TZA

0DTE

1MO

Jul 18 Expected Move

Use the expected move for strike selection. Modify later.

Will TZA move up, down, or sideways?

Expiry • Jul 18

Bullish

Neutral

Range

Bearish

Down

Max Loss

Max Gain

PoP

+8P / -9P / -16C / +17C • Jul 18

Modify Strikes

Max Loss

Max Gain

PoP

+8P / -12.5C / -12.5P / +17C • Jul 18

Modify Strikes

Trade TZA's Expected Move of

16.75% • Jul 25

Average realized move (1D)