T-REX 2X LONG RDW DAILY TARGET ETF (RDWU)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
6.55 USD
-0.51
(-7.224%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 6.43 -0.12 (-0.120%) ⇩ (Aug. 28, 2026, 7:53 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:13 a.m. EDT
This instrument is a leveraged daily ETF tracking Redwire, making it inherently volatile and unsuitable for standard long-term holding strategies. The recent price action reveals a brutal reality: despite a surge earlier in the session, the asset has collapsed from a high of 10.58 to close at 8.1, erasing nearly 23% of the day's gains and trading well below its 52-week low relative to the recent spike. The 2x leverage acts as a magnifier of the underlying asset's struggles, evidenced by the significant distance below the 50-day and 200-day moving averages. With no dividend history to provide any income cushion and a statistical forecasting model showing very low reliability due to the erratic nature of the price series, there is no clear edge here. The options market confirms this uncertainty with speculative, high-volatility positioning rather than conviction-based directional bets. For a short-term trader, the setup is messy with conflicting signals; for a long-term investor, the lack of fundamentals and the compounding drag of leverage on a declining or volatile trend make this a hold-avoidance candidate. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 1.354064 |
| AutoETS | 1.368273 |
| MSTL | 1.392304 |
| AutoTheta | 1.400068 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 24% |
| H-stat | 7.27 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.119 |
| Excess Kurtosis | -0.50 |
As of Aug. 22, 2026, 5:13 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. Call volume spikes significantly at distant strikes (40, 45, 60), suggesting a 'lottery ticket' mentality hoping for a massive gap-up, while put volume remains concentrated near-the-money and at lower strikes, indicating a hedge against a drop to the 5.0 level. The implied volatility surface shows massive premiums for out-of-the-money calls, reflecting a fear of a crash or a hope for a moonshot, but the lack of substantial open interest at these high strikes suggests the positioning is speculative and fragile.
| Attribute | Value |
|---|---|
| All Time High | 59.29 |
| All Time Low | 3.7 |
| Ask | 6.85 |
| Ask Size | 600 |
| Average Daily Volume10 Day | 437,730 |
| Average Daily Volume3 Month | 1,709,706 |
| Average Volume | 1,709,706 |
| Average Volume10Days | 437,730 |
| Beta3 Year | 0.0 |
| Bid | 6.55 |
| Bid Size | 1,400 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 6.8726 |
| Day Low | 6.32 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.531 |
| Fifty Day Average Change | -0.98099995 |
| Fifty Day Average Change Percent | -0.13026157 |
| Fifty Two Week Change Percent | -68.79467 |
| Fifty Two Week High | 59.29 |
| Fifty Two Week High Change | -52.74 |
| Fifty Two Week High Change Percent | -0.88952607 |
| Fifty Two Week Low | 3.7 |
| Fifty Two Week Low Change | 2.8500001 |
| Fifty Two Week Low Change Percent | 0.7702703 |
| Fifty Two Week Range | 3.7 - 59.29 |
| First Trade Date Milliseconds | 1,769,783,400,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | -0.51 |
| Fullday Change Percent | -7.22379 |
| Fullday Price | 6.43 |
| Fund Family | Rex |
| Fund Inception Date | 1,769,644,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of BRR on a daily basis. The fund may also seek to achieve its investment objective by purchasing call options on RDW or by investing directly in the common stock of RDW. The fund is non-diversified. |
| Long Name | T-REX 2X LONG RDW DAILY TARGET ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1962082376 |
| Nav Price | 7.0806 |
| Net Assets | 26,039,084.0 |
| Net Expense Ratio | 1.5 |
| Open | 6.88 |
| Post Market Change | -0.12000036 |
| Post Market Change Percent | -1.8320665 |
| Post Market Price | 6.43 |
| Post Market Time | 1,787,961,233 |
| Previous Close | 7.06 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.51 |
| Regular Market Change Percent | -7.22379 |
| Regular Market Day High | 6.8726 |
| Regular Market Day Low | 6.32 |
| Regular Market Day Range | 6.32 - 6.8726 |
| Regular Market Open | 6.88 |
| Regular Market Previous Close | 7.06 |
| Regular Market Price | 6.55 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 375,260 |
| Short Name | T-REX 2X Long RDW Daily Target |
| Source Interval | 15 |
| Symbol | RDWU |
| Total Assets | 26,039,084 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -47.68878 |
| Trailing Three Month Returns | -47.68878 |
| Triggerable | 1 |
| Two Hundred Day Average | 12.287602 |
| Two Hundred Day Average Change | -5.737602 |
| Two Hundred Day Average Change Percent | -0.46694237 |
| Type Disp | ETF |
| Volume | 375,260 |