TSLZ - T-REX 2X Inverse Tesla Daily Target ETF
Under normal market conditions, this ETF seeks to provide a daily return that is 200% inverse (opposite) to the performance of Tesla (TSLA) stock. To achieve this, it typically allocates at least 80% of its net assets to swap agreements. These agreements, entered into with major global financial institutions, involve the fund and the institution exchanging returns to generate daily exposure equivalent to negative 200% of the fund's net asset value, based on TSLA's movements.
As of Sep 30, 2026: spot at $12.44, ATM IV 83.6%, max pain $12.00, net GEX $7.4K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $81.2M
- Beta
- -2.44
- 52-Week Range
- 9.735-19.03
- Dividend Yield
- $0.08
- IPO Date
- Oct 19, 2023
- Exchange
- CBOE
What TSLZ Looks Like to Options Traders Today
IV rank of 34.8% 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 ($7.4K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.055) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The TSLZ 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 TSLZ overview questions
- What is TSLZ?
- TSLZ is the ticker symbol for T-REX 2X Inverse Tesla Daily Target ETF, an listed exchange-traded fund. Under normal market conditions, this ETF seeks to provide a daily return that is 200% inverse (opposite) to the performance of Tesla (TSLA) stock. To achieve this, it typically allocates at least 80% of its net assets to swap agreements. Listed on CBOE. TSLZ 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 TSLZ options snapshot look like today?
- As of Sep 30, 2026, the TSLZ options snapshot shows spot at $12.44, ATM IV 83.6%, IV rank 34.8%, max pain $12.00, net GEX $7.4K, expected move 23.97%. 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 TSLZ's key statistics?
- T-REX 2X Inverse Tesla Daily Target ETF (TSLZ) carries a market capitalization of $81.2M, 52-week range of 9.735-19.03. 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 TSLZ belong to?
- T-REX 2X Inverse Tesla 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 TSLZ'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 TSLZ 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.