Direxion has expanded its SpaceX (NASDAQ:SPCX) trading lineup with the launch of the Direxion Daily SpaceX Bear 2X ETF (NYSE:LOFD), designed to deliver -200% of the daily performance of SpaceX shares. The launch coincides with two major catalysts for the newly public company: its first quarterly earnings report and the start of its post-IPO lock-up expiration.

LOFD complements the firm’s bullish Direxion Daily SpaceX Bull 2X ETF (NYSE:LOFF), giving traders both long and short leveraged exposure to Elon Musk’s aerospace company. Direxion now offers bull and bear ETFs on both SpaceX and Tesla, Inc (NASDAQ:TSLA), with the issuer highlighting its Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) as the largest Tesla single-stock ETF by assets. Chief Product Officer Mo Sparks said the new fund gives traders a way to express a bearish view or hedge existing SpaceX positions during a period that could see elevated volatility.

QUICK CONTEXT: Leveraged ETFs Chase SpaceX Volatility

Single-stock leveraged ETFs have become one of the fastest-growing corners of the ETF market, offering amplified daily exposure to high-profile names such as Nvidia, Tesla and now SpaceX. The products are designed primarily for short-term tactical trading rather than long-term investing because their daily reset can produce returns that diverge from the underlying stock over longer holding periods.

SpaceX has drawn intense investor attention since its Nasdaq debut, with its first earnings report and the expiration of insider lock-up restrictions expected to increase trading activity. Lock-up expirations often introduce additional share supply as early investors and employees become eligible to sell, potentially triggering sharp price swings. Direxion’s launch of LOFD alongside its existing bullish LOFF ETF gives traders the flexibility to position for either direction as SpaceX enters one of its most closely watched periods since going public.

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