T-REX 2X Long SMR Daily Target ETF (SMUP)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
13.36 USD
+2.31
(20.905%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 13.73 +0.37 (2.769%) ⇧ (April 17, 2026, 7:55 p.m. EDT) Short-term: ★☆☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 18, 2026, 10:13 p.m. EDT
SMUP is currently in a dangerous, high-beta state marked by a massive historical split and extreme localized volatility in its constituents. The 2x leverage caught the recent SMR rally but is equally exposed to the short leg. The recent price action shows erratic, single-day swings (e.g., the +50% move to $13.36 followed by a pullback) typical of leveraged ETFs with negative daily resets or high beta. With the short period for the leverage to erode (compounding is for years, not weeks), the current environment favors immediate flattening for hedging rather than aggressive directional plays, as the forecast model predicts a severe -56% drop and the underpins (like OKLO) have already surged significantly, leaving limited upside room in a short timeframe. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 2.111992 |
| AutoETS | 3.035942 |
| AutoARIMA | 3.055042 |
| MSTL | 3.078361 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 60% |
| H-stat | 1.00 |
| Ljung-Box p | 0.156 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 14.92 |
As of April 18, 2026, 10:13 p.m. EDT: Options market is deeply conflicted, reflecting the binary nature of a 2x leveraged long-short portfolio. May expirations show extreme skew: Calls exhibit massive volume at strikes 17, 20, and 22 (distance 33%-64%), suggesting aggressive bullish positioning on the SMR leg, while the 12-strike call shows a massive 223% IV spike, indicating high uncertainty around the current ATM region. Conversely, Puts show heightened IV (10.65 vs 0.59 for calls) with concentrated OI at strikes 5, 8, and 13, hinting at a keen eye on potential drawdown in the short leg (e.g., OKLO/CRWV). The discrepancy in IV between deep ITM/OTM and ATM straddles suggests a market waiting for a volatility expansion in the underlying constituents.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-24 | 52.75 | 17.656904 |
| Attribute | Value |
|---|---|
| All Time High | 6,835.0 |
| All Time Low | 6.8 |
| Ask | 14.2 |
| Ask Size | 2,700 |
| Average Daily Volume10 Day | 162,994 |
| Average Daily Volume3 Month | 122,037 |
| Average Volume | 122,037 |
| Average Volume10Days | 162,994 |
| Beta3 Year | 0.0 |
| Bid | 13.57 |
| Bid Size | 500 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 14.6395 |
| Day Low | 12.055 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 14.5226 |
| Fifty Day Average Change | -1.1626005 |
| Fifty Day Average Change Percent | -0.08005457 |
| Fifty Two Week Change Percent | -99.78552 |
| Fifty Two Week High | 6,835.0 |
| Fifty Two Week High Change | -6,821.64 |
| Fifty Two Week High Change Percent | -0.9980454 |
| Fifty Two Week Low | 6.8 |
| Fifty Two Week Low Change | 6.5599995 |
| Fifty Two Week Low Change Percent | 0.96470577 |
| Fifty Two Week Range | 6.8 - 6835.0 |
| First Trade Date Milliseconds | 1,753,709,400,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Rex |
| Fund Inception Date | 1,753,315,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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 SMR on a daily basis. The fund is non-diversified. |
| Long Name | T-REX 2X Long SMR Daily Target ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1945529382 |
| Nav Price | 13.3975 |
| Net Assets | 10,134,693.0 |
| Net Expense Ratio | 1.5 |
| Open | 12.22 |
| Post Market Change | 0.3699999 |
| Post Market Change Percent | 2.7694602 |
| Post Market Price | 13.73 |
| Post Market Time | 1,776,470,155 |
| Previous Close | 11.05 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.31 |
| Regular Market Change Percent | 20.905 |
| Regular Market Day High | 14.6395 |
| Regular Market Day Low | 12.055 |
| Regular Market Day Range | 12.055 - 14.6395 |
| Regular Market Open | 12.22 |
| Regular Market Previous Close | 11.05 |
| Regular Market Price | 13.36 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 289,492 |
| Short Name | T-REX 2X Long SMR Daily Target |
| Source Interval | 15 |
| Symbol | SMUP |
| Total Assets | 10,134,693 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -54.55432 |
| Trailing Three Month Returns | -54.55432 |
| Triggerable | 1 |
| Two Hundred Day Average | 1,478.5629 |
| Two Hundred Day Average Change | -1,465.2029 |
| Two Hundred Day Average Change Percent | -0.99096423 |
| Type Disp | ETF |
| Volume | 289,492 |
| Ytd Return | -54.55432 |