NVDX: Good Set-Up For A Leveraged Play On Nvidia Stock

The T-REX 2X Long NVIDIA Daily Target ETF remains a Buy after delivering a 250% total return over 2.5 years. NVDX achieves 2x daily exposure to NVDA via swap agreements, not by holding the underlying stock. Swap costs for NVDX rise when NVDA's implied volatility increases, impacting returns through higher spreads over SOFR. Daily leverage resets ensure 200% exposure, but high volatility periods can erode NVDX's performance due to increased financing costs.

I've written about the T-REX 2X Long NVIDIA Daily Target ETF ( NVDX ) before, and in the 2.5 years since that article was published the ETF has done pretty well. Really well, in fact, with a