TZA

0DTE

1MO

Aug 15 Expected Move

See where the options market thinks TZA will move between now and Aug 15.

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Fast Trade

Use the expected move for strike selection. Modify later.

Will TZA move up, down, or sideways?

Expiry • Aug 15

Bullish

Up

Neutral

Range

Bearish

Down

Iron Condor

Max Loss

Max Gain

PoP

+9P/-10P/-13C/+14C • Aug 15

Modify Strikes

Iron Butterfly

Max Loss

Max Gain

PoP

+9P/-11C/-11P/+13C • Aug 15

Modify Strikes

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