SNAG - Themes ETF Trust - Leverage Shares 2X Long SNAP Daily ETF
SNAG is designed for making bullish bets on the stock price of Snap, 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 $7.60, ATM IV 179.3%, max pain $6.00, net GEX $488.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $4.2M
- Beta
- 6.12
- 52-Week Range
- 3.41-20.8
- IPO Date
- Dec 18, 2025
- Exchange
- NASDAQ
What SNAG Looks Like to Options Traders Today
IV rank of 34.3% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($488) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.233) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The SNAG 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.
SNAG fund facts: expense ratio 0.75%, assets under management $2.4M, NAV $6.03 as of the data source's update on Oct 8, 2026, 6 holdings in its latest file, launched Dec 18, 2025, issued by LeverageShares. See the SNAG holdings.
Frequently asked SNAG overview questions
- What is SNAG?
- SNAG is the ticker symbol for Themes ETF Trust - Leverage Shares 2X Long SNAP Daily ETF, an listed exchange-traded fund. SNAG is designed for making bullish bets on the stock price of Snap, Inc. , through swap agreements. Listed on NASDAQ. SNAG 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 SNAG options snapshot look like today?
- As of Oct 13, 2026, the SNAG options snapshot shows spot at $7.60, ATM IV 179.3%, IV rank 34.3%, max pain $6.00, net GEX $488, expected move 51.40%. 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 SNAG's key statistics?
- Themes ETF Trust - Leverage Shares 2X Long SNAP Daily ETF (SNAG) carries a market capitalization of $4.2M, 52-week range of 3.41-20.8. 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 SNAG belong to?
- Themes ETF Trust - Leverage Shares 2X Long SNAP 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 SNAG'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 SNAG 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.