T-REX 2X Long SBET Daily Target (SBTU)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
4.73 USD
+0.28
(6.292%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 4.74 +0.01 (0.211%) ⇧ (April 17, 2026, 7:58 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 11:26 p.m. EDT
SBTU is a high-risk, pure-momentum play on a hyper-volatile covariance asset. The price action is recovering sharply (from $2.73 low to $4.73 high in 14 days), but the statistical models flag a catastrophic -41% predicted decline over the next 45 days, indicating a massive mean-reversion or trap ahead. The elevated IV suggests the market expects continued chaos rather than a float-up. Given the 2x leverage and the underlying's recent 'crash' narrative, the risk-reward ratio favors selling the momentum if the model's bearish signal holds, despite the short-term price bounce, as the long-term fundamental outlook is non-existent for this leverage structure. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.609844 |
| AutoETS | 0.801059 |
| MSTL | 0.802050 |
| AutoARIMA | 0.812277 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 79% |
| H-stat | 0.95 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.178 |
| Excess Kurtosis | 0.37 |
As of April 18, 2026, 11:26 p.m. EDT: Speculators show extreme bullish skew in the short term, with call activity wildly disproportionate to put volume for the April 17th expiration (Lasik call IV 6.3% vs Put IV 2.69%). Significant out-of-the-money bullish positioning is evident on the $6.00 strike. However, this is a leveraged product (2x long) related to a volatile underlying (SharpLink Gaming) with a recently updated news narrative referencing a 'crash' after a massive spike. The short-dated options market is pricing in continued volatility, while the longer-dated (June) calls show a divergent picture with massive open interest at deep strikes ($25.00, $18.00) recently added to the board, suggesting some hedge-fund or whale positioning for a comeback, but the immediate options flow is purely explosive short-term buying.
| Attribute | Value |
|---|---|
| All Time High | 25.68 |
| All Time Low | 2.7 |
| Ask | 5.0 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 85,080 |
| Average Daily Volume3 Month | 59,456 |
| Average Volume | 59,456 |
| Average Volume10Days | 85,080 |
| Beta3 Year | 0.0 |
| Bid | 4.58 |
| Bid Size | 200 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 4.81 |
| Day Low | 4.53 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 3.9522 |
| Fifty Day Average Change | 0.7778001 |
| Fifty Day Average Change Percent | 0.19680181 |
| Fifty Two Week Change Percent | -80.03377 |
| Fifty Two Week High | 25.68 |
| Fifty Two Week High Change | -20.95 |
| Fifty Two Week High Change Percent | -0.81580997 |
| Fifty Two Week Low | 2.7 |
| Fifty Two Week Low Change | 2.03 |
| Fifty Two Week Low Change Percent | 0.75185186 |
| Fifty Two Week Range | 2.7 - 25.68 |
| First Trade Date Milliseconds | 1,761,053,400,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Rex |
| Fund Inception Date | 1,760,918,400 |
| 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 SBET on a daily basis. The fund is non-diversified. |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1961451441 |
| Nav Price | 4.7082 |
| Net Assets | 1,377,947.0 |
| Net Expense Ratio | 1.5 |
| Open | 4.67 |
| Post Market Change | 0.009999752 |
| Post Market Change Percent | 0.21141125 |
| Post Market Price | 4.74 |
| Post Market Time | 1,776,470,337 |
| Previous Close | 4.45 |
| Price Hint | 4 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.28 |
| Regular Market Change Percent | 6.29214 |
| Regular Market Day High | 4.81 |
| Regular Market Day Low | 4.53 |
| Regular Market Day Range | 4.53 - 4.81 |
| Regular Market Open | 4.67 |
| Regular Market Previous Close | 4.45 |
| Regular Market Price | 4.73 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 145,410 |
| Short Name | T-REX 2X Long SBET Daily Target |
| Source Interval | 15 |
| Symbol | SBTU |
| Total Assets | 1,377,947 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -59.45914 |
| Trailing Three Month Returns | -59.45914 |
| Triggerable | 1 |
| Two Hundred Day Average | 8.626545 |
| Two Hundred Day Average Change | -3.896545 |
| Two Hundred Day Average Change Percent | -0.4516924 |
| Type Disp | ETF |
| Volume | 145,410 |
| Ytd Return | -59.45914 |