PONX - Tradr 2X Long PONY Daily ETF
PONX is a short-term tactical tool that aims to deliver twice (200%) the daily performance of Pony. ai (NASDAQ: PONY), before fees and expenses. The fund primarily enters into total return swap agreements with major global financial institutions that mirror PONYs daily returns.
As of Sep 30, 2026: spot at $12.64, ATM IV 127.8%, max pain $13.00, net GEX -$333.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $3.4M
- Beta
- 3.14
- 52-Week Range
- 12.5-362.55
- IPO Date
- Sep 9, 2025
- Exchange
- CBOE
What PONX Looks Like to Options Traders Today
IV rank of 22.5% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); negative net gamma exposure (-$333) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.169) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The PONX 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 PONX overview questions
- What is PONX?
- PONX is the ticker symbol for Tradr 2X Long PONY Daily ETF, an listed exchange-traded fund. PONX is a short-term tactical tool that aims to deliver twice (200%) the daily performance of Pony. ai (NASDAQ: PONY), before fees and expenses. Listed on CBOE. PONX 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 PONX options snapshot look like today?
- As of Sep 30, 2026, the PONX options snapshot shows spot at $12.64, ATM IV 127.8%, IV rank 22.5%, max pain $13.00, net GEX -$333, expected move 36.64%. 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 PONX's key statistics?
- Tradr 2X Long PONY Daily ETF (PONX) carries a market capitalization of $3.4M, 52-week range of 12.5-362.55. 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 PONX belong to?
- Tradr 2X Long PONY 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 PONX'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 PONX data on this page?
- The options snapshot above is dated Sep 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.