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LABU Implied Volatility, IV Rank & Options Chain

Direxion Daily S&P Biotech Bull 3X ETF (LABU) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Direxion Daily S&P Biotech Bull 3X ETF (LABU).

Updated Reference data
Open LABU in the Terminal LABU GEX levels IV Intelligence Positioning

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

LABU options trade with implied volatility typically in the 40% - 120% range, averaging 200K+ contracts in daily volume with good liquidity. Next earnings: Check earnings calendar. Weekly options and LEAPS are available.

LABU implied volatility

As of 2026-10-26

As of 2026-10-26, LABU's 30-day implied volatility is 96.5%, placing its 1-year IV percentile at 81.0 — above 81.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.

96.5%30-day IV
81.01-year IV rank

LABU live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live LABU chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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LABU options at a glance

Daily volume
200K+ contracts
IV range
40% - 120%
Bid-ask spread
Varies by strike
Expirations
Weekly, monthly, LEAPS
Open interest
1M+ contracts
Next earnings
Check earnings calendar
200K+ contractsAvg Volume
1M+ contractsOpen Interest
40% - 120%IV Range
GoodLiquidity
YesWeeklies
YesLEAPS

About Direxion Daily S&P Biotech Bull 3X ETF (LABU)

Direxion Daily S&P Biotech Bull 3X ETF trades on NYSE. Options on LABU are actively traded by retail and institutional investors.

Company profile

Sector
ETF
Industry
Leveraged Biotech ETF
Market cap
ETF
Exchange
NYSE

Key dates

Next earnings
Check earnings calendar
Earnings frequency
Quarterly
Dividend schedule
Varies
Fiscal year end
December

LABU is an actively traded options name in the Leveraged Biotech ETF space.

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Options analytics, live.

Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
  • IV rank and percentile
  • Expected move and GEX
  • Screener and strategy P&L
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LABU options market overview

LABU options offer good liquidity for traders seeking exposure to Leveraged Biotech ETF.

Average daily volume
200K+ contracts
Total open interest
1M+ contracts
Put/call ratio
0.6 - 1.0 typical
Typical ATM spread
Varies by strike
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

LABU options provide good liquidity for most trading strategies.

LABU implied volatility and IV rank

LABU implied volatility reflects market expectations for Direxion Daily S&P Biotech Bull 3X ETF price movement.

40% - 55%Low IV, below average
55% - 80%Typical, normal conditions
80% - 120%Elevated, above average

Earnings impact

IV typically increases before earnings and contracts afterward (IV crush).

The post-earnings volatility drop is known as IV crush. Holders of short LABU options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

Compare IV to historical volatility to assess option pricing relative to realized moves.

Term structure

Term structure varies with market conditions and upcoming events.

The smile, the term structure and the cone for LABU, on today's chain.

Open LABU in IV Intelligence

LABU gamma exposure (GEX)

Gamma Exposure (GEX) analysis for LABU shows how dealer hedging may impact price behavior.

  • Typical GEX profile. GEX profile varies based on market conditions and option positioning.
  • Key levels. Major put and call walls at round number strikes may act as support/resistance.
  • Dealer hedging. Dealer hedging activity can influence price behavior at key gamma levels.

Where the gamma sits on LABU right now, strike by strike.

See live LABU GEX

Common LABU options strategies

These are strategies commonly used by traders on LABU options, based on typical market characteristics. This is not investment advice.

Vertical SpreadsDirectional. Used by LABU traders for directional exposure. Good liquidity supports efficient execution. StraddlesVolatility. Used by LABU traders for volatility exposure. Good liquidity supports efficient execution. Iron CondorsNeutral. Used by LABU traders for neutral exposure. Good liquidity supports efficient execution. ButterfliesPrecision. Used by LABU traders for precision exposure. Good liquidity supports efficient execution. Credit SpreadsIncome. Used by LABU traders for income exposure. Good liquidity supports efficient execution.

Every options strategy, ranked by what it is for

Key considerations for LABU options

  • LABU options liquidity: Good - affects execution quality
  • IV range: 40% - 120% - important for premium selling strategies
  • Earnings events can significantly impact IV and option prices
  • Consider position sizing based on underlying volatility
  • Weekly options available for short-term strategies
  • LEAPS available for longer-term positioning

LABU key events

Earnings months. Q1, Q2, Q3, Q4

  • Industry conferences
  • Product announcements
  • Regulatory updates

LABU options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns LABU's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/LABUBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/LABU"
In Claudethrough the MCP server
You

What is LABU's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on LABU in the console, more prompts for LABU, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about LABU options.

What are LABU options?

LABU options are derivative contracts that give you the right to buy (call) or sell (put) Direxion Daily S&P Biotech Bull 3X ETF shares at a specific price before expiration.

How do I analyze LABU implied volatility?

LABU IV typically ranges from 40% - 55% during quiet periods to 80% - 120% around earnings and major events. Compare current IV to historical ranges to assess relative value.

What is the typical bid-ask spread for LABU options?

LABU options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.

When does LABU report earnings?

Direxion Daily S&P Biotech Bull 3X ETF typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.

What strategies work best for LABU options?

Popular LABU strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.

What is the best time to trade LABU options?

The most liquid trading hours for LABU options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.

How do I calculate LABU option Greeks?

Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for LABU options across all strikes and expirations.

What happens to LABU options at expiration?

In-the-money LABU options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.

What is LABU's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence LABU's intraday price action. GEX profile varies based on market conditions and option positioning. Dealer hedging activity can influence price behavior at key gamma levels. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live LABU GEX levels and the gamma-flip point on ApexVol.

What is LABU's IV rank?

LABU's IV rank shows where LABU's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. LABU implied volatility typically ranges from 40% - 120%. Check LABU's live IV rank and percentile on ApexVol's IV analytics.

Keep reading

Where LABU
gets priced.

LABU analytics

Options CalculatorCalculate option prices and Greeks IV CalculatorAnalyze implied volatility Strategy BuilderBuild and analyze options strategies

Run it, do not just read it

Options profit calculatorPayoff, breakeven and Greeks. Greeks calculatorDelta, gamma, theta, vega. IV rank calculatorImplied volatility and IV rank. Options chainReal-time Greeks on a live chain. Greeks heatmapWhere the exposure actually sits. Volatility labIV analysis across the surface. Strategy simulatorTest the structure before you place it. IV intelligenceThe surface in three dimensions. Options screenerFind the setups worth a look. Historical dataPast snapshots, back to 2007. EarningsHistorical moves and the IV around them. 0DTE analyticsSame-day expiration, same-day risk.

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