Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.

Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) operates in the Healthcare sector, specifically the Biotechnology industry, with a market capitalization near $2.9M, listed on AMEX, carrying a beta of 0.03 to the broader market. The Direxion Daily Biotech Top 5 Bull 2X ETF seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE Biotechnology Top 5 Equal Weight Index. public since 2025-10-01.

Volatility skew analysis compares implied volatility across strikes and expirations. No recent options activity for TBXU as of 2026-06-02; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

Learn how volatility skew is reported and how to read the data →