MST - Leveraged Long + Income MSTR ETF
The Defiance Daily Target 1. 5X Long MSTR ETF (referred to as 'the Fund') is designed to deliver investment outcomes that are one-and-a-half times (150%) the daily percentage movement of MicroStrategy Incorporated (Nasdaq: MSTR) stock. Due to its strategy of seeking amplified daily returns, this Fund operates distinctly from conventional exchange-traded funds, and there is no assurance that it will consistently achieve its stated daily objective.
As of Jun 30, 2026: spot at $7.13, ATM IV 297.8%, max pain $13.00, net GEX $27.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $629,450
- Beta
- 4.89
- 52-Week Range
- 6.53-611.8
- Dividend Yield
- $119.01
- IPO Date
- May 2, 2025
- Exchange
- NASDAQ
What MST Looks Like to Options Traders Today
IV rank of 75.6% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($27) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.851) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The MST 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 MST overview questions
- What is MST?
- MST is the ticker symbol for Leveraged Long + Income MSTR ETF, an listed exchange-traded fund. The Defiance Daily Target 1. 5X Long MSTR ETF (referred to as 'the Fund') is designed to deliver investment outcomes that are one-and-a-half times (150%) the daily percentage movement of MicroStrategy Incorporated (Nasdaq: MSTR) stock. Listed on NASDAQ. MST 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 MST options snapshot look like today?
- As of Jun 30, 2026, the MST options snapshot shows spot at $7.13, ATM IV 297.8%, IV rank 75.6%, max pain $13.00, net GEX $27, expected move 85.38%. 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 MST's key statistics?
- Leveraged Long + Income MSTR ETF (MST) carries a market capitalization of $629,450, 52-week range of 6.53-611.8. 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 MST belong to?
- Leveraged Long + Income MSTR 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 MST'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 MST data on this page?
- The options snapshot above is dated Jun 30, 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.