Tradr 2X Long IREN Daily ETF (IREX)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
29.04 USD
-4.95
(-14.563%) ⇩
(April 21, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | April 18, 2026, 11:37 p.m. EDT
Irex is a 2x leveraged ETF with a critical flaw: zero dividends and severe de-leveraging drag from recent price volatility, making it a terrible long-term hold. The recent price surge (from ~$15 to ~$33) has likely inflated the 2x return expectation, but the options data reveals a bearish undercurrent with heavy put writing and volume spiking lower strikes, signaling that smart money is hedging against a correction or funding cost is eroding the position. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.413709 |
| AutoETS | 0.686210 |
| AutoARIMA | 0.690535 |
| MSTL | 0.756914 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 2.50 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.040 |
| Excess Kurtosis | 0.59 |
| Attribute | Value |
|---|---|
| Trailing P/E | 17.43 |
As of April 18, 2026, 11:37 p.m. EDT: Speculators are heavily positioning for downside protection given the aggressive purchases of OTM puts (e.g., 12.0 and 14.0 strikes expiring April 17). However, there is a discrepancy between put volume and open interest, suggesting some selling of longs into puts or early liquidation of spot positions. Calls show significant activity at higher strikes (45.00/70.00) and IV spikes at deep OTM levels, indicating a 'long-finger' mentality buying protection, while ATM call volume remains relatively subdued compared to put volume. The net flow suggests a defensive stance with asymmetric concern about a breakdown below current levels.
| Attribute | Value |
|---|---|
| All Time High | 155.277 |
| All Time Low | 14.055 |
| Ask | 31.5 |
| Ask Size | 2,600 |
| Average Daily Volume10 Day | 995,650 |
| Average Daily Volume3 Month | 1,051,094 |
| Average Volume | 1,051,094 |
| Average Volume10Days | 995,650 |
| Beta3 Year | 0.0 |
| Bid | 31.0 |
| Bid Size | 2,400 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.09 |
| Day Low | 28.82 |
| Eps Trailing Twelve Months | 1.6663741 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 26.8549 |
| Fifty Day Average Change | 2.1851006 |
| Fifty Day Average Change Percent | 0.08136692 |
| Fifty Two Week Change Percent | -66.41221 |
| Fifty Two Week High | 155.277 |
| Fifty Two Week High Change | -126.23699 |
| Fifty Two Week High Change Percent | -0.8129794 |
| Fifty Two Week Low | 14.055 |
| Fifty Two Week Low Change | 14.985001 |
| Fifty Two Week Low Change Percent | 1.0661687 |
| Fifty Two Week Range | 14.055 - 155.277 |
| First Trade Date Milliseconds | 1,761,226,200,000 |
| Full Exchange Name | Cboe US |
| Fund Family | AXS |
| Fund Inception Date | 1,761,091,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of IREN. This may include IREN stock in addition to financial instruments. The fund is non-diversified. |
| Long Name | Tradr 2X Long IREN Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1960496714 |
| Nav Price | 34.0626 |
| Net Assets | 36,594,964.0 |
| Net Expense Ratio | 1.3 |
| Open | 34.09 |
| Phone | (414) 299-2295 |
| Pre Market Change | 2.2699986 |
| Pre Market Change Percent | 7.8167987 |
| Pre Market Price | 31.31 |
| Pre Market Time | 1,776,848,650 |
| Previous Close | 33.99 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -4.95 |
| Regular Market Change Percent | -14.5631 |
| Regular Market Day High | 34.09 |
| Regular Market Day Low | 28.82 |
| Regular Market Day Range | 28.82 - 34.09 |
| Regular Market Open | 34.09 |
| Regular Market Previous Close | 33.99 |
| Regular Market Price | 29.04 |
| Regular Market Time | 1,776,801,600 |
| Regular Market Volume | 952,778 |
| Short Name | Tradr 2X Long IREN Daily ETF |
| Source Interval | 15 |
| Symbol | IREX |
| Total Assets | 36,594,964 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 17.42706 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -42.55457 |
| Trailing Three Month Returns | -42.55457 |
| Triggerable | 1 |
| Two Hundred Day Average | 45.975334 |
| Two Hundred Day Average Change | -16.935333 |
| Two Hundred Day Average Change Percent | -0.36835694 |
| Type Disp | ETF |
| Volume | 952,778 |
| Ytd Return | -42.55457 |