AAOX +2x Tradr 2X Long AAOI Daily ETF

BULL ETF standard · Issuer Tradr · Tracks AAOI · Listed 2026-03-23

Quote & options All leveraged ETFs

Implied AUM

—

shares out × price

Last close

$10.65

20261001

30-day avg volume

8,138,649

no listed options

AAOX realized

—

what holders actually earned

Theoretical +2x

—

+2x × AAOI's return

Decay gap

—

realized minus theoretical

Realized vs theoretical +2x AAOI

Cumulative return of AAOX against a clean +2x of AAOI's return over the same window; the red line (right axis) is the gap between them.

Pair counterpart: AAOZ (-2x bear, Tradr 2X Short AAOI Daily ETF)

Shorting both legs of a daily-reset bull/bear pair captures their combined decay over time. It isn't free money — the edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow shares.

Other leveraged products on AAOI

Symbol	Factor	Direction	Issuer	Name	Implied AUM	30d volume	Options
AAOG	+2x	BULL	Leverage Shares	Leverage Shares 2X Long AAOI Daily ETF	—	2,793,606
AAOZ	-2x	BEAR	Tradr	Tradr 2X Short AAOI Daily ETF	—	1,120,955

How AAOX works

AAOX targets +2x the daily return of AAOI — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from +2x × the index, usually downward when the market chops around.

The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a +2x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.

Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.

Not investment advice.