ONDG - Themes ETF Trust - Leverage Shares 2X Long ONDS Daily ETF
ONDG is designed for making bullish bets on the stock price of Ondas Holdings Inc. , through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets.
As of Oct 13, 2026: spot at $1.77, ATM IV 22.9%, max pain $1.00, net GEX $662.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $17.4M
- Beta
- 4.90
- 52-Week Range
- 1.6415-17.4
- IPO Date
- Jan 13, 2026
- Exchange
- NASDAQ
What ONDG Looks Like to Options Traders Today
IV rank of 5.0% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($662) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (1.685) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The ONDG 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.
ONDG fund facts: expense ratio 0.75%, assets under management $25.0M, NAV $2.17 as of the data source's update on Oct 8, 2026, 6 holdings in its latest file, launched Jan 13, 2026, issued by LeverageShares. See the ONDG holdings.
Frequently asked ONDG overview questions
- What is ONDG?
- ONDG is the ticker symbol for Themes ETF Trust - Leverage Shares 2X Long ONDS Daily ETF, an listed exchange-traded fund. ONDG is designed for making bullish bets on the stock price of Ondas Holdings Inc. , through swap agreements. Listed on NASDAQ. ONDG 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 ONDG options snapshot look like today?
- As of Oct 13, 2026, the ONDG options snapshot shows spot at $1.77, ATM IV 22.9%, IV rank 5.0%, max pain $1.00, net GEX $662, expected move 6.57%. 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 ONDG's key statistics?
- Themes ETF Trust - Leverage Shares 2X Long ONDS Daily ETF (ONDG) carries a market capitalization of $17.4M, 52-week range of 1.6415-17.4. 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 ONDG belong to?
- Themes ETF Trust - Leverage Shares 2X Long ONDS Daily ETF operates in the Financial Services sector, in the Asset Management 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 ONDG'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 ONDG data on this page?
- The options snapshot above is dated Oct 13, 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.