T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ)Trading--Inverse Equity | Exchange Traded Fund | Cboe US
13.16 USD
-0.78
(-5.595%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 13.12 -0.04 (-0.040%) ⇩ (April 17, 2026, 7:58 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 18, 2026, 7:04 p.m. EDT
TSLZ is a structurally broken vehicle for long-term investors due to its 2x inverse leverage mechanics and a history of erratic, NAV-eroding dividends that look like noise rather than yield. While the recent price action has corrected sharply toward the 13.00 support level, the options market is screaming for a violent move, with speculators piling into OTM wings on both sides. This is not a momentum play; it is a volatility trap where short-term traders are hedging against a squeeze while long-term holders watch their principal erode through the inherent decay of the instrument. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.146370 |
| AutoTheta | 0.148365 |
| AutoETS | 0.149516 |
| MSTL | 0.166611 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 13.00 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.087 |
| Excess Kurtosis | -0.34 |
As of April 18, 2026, 7:04 p.m. EDT: Options positioning reveals a distinct split between extreme short-term hedging and long-term speculative tail risk. Near-term (April) puts show heavy volume and open interest at ATM strikes (13.0/14.0), indicating immediate fear of downside. Conversely, the June 18 expiry displays a massive skew toward deep OTM calls with extreme IV spikes at 30.0 and 5.0 strikes, alongside significant OI in put strikes like 12.0. This 'straddle' of extreme OTM positions suggests speculators are not betting on a linear move but are pricing in a volatile swing event or 'black swan' scenario over the next 2-3 months. The high IV in short-dated calls vs puts suggests a potential squeeze or rapid reversal is priced in for the immediate weeks.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.79% | 0.79% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-24 | 0.081 | 0.791789 |
| 2024-12-24 | 1.040 | 2.640412 |
| 2023-12-26 | 55.180 | 13.243802 |
| Attribute | Value |
|---|---|
| All Time High | 1,212.94 |
| All Time Low | 9.735 |
| Ask | 13.25 |
| Ask Size | 14,000 |
| Average Daily Volume10 Day | 5,091,720 |
| Average Daily Volume3 Month | 9,989,672 |
| Average Volume | 9,989,672 |
| Average Volume10Days | 5,091,720 |
| Beta3 Year | 0.0 |
| Bid | 13.18 |
| Bid Size | 14,500 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 13.815 |
| Day Low | 12.55 |
| Dividend Yield | 0.51 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 14.7967 |
| Fifty Day Average Change | -1.6366997 |
| Fifty Day Average Change Percent | -0.11061248 |
| Fifty Two Week Change Percent | -83.89229 |
| Fifty Two Week High | 84.6 |
| Fifty Two Week High Change | -71.44 |
| Fifty Two Week High Change Percent | -0.8444445 |
| Fifty Two Week Low | 9.735 |
| Fifty Two Week Low Change | 3.4250002 |
| Fifty Two Week Low Change Percent | 0.35182336 |
| Fifty Two Week Range | 9.735 - 84.6 |
| First Trade Date Milliseconds | 1,697,722,200,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Rex |
| Fund Inception Date | 1,697,587,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,023-10-19 |
| 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% inverse (opposite) exposure to the price performance of TSLA on a daily basis. The fund is non-diversified. |
| Long Name | T-Rex 2X Inverse Tesla Daily Target ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1837196346 |
| Nav Price | 13.17 |
| Net Assets | 52,695,768.0 |
| Net Expense Ratio | 1.05 |
| Open | 13.5 |
| Post Market Change | -0.039899826 |
| Post Market Change Percent | -0.30319017 |
| Post Market Price | 13.1201 |
| Post Market Time | 1,776,470,309 |
| Previous Close | 13.94 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.78 |
| Regular Market Change Percent | -5.59541 |
| Regular Market Day High | 13.815 |
| Regular Market Day Low | 12.55 |
| Regular Market Day Range | 12.55 - 13.815 |
| Regular Market Open | 13.5 |
| Regular Market Previous Close | 13.94 |
| Regular Market Price | 13.16 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 9,524,890 |
| Short Name | T-Rex 2X Inverse Tesla Daily Ta |
| Source Interval | 15 |
| Symbol | TSLZ |
| Total Assets | 52,695,768 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 33.89545 |
| Trailing Three Month Returns | 33.89545 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.732574 |
| Two Hundred Day Average Change | -4.5725746 |
| Two Hundred Day Average Change Percent | -0.257863 |
| Type Disp | ETF |
| Volume | 9,524,890 |
| Yield | 0.0050999997 |
| Ytd Return | 33.89545 |