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 Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $3.1M, listed on AMEX, carrying a beta of -0.14 to the broader market. This Direxion Daily Biotech Top 5 Bull 2X ETF aims to provide daily investment returns equivalent to 200% of the performance of the NYSE Biotechnology Top 5 Equal Weight Index, before factoring in its fees and expenses. public since 2025-10-01.

Volatility skew analysis compares implied volatility across strikes and expirations. No recent options activity for TBXU as of 2026-07-17; 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 →