AAOX +2x Tradr 2X Long AAOI Daily ETF

AAOX

ETF +2x BULL standard
Tradr 2X Long AAOI Daily ETF
Issuer: Tradr · Tracks: AAOI · Listed: 2026-03-23
Implied AUM
$194.9M
Last Close
$13.86
20260720
30d Avg Vol
6,911,457
Options
—
Realized return vs theoretical +2x AAOI
Pair counterpart found: AAOZ (-2x bear, Tradr 2X Short AAOI Daily ETF)
Shorting both legs of a daily-reset bull/bear pair captures combined decay drift over time. Theoretical "free money" — actual edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow products.
Other leveraged products tracking AAOI
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AAOG +2x BULL Leverage Shares Leverage Shares 2X Long AAOI Daily ETF $15.3M 1,454,778
AAOZ -2x BEAR Tradr Tradr 2X Short AAOI Daily ETF — 89,036

How AAOX works

AAOX targets +2x the daily return of AAOI — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AAOX carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.