Replies to post #52 on Direxion Daily S&P Oil & Gas Exploration & Product (GUSH)

[Sgreg]

I don't know about holding it till September. I'm probably selling when XOP is back in low $30s. Oil does have a yearly pattern though. Usually buy in March and sell in May then buy in early summer and sell in late summer but it isn't exactly like that. It varies some year to year. Like last year it bottomed in December which is not typical. News, headlines, inventory data, and most importantly charts I use. O and the news and headlines are best used to do opposite.

[Sgreg]

The decay of GUSH is roughly 3% a month by my rough calculations. For instance it is roughly 18-20% lower then about 6 months ago when XOP was at current price level. A few weeks in this and the decay isn't a big deal but start to hold for months and it eats away.