T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) Volatility Skew
Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $100.8M, listed on CBOE, carrying a beta of -2.43 to the broader market. The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite)daily exposure to MSTR equal to at least 80% of the fund’s net assets (plus borrowings for investment purposes). public since 2024-09-18.
Snapshot as of May 15, 2026.
- Spot Price
- $4.96
- ATM IV
- 154.1%
- IV Skew 25Δ
- 0.440
- IV Rank
- 55.6%
- IV Percentile
- 68.7%
- Term Structure Slope
- -0.220
As of May 15, 2026, T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) at-the-money implied volatility is 154.1%. IV rank is 55.6% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 68.7%. The 25-delta skew is +0.440: calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
MSTZ Strategy Selection at Current Volatility Levels
For T-REX 2X Inverse MSTR Daily Target ETF options at 154.1% ATM IV, mid-range IV rank (55.6%) is the regime where directional conviction matters more than vol-regime positioning; strategy choice should follow the event calendar and the dealer-positioning view rather than IV rank alone. The 25-delta skew tilts to calls, so call-credit spreads or covered-call writes harvest more premium than put-credit spreads of the same width. Pair the vol-rank read with the dealer-gamma view and the upcoming-events calendar to confirm the strategy fits both the structural regime and the path-dependent risk. The variance risk premium - the persistent gap between implied and subsequently realized vol - is positive in equity markets on average; high IV rank typically reflects a stretch where the premium is wider than usual.
Learn how volatility skew is reported and how to read the data →
Frequently asked MSTZ volatility skew questions
- What is the current MSTZ ATM implied volatility?
- As of May 15, 2026, T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) at-the-money implied volatility is 154.1%. IV rank is 55.6% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
- Is MSTZ IV high or low historically?
- IV is near its 1-year median, a regime where strategy choice depends on directional conviction and event calendar rather than vol regime.
- What does MSTZ volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. T-REX 2X Inverse MSTR Daily Target ETF shows upside-skewed pricing: 25-delta calls trade richer than 25-delta puts, often reflecting upside speculation or squeeze risk. Skew matters for risk-defined strategy selection: when downside puts are rich, put-credit spreads capture more premium; when upside calls are rich, call-credit spreads or covered-call writes harvest more.