TSLQ -2x Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF

TSLQ

ETF -2x BEAR standard
Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF
Issuer: Tradr · Tracks: TSLA · Listed: 2022-07-13
Implied AUM
$122.8M
Last Close
$20.54
20260720
30d Avg Vol
7,795,890
Options
available
Realized return vs theoretical -2x TSLA
Pair counterpart found: TSLL (+2x bull, Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X 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 TSLA
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
TSLL +2x BULL Direxion Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF $3.53B 57,656,893
TSLT +2x BULL T-Rex T-REX 2X Long Tesla Daily Target ETF $187.1M 2,614,362
TSLR +2x BULL GraniteShares GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF $75.1M 1,592,388
TSLG +2x BULL Leverage Shares Leverage Shares 2X Long TSLA Daily ETF $39.7M 35,672,925
TSL +1.25x BULL GraniteShares GraniteShares 1.25x Long TSLA Daily ETF $11.2M 742,935
TSLZ -2x BEAR T-Rex T-Rex 2X Inverse Tesla Daily Target ETF $35.8M 3,058,356
TSDD -2x BEAR GraniteShares GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF $30.5M 26,090,323

How TSLQ works

TSLQ targets -2x the daily return of TSLA — 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 TSLQ 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.