RKLZ - Defiance Daily Target 2X Short RKLB ETF
This actively managed Exchange Traded Fund (ETF) is designed to generate a daily return equivalent to two times the inverse (-200%) of the daily percentage change in the price of its designated underlying security. The fund accomplishes this objective by strategically employing financial derivatives, specifically utilizing instruments like swap agreements and/or listed options contracts. Investors should note that this ETF is non-diversified.
As of Sep 30, 2026: spot at $15.50, ATM IV 137.2%, max pain $16.00, net GEX $14.3K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $63,775
- Beta
- -5.46
- 52-Week Range
- 1.67-33.045
- IPO Date
- Nov 18, 2025
- Exchange
- NASDAQ
What RKLZ Looks Like to Options Traders Today
positive net gamma exposure ($14.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.213) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The RKLZ 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 RKLZ overview questions
- What is RKLZ?
- RKLZ is the ticker symbol for Defiance Daily Target 2X Short RKLB ETF, an listed exchange-traded fund. This actively managed Exchange Traded Fund (ETF) is designed to generate a daily return equivalent to two times the inverse (-200%) of the daily percentage change in the price of its designated underlying security. The fund accomplishes this objective by strategically employing financial derivatives, specifically utilizing instruments like swap agreements and/or listed options contracts. Listed on NASDAQ. RKLZ 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 RKLZ options snapshot look like today?
- As of Sep 30, 2026, the RKLZ options snapshot shows spot at $15.50, ATM IV 137.2%, max pain $16.00, net GEX $14.3K, expected move 39.33%. 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 RKLZ's key statistics?
- Defiance Daily Target 2X Short RKLB ETF (RKLZ) carries a market capitalization of $63,775, 52-week range of 1.67-33.045. 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 RKLZ belong to?
- Defiance Daily Target 2X Short RKLB 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 RKLZ'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 RKLZ data on this page?
- The options snapshot above is dated Sep 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.