🔴 Trading--Leveraged Equity ETF (AAOG) is trading 7.2% down in pre-market on Applied Optoelectronics’ post-earnings reversal

AAOG is trading at $4.01 (-7.2%) after Applied Optoelectronics’ post-earnings reversal pressured shares.

• AAOG provides 2x daily exposure to Applied Optoelectronics (AAOI); the underlying stock is the primary catalyst.
• AAOI reported record $191.9 million Q2 revenue and $0.06 adjusted EPS, but mixed guidance and profit-taking followed its recent surge.
• The ETF is below the August 10 close of $4.32; broader risk sentiment is cautious as oil rises on stalled U.S.-Iran talks and major index futures remain mixed.