensive, and where the best trades are hiding. When PILL IV rises, premiums increase and sellers get more attractive pricing, and when it drops, buyers find cheaper contracts. Use our scanner to monitor PILL 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 PILL IV rank helps you see whether PILL'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 Pharmaceutical & Medical Bull 3X ETF seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. There is no guarantee the fund will achieve its stated investment objective.
Implied Volatility
IV is slightly elevated. Premiums are richer, leaning toward sellers.
As of Nov 3, 2026
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