🔴 LITE 2X Long ETF (LITX) is trading 3.25% down in pre-market on weaker U.S. futures

LITX is trading 3.25% down in pre-market as weaker U.S. equity futures and renewed Middle East tensions pressure risk appetite.

• S&P 500 futures are down 0.49% and Nasdaq futures 0.88%; investors await September 1, 2026 JOLTS and ISM Manufacturing data.
• Oil nears $90. LITX targets 200% of Lumentum’s daily performance, so the move reflects AI-optics volatility rather than lithium prices.
• Lumentum’s sharp rally on strong AI-driven guidance and analyst optimism leaves the position vulnerable to profit-taking.