Tradr 2X Long OPEN Daily ETF (OPEX)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
16.43 USD
+0.55
(3.359%)
⇧
(July 14, 2026, 9:46 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:30 a.m. EDT
This instrument is a high-risk leveraged vehicle built on a fundamentally hollow foundation. The underlying asset, OpenAI, has recently announced a massive oversubscribed direct offering, which typically signals a need for capital due to burn rates or valuation gaps, yet the market has punished the stock with a severe decline, wiping out nearly 85% of its value over the trailing period. While the recent price action shows a tentative recovery, bouncing off the lows and closing near the 50-day average, this is likely a mean-reversion bounce rather than a sustainable trend reversal given the heavy debt load and the dilutive nature of the recent financing. The leverage inherent in a 2x daily ETF acts as a compounding force against such volatility, making drawdowns even deeper during any further correction. With zero dividend yield to provide a floor and a statistical forecast model leaning slightly negative despite low confidence, the risk/reward profile remains skewed heavily toward the downside. The options market shows scattered speculation but no institutional conviction, reinforcing the view that this is a speculative trap for retail investors chasing a rebound in a fundamentally distressed business. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.212632 |
| AutoETS | 0.362018 |
| AutoARIMA | 0.362763 |
| MSTL | 0.377002 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 1.12 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.210 |
| Excess Kurtosis | -1.09 |
As of July 11, 2026, 3:30 a.m. EDT: Speculator positioning is extremely thin and fragmented across expirations, offering no clear directional bias. In the near term (July), there is a notable volume spike at the $22 strike for calls, suggesting a speculative bet on a move toward the upper end of the recent range, while put activity remains concentrated at lower strikes ($15) with minimal interest above the money. For later months (September/December), open interest is heavily skewed toward out-of-the-money calls ($23-$40), indicating a 'long gamma' or lottery-ticket style positioning where traders are betting on significant volatility expansion rather than a specific directional outcome. The lack of substantial in-the-money positioning suggests the market views the current price as a pivot point rather than a definitive trend.
| Attribute | Value |
|---|---|
| All Time High | 128.445 |
| All Time Low | 14.29 |
| Ask | 16.55 |
| Ask Size | 1,600 |
| Average Daily Volume10 Day | 111,180 |
| Average Daily Volume3 Month | 79,277 |
| Average Volume | 79,277 |
| Average Volume10Days | 111,180 |
| Beta3 Year | 0.0 |
| Bid | 16.27 |
| Bid Size | 6,800 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 16.96 |
| Day Low | 16.18 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.4389 |
| Fifty Day Average Change | -3.0126 |
| Fifty Day Average Change Percent | -0.1549779 |
| Fifty Two Week Change Percent | -80.066536 |
| Fifty Two Week High | 128.445 |
| Fifty Two Week High Change | -112.01871 |
| Fifty Two Week High Change Percent | -0.8721141 |
| Fifty Two Week Low | 14.29 |
| Fifty Two Week Low Change | 2.1363 |
| Fifty Two Week Low Change Percent | 0.14949615 |
| Fifty Two Week Range | 14.29 - 128.445 |
| 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 OPEN. This may include OPEN stock in addition to financial instruments. The fund is non-diversified. |
| Long Name | Tradr 2X Long OPEN Daily ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1960496278 |
| Nav Price | 18.0099 |
| Net Assets | 12,523,489.0 |
| Net Expense Ratio | 1.3 |
| Open | 16.21 |
| Phone | (414) 299-2295 |
| Previous Close | 15.877 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.5493002 |
| Regular Market Change Percent | 3.3594904 |
| Regular Market Day High | 16.96 |
| Regular Market Day Low | 16.18 |
| Regular Market Day Range | 16.18 - 16.96 |
| Regular Market Open | 16.21 |
| Regular Market Previous Close | 15.877 |
| Regular Market Price | 16.4263 |
| Regular Market Time | 1,784,036,793 |
| Regular Market Volume | 16,052 |
| Short Name | Tradr 2X Long OPEN Daily ETF |
| Source Interval | 15 |
| Symbol | OPEX |
| Total Assets | 12,523,489 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -17.31329 |
| Trailing Three Month Returns | -17.31329 |
| Triggerable | 1 |
| Two Hundred Day Average | 38.41801 |
| Two Hundred Day Average Change | -21.99171 |
| Two Hundred Day Average Change Percent | -0.57243234 |
| Type Disp | ETF |
| Volume | 16,052 |
| Ytd Return | -58.08101 |