GraniteShares 2x Long BABA Daily ETF (BABX)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
20.16 USD
+0.85
(4.402%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 20.10 -0.06 (-0.060%) ⇩ (Aug. 28, 2026, 7:55 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:58 a.m. EDT
The immediate outlook is defined by a tug-of-war between speculative fervor and defensive positioning. The recent price action shows a sharp decline to $20.40, yet the options market is aggressively pricing in a bounce, with call volume spiking at the $25 level. This creates a precarious short-term setup where a catalyst could trigger a rapid 2x leveraged recovery, but the heavy put walls at $20 suggest that any failure to break through will result in a swift retest of the lows. The statistical forecast model offers zero guidance due to extremely low reliability, confirming that this is a sentiment-driven trade rather than a predictable trend. For a short-term player, the volatility is the only edge, but the lack of a confirmed breakout above the $25 resistance makes this a risky momentum play rather than a high-conviction entry. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.371882 |
| AutoETS | 0.372821 |
| AutoARIMA | 0.372830 |
| MSTL | 0.496126 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 3.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.072 |
| Excess Kurtosis | -0.08 |
As of Aug. 22, 2026, 1:58 a.m. EDT: Speculators are positioning for a volatile rebound with heavy call volume at the $25 strike, suggesting a target for a 2x leveraged product to reach $50. However, put writers are establishing significant walls at $20 and $25, indicating a strong defense against a drop back to the lows. The massive IV spike on deep out-of-the-money calls reflects extreme speculation on a 'Nvidia-style' catalyst, while the lack of long-dated put interest suggests the market views a prolonged crash as less likely than a sharp, volatile rally.
| Attribute | Value |
|---|---|
| All Time High | 66.0 |
| All Time Low | 11.85 |
| Ask | 25.0 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 1,459,410 |
| Average Daily Volume3 Month | 931,692 |
| Average Volume | 931,692 |
| Average Volume10Days | 1,459,410 |
| Beta3 Year | 0.73 |
| Bid | 24.83 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 20.4351 |
| Day Low | 19.57 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.58914 |
| Fifty Day Average Change | 0.5708599 |
| Fifty Day Average Change Percent | 0.029141653 |
| Fifty Two Week Change Percent | -42.88952 |
| Fifty Two Week High | 66.0 |
| Fifty Two Week High Change | -45.84 |
| Fifty Two Week High Change Percent | -0.69454545 |
| Fifty Two Week Low | 12.703 |
| Fifty Two Week Low Change | 7.457 |
| Fifty Two Week Low Change Percent | 0.58702666 |
| Fifty Two Week Range | 12.703 - 66.0 |
| First Trade Date Milliseconds | 1,670,941,800,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.85 |
| Fullday Change Percent | 4.40187 |
| Fullday Price | 20.1 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,670,803,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,022-12-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. It is non-diversified. |
| Long Name | GraniteShares 2x Long BABA Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1788030004 |
| Nav Price | 19.33 |
| Net Assets | 102,672,600.0 |
| Net Expense Ratio | 1.15 |
| Open | 19.615 |
| Post Market Change | -0.059999466 |
| Post Market Change Percent | -0.2976164 |
| Post Market Price | 20.1 |
| Post Market Time | 1,787,961,301 |
| Previous Close | 19.31 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.85 |
| Regular Market Change Percent | 4.40187 |
| Regular Market Day High | 20.4351 |
| Regular Market Day Low | 19.57 |
| Regular Market Day Range | 19.57 - 20.4351 |
| Regular Market Open | 19.615 |
| Regular Market Previous Close | 19.31 |
| Regular Market Price | 20.16 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 630,837 |
| Short Name | GraniteShares 2x Long BABA Dail |
| Source Interval | 15 |
| Symbol | BABX |
| Three Year Average Return | -0.0333746 |
| Total Assets | 102,672,600 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -18.53095 |
| Trailing Three Month Returns | -18.53095 |
| Triggerable | 1 |
| Two Hundred Day Average | 30.23167 |
| Two Hundred Day Average Change | -10.071671 |
| Two Hundred Day Average Change Percent | -0.33314964 |
| Type Disp | ETF |
| Volume | 630,837 |
| Yield | 0.0 |
| Ytd Return | -39.37292 |