Traders Purchase High Volume of Call Options on T-REX 2X Inverse CRWV Daily Target ETF (BATS:CORD)

T-REX 2X Inverse CRWV Daily Target ETF (BATS:CORD) was the recipient of some unusual options trading activity on Tuesday. Traders bought 6,736 call options on the company. This is an increase of 3,663% compared to the average volume of 179 call options.

T-REX 2X Inverse CRWV Daily Target ETF Trading Down 9.2%

Shares of CORD traded down $0.47 during midday trading on Tuesday, reaching $4.63. 12,972,019 shares of the stock were exchanged, compared to its average volume of 6,349,310. T-REX 2X Inverse CRWV Daily Target ETF has a twelve month low of $1.87 and a twelve month high of $67.54.

T-REX 2X Inverse CRWV Daily Target ETF (BATS: CORD) is an exchange-traded fund designed to provide approximately two times the inverse, or opposite, of the daily performance of CoreWeave, Inc common stock under normal market conditions. The fund is intended for investors seeking short-term bearish exposure to CoreWeave’s share price through a single exchange-traded product.

To pursue its objective, the ETF generally uses derivatives, such as swap agreements, rather than directly shorting or holding the underlying company’s stock.