GlobeNewswire Inc.T3·18mo ago
SPAX T-REX 2X Long SPCX Daily Target ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SPAX
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Key stats
About
T-REX 2X Long SPCX Daily Target ETF (SPAX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2026-06-12
- Has Options
- No
Fund profile
through Jan 2025flows, SEC filings
Resets to 2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 2x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- —
- Assets
- $7.6M SEC filing, Jan 31, 2025
- Trailing yield
- —
- Average daily volume
- $19M 30 sessions
- Holdings
- —
- Listed
- Jun 12, 2026 NYSE Arca
Costn/a
Liquidity76
Scale0
Diversificationn/a
Fund flows
through Jan 2025SEC filings- Jan 2025
- $0 latest reported month
- Latest 3 months
- −$509K −6.7% of assets
- Latest 12 months
- −$9.7M −127.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jan 2025 | $0 |
| Dec 2024 | −$509K |
| Nov 2024 | $0 |
| Oct 2024 | −$4.5M |
| Sep 2024 | $0 |
| Aug 2024 | −$1.0M |
| Jul 2024 | +$1.0M |
| Jun 2024 | −$515K |
| May 2024 | −$1.0M |
| Apr 2024 | −$1.5M |
| Mar 2024 | −$1.0M |
| Feb 2024 | −$512K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 44 months ago
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| SNXXTradr 2X Long SNDK Daily ETF | — | 1.49% | $1.4B | — | compare |
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The largest other funds in the Single-Stock Leveraged category.
ETF Profile
holdings as of 2025-01-31
Holdings
106
AUM
$7.6M
Provider
—
Inception
2026-06-12
Exchange
ARCX
Data As Of
2025-01-31
Expense Ratio
—
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 50 of 106 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | First American Government Obli | 8.11% | Short-term investment | US |
| BSII | Black Spade Acquisition II Co | 4.58% | Equity (common) | KY |
| — | Spree Acquisition Corp 1 Ltd | 4.39% | Equity (common) | KY |
| — | Capitalworks Emerging Markets Acquisition Corp | 3.34% | Equity (common) | KY |
| LPBB | Launch Two Acquisition Corp | 3.13% | Equity (common) | KY |
| — | Concord Acquisition Corp II | 2.90% | Equity (common) | US |
| NTWO | Newbury Street II Acquisition Corp | 2.79% | Equity (common) | KY |
| — | Dynamix Corp | 2.69% | Equity (common) | KY |
| DMAA | Drugs Made In America Acquisit | 2.64% | Equity (common) | US |
| GPAT | GP-Act III Acquisition Corp | 2.64% | Equity (common) | KY |
| FACT | Fact II Acquisition Corp | 2.62% | Equity (common) | KY |
| BBCQ | Bleichroeder Acquisition Corp I | 2.61% | Equity (common) | KY |
| IBAC | IB Acquisition Corp | 2.60% | Equity (common) | US |
| CCIX | Churchill Capital Corp IX | 2.54% | Equity (common) | US |
| GIG | GigCapital7 Corp | 2.39% | Equity (common) | KY |
| DMYY | dMY Squared Technology Group Inc | 2.37% | Equity (common) | US |
| UCFI | Iron Horse Acquisitions Corp | 2.29% | Equity (common) | US |
| — | Target Global Acquisition I Corp | 2.27% | Equity (common) | KY |
| AAM | AA Mission Acquisition Corp | 2.15% | Equity (common) | US |
| SIMA | SIM Acquisition Corp I | 2.14% | Equity (common) | US |
| LPAA | Launch One Acquisition Corp | 2.14% | Equity (common) | US |
| TDAC | Translational Development Acqu | 1.99% | Equity (common) | US |
| — | Ares Acquisition Corp II | 1.98% | Equity (common) | US |
| VCIC | Vine Hill Capital Investment Corp | 1.98% | Equity (common) | KY |
| GSRT | GSR III Acquisition Corp | 1.96% | Equity (common) | US |
| SVII | Spring Valley Acquisition Corp II | 1.94% | Equity (common) | KY |
| NETD | Nabors Energy Transition Corp | 1.94% | Equity (common) | US |
| — | JVSPAC Acquisition Corp | 1.87% | Equity (common) | VG |
| VACH | Voyager Acquisition Corp | 1.83% | Equity (common) | US |
| MACI | Melar Acquisition Corp I | 1.80% | Equity (common) | US |
| RFAI | RF Acquisition Corp II | 1.74% | Equity (common) | SG |
| ALF | Centurion Acquisition Corp | 1.73% | Equity (common) | US |
| FSHP | Flag Ship Acquisition Corp | 1.72% | Equity (common) | KY |
| ANSC | Agriculture & Natural Solutions Acquisition Corp | 1.71% | Equity (common) | KY |
| DTSQ | DT Cloud Star Acquisition Corp | 1.70% | Equity (common) | US |
| POLE | Andretti Acquisition Corp II | 1.70% | Equity (common) | US |
| — | HCM II Acquisition Corp | 1.49% | Equity (common) | US |
| LEGT | Legato Merger Corp III | 1.34% | Equity (common) | US |
| CUB | Lionheart Holdings | 1.30% | Equity (common) | KY |
| SPKL | Spark I Acquisition Corp | 1.05% | Equity (common) | US |
| MBAV | M3-Brigade Acquisition V Corp | 0.96% | Equity (common) | US |
| CEP | Cantor Equity Partners Inc | 0.87% | Equity (common) | US |
| WLAC | Willow Lane Acquisition Corp | 0.77% | Equity (common) | KY |
| — | RMG Acquisition Corp III | 0.76% | Equity (common) | KY |
| COLA | Columbus Acquisition Corp | 0.69% | Equity (common) | SG |
| — | International Media Acquisition Corp | 0.56% | Equity (common) | US |
| — | PowerUp Acquisition Corp | 0.49% | Equity (common) | KY |
| NOEM | CO2 Energy Transition Corp | 0.39% | Equity (common) | US |
| — | Mount Vernon Liquid Assets Portfolio, LLC | 0.24% | Short-term investment | US |
| HYAC | Haymaker Acquisition Corp 4 | 0.17% | Equity (common) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -0.61% | 1.45% | -0.12% | -0.39% | -- | 0.08% |
| Feb | -- | -0.12% | 0.82% | -0.10% | 0.30% | -- | 0.22% |
| Mar | -- | -0.00% | 0.09% | -0.20% | 0.07% | -- | -0.01% |
| Apr | -- | -0.07% | 0.40% | -0.26% | -0.35% | -- | -0.07% |
| May | -- | -1.09% | 0.54% | 2.41% | -- | -- | 0.62% |
| Jun | -0.02% | -0.01% | 0.01% | -1.26% | -- | -26.35% | -5.53% |
| Jul | -0.60% | 0.12% | 0.63% | 0.49% | -- | -54.64% | -10.80% |
| Aug | -0.53% | -0.63% | 0.40% | 0.34% | -- | 43.66% | 8.65% |
| Sep | 0.48% | -0.20% | -0.46% | -1.11% | -- | 9.32% | 1.61% |
| Oct | 1.63% | 0.53% | 0.25% | -0.98% | -- | 18.82%* | 4.05% |
| Nov | 0.30% | 0.82% | 0.35% | 0.44% | -- | -- | 0.48% |
| Dec | 0.28% | -1.50% | -5.70% | -0.22% | -- | -- | -1.79% |
| Total | 1.53% | -2.75% | -1.40% | -0.62% | -0.37% | -37.66% | -6.88% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $10.73
SMA 50: $9.62
SMA 200: $16.22
Current: $11.68
EMA 12: $11.32
EMA 26: $10.71
MACD: 0.6135 | Signal: 0.1416
BULLISH
ADX (14): 25.42
TREND
+DI: 30.18
−DI: 19.11
Momentum Oscillators
RSI (14): 56.63
NEUTRAL
Stoch %K: 54.65
Stoch %D: 68.26
Williams %R: -49.01
Volume & Volatility
BB Upper: $12.88
BB Lower: $8.58
NEUTRAL
OBV: 15,762,578
Vol SMA 20: 1,955,341
Vol ROC: 19.98%
ATR: $0.93
True Range: $0.80
HV 20: 104.6%
HV 30: 98.1%
HV 60: 145.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2023-08-08T00:00:00 – 2026-10-09T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All SPAX news →
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SPAX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 5.0655
Alpha: -130.84%
Correlation: 0.3889
R-Squared: 15.1%
Stock Volatility: 151.7%
Market Volatility: 11.6%
Analysis Details
Benchmark: SPY
Data Points: 82
Period: 252 trading days
Data Points: 82
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
SPAX Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$930.43K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $481.42K | 51.74% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $279.28K | 30.02% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $169.73K | 18.24% | 2026-06-30 |
3 filers$708.24K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $297.80K | 42.05% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $245.34K | 34.64% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $165.10K | 23.31% | 2026-06-30 |
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|