GraniteShares 2x Long QCOM Daily ETF (QCML)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
19.31 USD
-1.21
(-5.897%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 19.19 -0.12 (-0.120%) ⇩ (July 13, 2026, 7:49 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 5:13 a.m. EDT
This instrument is a leveraged bet on Qualcomm that has become a distressed asset due to its own mechanics. The underlying stock has suffered a catastrophic collapse, trading near its 52-week low of $10.46 while the 2x leveraged ETF sits at roughly $20.50. Because leveraged ETFs decay exponentially during prolonged downtrends, the fund has likely lost a substantial portion of its initial capital even without recent price action. The recent 14-day price history shows a brutal freefall from $29 to $17, followed by a fragile, low-volume recovery attempt. The options market reflects this uncertainty with massive implied volatility on extreme strikes, indicating traders are waiting for a binary event rather than a steady rebound. With zero dividends and a history of severe drawdowns, there is no margin of safety here; the compounding drag on the daily reset mechanism makes holding this position a losing game of whack-a-mole until the underlying stock stabilizes. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.519678 |
| AutoTheta | 0.545822 |
| AutoETS | 0.546567 |
| MSTL | 0.552125 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.86 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.731 |
| Excess Kurtosis | -0.33 |
As of July 11, 2026, 5:13 a.m. EDT: Speculators are positioning for significant volatility rather than a specific directional breakout. There is heavy open interest in deep out-of-the-money calls (strikes 35, 40, 55) and deep out-of-the-money puts (strikes 8, 9, 10), creating a 'straddle' or 'strangle' bias. This suggests traders expect a sharp move—either a gap up driven by semiconductor sector news or a crash due to leverage unwinding—but the lack of volume in the deep ITM calls indicates limited conviction in a sustained rally. The massive IV spikes on far OTM strikes confirm this fear/greed asymmetry.
| Attribute | Value |
|---|---|
| All Time High | 41.9 |
| All Time Low | 10.46 |
| Ask | 19.44 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 1,548,580 |
| Average Daily Volume3 Month | 2,254,142 |
| Average Volume | 2,254,142 |
| Average Volume10Days | 1,548,580 |
| Beta3 Year | 0.0 |
| Bid | 19.38 |
| Bid Size | 1 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 20.26 |
| Day Low | 18.978 |
| 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 | 26.7086 |
| Fifty Day Average Change | -7.3985996 |
| Fifty Day Average Change Percent | -0.2770119 |
| Fifty Two Week Change Percent | 10.679615 |
| Fifty Two Week High | 41.9 |
| Fifty Two Week High Change | -22.590002 |
| Fifty Two Week High Change Percent | -0.5391408 |
| Fifty Two Week Low | 10.46 |
| Fifty Two Week Low Change | 8.849999 |
| Fifty Two Week Low Change Percent | 0.84608024 |
| Fifty Two Week Range | 10.46 - 41.9 |
| First Trade Date Milliseconds | 1,743,687,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,739,318,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-02-13 |
| 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 into financial instruments such as swaps and options underlying stock as well as directly purchasing the underlying stock. The fund is non-diversified. |
| Long Name | GraniteShares 2x Long QCOM Daily ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1917186552 |
| Nav Price | 21.01 |
| Net Assets | 136,158,944.0 |
| Net Expense Ratio | 1.5 |
| Open | 19.54 |
| Post Market Change | -0.11999893 |
| Post Market Change Percent | -0.62143415 |
| Post Market Price | 19.19 |
| Post Market Time | 1,783,986,572 |
| Previous Close | 20.52 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -1.21 |
| Regular Market Change Percent | -5.89669 |
| Regular Market Day High | 20.26 |
| Regular Market Day Low | 18.978 |
| Regular Market Day Range | 18.978 - 20.26 |
| Regular Market Open | 19.54 |
| Regular Market Previous Close | 20.52 |
| Regular Market Price | 19.31 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 566,581 |
| Short Name | GraniteShares 2x Long QCOM Dail |
| Source Interval | 15 |
| Symbol | QCML |
| Total Assets | 136,158,944 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 69.83719 |
| Trailing Three Month Returns | 69.83719 |
| Triggerable | 1 |
| Two Hundred Day Average | 20.154385 |
| Two Hundred Day Average Change | -0.84438515 |
| Two Hundred Day Average Change Percent | -0.041895855 |
| Type Disp | ETF |
| Volume | 566,581 |
| Yield | 0.0 |
| Ytd Return | -6.81711 |