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

[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.