AAPD - Direxion Daily AAPL Bear 1X ETF
The Direxion Daily AAPL Bull 2X ETF and Direxion Daily AAPL Bear 1X ETF seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of Apple Inc. (NASDAQ: AAPL).
As of May 15, 2026: spot at $11.80, ATM IV 226.6%, max pain $10.00, net GEX $1.9K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $15.7M
- Beta
- -0.76
- 52-Week Range
- 11.7547-18.635
- Dividend Yield
- $0.44
- IPO Date
- Aug 10, 2022
- Exchange
- NASDAQ
What AAPD Looks Like to Options Traders Today
IV rank of 45.9% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($1.9K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.041) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The AAPD overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked AAPD overview questions
- What is AAPD?
- AAPD is the ticker symbol for Direxion Daily AAPL Bear 1X ETF, an listed exchange-traded fund. The Direxion Daily AAPL Bull 2X ETF and Direxion Daily AAPL Bear 1X ETF seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of Apple Inc. (NASDAQ: AAPL). Listed on NASDAQ. AAPD is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the AAPD options snapshot look like today?
- As of May 15, 2026, the AAPD options snapshot shows spot at $11.80, ATM IV 226.6%, IV rank 45.9%, max pain $10.00, net GEX $1.9K, expected move 8.20%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are AAPD's key statistics?
- Direxion Daily AAPL Bear 1X ETF (AAPD) carries a market capitalization of $15.7M, 52-week range of 11.7547-18.635. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does AAPD belong to?
- Direxion Daily AAPL Bear 1X ETF operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare AAPD's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the AAPD data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.