MSTZ - T-REX 2X Inverse MSTR Daily Target ETF
This fund generally commits a minimum of 80% of its net assets, along with any borrowed capital for investment purposes, into swap agreements. These agreements are structured to provide a daily return that aims to be 200% inverse (twice the opposite) of the performance of MSTR. MSTR refers to MicroStrategy Inc.
As of Jun 30, 2026: spot at $15.54, ATM IV 202.6%, max pain $8.00, net GEX $24.6K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $302.8M
- Beta
- -2.25
- 52-Week Range
- 3.09-28.71
- IPO Date
- Sep 18, 2024
- Exchange
- CBOE
What MSTZ Looks Like to Options Traders Today
IV rank of 82.7% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($24.6K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.206) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The MSTZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked MSTZ overview questions
- What is MSTZ?
- MSTZ is the ticker symbol for T-REX 2X Inverse MSTR Daily Target ETF, an listed exchange-traded fund. This fund generally commits a minimum of 80% of its net assets, along with any borrowed capital for investment purposes, into swap agreements. These agreements are structured to provide a daily return that aims to be 200% inverse (twice the opposite) of the performance of MSTR. Listed on CBOE. MSTZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the MSTZ options snapshot look like today?
- As of Jun 30, 2026, the MSTZ options snapshot shows spot at $15.54, ATM IV 202.6%, IV rank 82.7%, max pain $8.00, net GEX $24.6K, expected move 58.09%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are MSTZ's key statistics?
- T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) carries a market capitalization of $302.8M, 52-week range of 3.09-28.71. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does MSTZ belong to?
- T-REX 2X Inverse MSTR Daily Target ETF operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare MSTZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the MSTZ data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.