RAM - Roundhill T-REX 2X Long DRAM Daily Target ETF

RAM seeking daily leveraged exposure is very different from most other exchange-traded funds. As a result, RAM may be riskier than alternatives that do not use leverage. The ETF's investment objective is to magnify (200%) the daily performance of the shares of the Issuers own Memory ETF, ticker: DRAM.

As of Jul 16, 2026: spot at $11.96, ATM IV 202.9%, max pain $18.00, net GEX -$172.4K.

Sector
Financial Services
Industry
Asset Management
Market Cap
$552.5M
Beta
0.00
52-Week Range
13.295-33.11
IPO Date
Jun 24, 2026
Exchange
CBOE

What RAM Looks Like to Options Traders Today

IV rank of 89.0% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); negative net gamma exposure (-$172.4K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.060) prices calls richer than puts, often reflecting upside speculation or squeeze risk.

What This Page Covers

The RAM 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 RAM overview questions

What is RAM?
RAM is the ticker symbol for Roundhill T-REX 2X Long DRAM Daily Target ETF, an listed exchange-traded fund. RAM seeking daily leveraged exposure is very different from most other exchange-traded funds. As a result, RAM may be riskier than alternatives that do not use leverage. Listed on CBOE. RAM 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 RAM options snapshot look like today?
As of Jul 16, 2026, the RAM options snapshot shows spot at $11.96, ATM IV 202.9%, IV rank 89.0%, max pain $18.00, net GEX -$172.4K, expected move 58.17%. 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 RAM's key statistics?
Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) carries a market capitalization of $552.5M, 52-week range of 13.295-33.11. 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 RAM belong to?
Roundhill T-REX 2X Long DRAM Daily Target 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 RAM'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 RAM data on this page?
The options snapshot above is dated Jul 16, 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.