Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $404.8M, listed on AMEX, carrying a beta of 3.85 to the broader market. The Direxion Daily Homebuilders & Supplies Bull 3X ETF is designed to provide daily investment outcomes that are triple (300%) the performance of the Dow Jones U. public since 2015-08-19.
Snapshot as of Sep 30, 2026.
- Spot Price
- $28.39
- Total OI
- 62.8K
- Total Volume
- 4.0K
- Front Expiration
- 30 days
- Second Expiration
- 37 days
- ATM IV
- 95.2%
- Avg Bid/Ask Spread
- 39.22%
As of Sep 30, 2026, Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has 62.8K open contracts and 4.0K contracts traded. The nearest expiration is 30 days out, followed by 37 days. ATM implied volatility is 95.2%. Average bid/ask spread across the chain is 39.22%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How NAIL options chain Data Feeds Strategy Selection
Strategy selection on Direxion Daily Homebuilders & Supplies Bull 3X ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 95.2% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the NAIL chain depth
The listed-expirations table above shows every expiration available for Direxion Daily Homebuilders & Supplies Bull 3X ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. NAIL front expiration sits at 30 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.025 means longer-dated tenors price in proportionally more IV.
NAIL chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the NAIL chain is 39.22% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the NAIL chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. NAIL's current 27.29% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
NAIL listed expirations
Per-expiration ATM implied volatility for NAIL options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 2, 2026 | 2 | 105.4% |
| Oct 9, 2026 | 9 | 91.2% |
| Oct 16, 2026 | 16 | 90.0% |
| Oct 23, 2026 | 23 | 99.8% |
| Oct 30, 2026 | 30 | 95.2% |
| Nov 6, 2026 | 37 | 97.7% |
| Nov 20, 2026 | 51 | 98.1% |
| Dec 18, 2026 | 79 | 93.5% |
| Jan 15, 2027 | 107 | 88.9% |
| Mar 19, 2027 | 170 | 92.2% |
| Jan 21, 2028 | 478 | 87.2% |
| Jan 19, 2029 | 842 | 88.7% |
Frequently asked NAIL options chain questions
- What does the NAIL options chain show right now?
- As of Sep 30, 2026, Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has 62.8K contracts outstanding and 4.0K traded today, with ATM IV of 95.2%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for NAIL options?
- The nearest expiration is 30 days out, followed by 37 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are NAIL options bid/ask spreads?
- Average bid/ask spread across the chain is 39.22%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.