Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

[rayank]

I am in this now. Higher?

[BottomBounce]

Gas Prices are at 7 Year High https://www.foxnews.com/media/hannity-slams-biden-administration-over-fuel-shortage-rising-prices-enemies-are-doing-backflips

[dealerschool2006]

03/16/21 10:22AM EDT Buy 21 GUSH Mar 19 '21 $85 Call Executed @ $2 !!! My internet went down earlier and maybe I didn't get a chance to post this...

[dealerschool2006]

I made some good $$$ on GUSH options last month...I've got like 3 or 4 plays I'm watching and only going with one...I can either avg down what i own, OR buy into a newly sprouting company or buy GUSH March 100 calls...we'll see what happens next week...

[zc182]

From Direxion website...about GUSH/DRIP or any of their leveraged ETFs.

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

Magnify your short-term perspective with daily 2X leverage
Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

[zc182]

GUSH is not a buy and hold for the most part, it's often traded intraday. It's mostly based on XOP Spyder Select, but the holding right now are quite a bit in cash as well. Not sure why that is.

You can check the holdings here. https://www.direxion.com/product/daily-sp-oil-gas-exp-prod-bull-bear-2x-etfs/

Under "Documents and Downloads" it says 'Daily Holdings'


To answer your question, there have been two recent reverse splits 11/22/2019 1 for 10
03/24/2020 1 for 40


But that 20,000 is still relatively correct, it was just never trading for '20,000' per share at any time. So last time GUSH split, I think it was because the dollar value went down to under $1.00 and they were at risk of losing the listing. So, .90 or whatever became (.90 x 40) = $36 per share and if you owned 40 shares you would receive 1. It basically destroyed the options as well. Instead of 100 shares, it became two shares plus a 'cash settlement'.

[CharlesNet]

I only got in a few weeks ago. How did this go from $20,000 to where it’s at today?

[zc182]

Any thoughts on GUSH to $250?

My old $5 GUSH2 calls dated to Jan 2022 are ITM at $250.

So double once more and then 50%.

[Glider549]

Coming back now.

[CharlesNet]

I don’t see that.

[Glider549]

Now oil is dropping!

[CharlesNet]

For me too. Wish I had more $GUSH but am very happy with what I have.

[Glider549]

My bright spot on an otherwise crappy day.
March 4th

[CharlesNet]

$GUSH what a juggernaut

[dealerschool2006]

It got there, I sold my calls @ 3.00...made some good $$$ on GUSH...

[kiowawarrior]

Nice - it could certainly get there.

[sssss1]

Good stuff man, was looking to get back in last night, may have missed the boat in this one. Might jump in on the next dip.

[dealerschool2006]

I'm back in GUSH!!! Just bot 13 Feb calls @ 2.00 for $56 strike price...I'll say $48.81 or so was the pps...a couple days ago @ same pps $60 strikes were going for 2.00...I got a real deal!!! I'm hoping GUSH gets back to $56 or higher within 2 weeks...it should oil went up more, so oil producers should catch up with that soon...

[Jeremyphilip]

I like BMIX

[db101]

Another split on the way...

[db101]

GUSH is a BUY...

[dealerschool2006]

I bot GUSH yesterday, sold DRIP for a loss...I was flabergasted at how markets reacted last Monday...we'll see what the cycle brings us...this is a good read about trading GUSH and DRIP click the live links, really cool...https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159507642

[Rudy Gobert]

loading up on $GUSH

[dealerschool2006]

GUSH maybe going down from end of year tax loss sell off...DRIP is the way to go so far, AND gaps need to fill for many companies from 03/24...then once producers rebound GUSH will be the way to go!!!

[DubDown]

This board is dead dead. This thing going to bounce back after the election?!?!

[Dragonfart]

How much lower can she go?

[db101]

GUSH has a 9.78% dividend...

[Mic ll]

It won’t take much for this to run

[Mic ll]

It’s a beautiful thing.

[pmunch]

She’s running up !!!

[Mic ll]

I reloaded

[bigboard]

shorts this FRAUD !!! tomorrow 30

[MeatballExpress]

Oh yea? So where were you before 2 days ago?? Funny how guys like you seem to come out of the woodwork after an ‘implosion.’

[bigboard]

This scam has imploded...today 30-35
By next week 20
when they drop you lose a lot
These ETF's are ugly when tanking starts

[OTC_Buyer]

Maybe $42-ish .... I don’t think we will get $30s ... but if we do then hopefully by then my other play has finished so I can buy more here

[bigboard]

PUMP n DUMP heading back to 30 range - short all you can

[Mic ll]

Good flipper

[zc182]

Explanation of the old GUSH options after the split.

Document from the clearinghouse.
https://drive.google.com/file/d/1x4MK6Y3tuhJlRNrMJZo9J53DcuDm3WAR/view?usp=sharing

Options are called GUSH2 from the old one...

They are worth 2 shares of the new GUSH instead of the normal 100 shares. Plus a very small sum of cash in lieu.

With the new multiplier for example (I called OCC to confirm this)

A $5 GUSH2 call is in the money at $240 share price. So you can calculate when your old contracts are in the money based on that number.

Another 50% gain and my GUSH2 $2.00 calls will be in the money.

[db101]

I say buy...

[Bcbrasseur]

New member to this board and I have a question:
Can somebody fill me in or provide some resources as to why Josh took the largest hit maybe of everyone in the market that didn’t go bankrupt? Did they end up doing a split because their stock to appear to have crashed or is this the exact same number of shares that were outstanding pre crash as well? I’ll read over the eight and 10k’s in a little bit over the next week when I have some more time but I figured most of the users in the other forms that I’ve been on here for a while and usually summarize all the excitement a lot quicker than the digging. Not to say I won’t end up doing the digging myself before I invest but I’m just looking for a good summation of if people actually think this whether clear 1000 again

[OTC_Buyer]

Nice jump up today ... wonder what moved it?

[ebnypnaple]

thank you...i'll just grab a couple...nothing major...

[TraderRich]

On March 10 GUSH did a 1 for 40 RS, fyi...

https://screener.fidelity.com/ftgw/etf/goto/snapshot/newsStory.jhtml?symbol=GUSH&storyid=202003101650PR_NEWS_USPR_____NY46464

[ebnypnaple]

Geez...thank you...I'll be buying Monday...hope everyone can recoup their losses...

[OTC_Buyer]

It’s correct

[ebnypnaple]

I'm a bottom dweller; hang out in penny land, but someone alerted me to this stock solely on the 52wk high...is that a correct number (3040.00) or is there a calculation glitch? Thanx in advance.

[JohnCM]

NRGU will payoff in June.

[Sgreg]

UGA is also a good one. Bought a ton at 11 weeks ago. Its the largest position I have in my portfolio. It will be 24 again before eoy. Miniscule decay also. Can actually be held on to for awhile without getting eaten up. It isn't as cheap as it was but it is still a very good price IMO. My 3 energy plays are UGA CPE and GUSH.

[Sgreg]

Looks like its going to be a good morning.

[OTC_Buyer]

I need to keep an eye on this ... might get some Calls for Jan 2022 $60 strike hmmmmm