Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares Stock Discussion

• BIG_TURRET : I bought 1% of that amount

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• 10baggerbamm OP BIG_TURRET : it doesn't matter it's do you believe Trump is going to make America energy independent and if he does what would happen to the price of the barrel of oil well logic says it would go down and this ETF goes what direction when oil goes down the answer is it goes up. there's no earnings to worry about there's no upgrades or downgrades it's do you believe Trump will do what he said that in the first year he's going to reduce the price of oil by 40%, that's what he said

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• 10baggerbamm OP BIG_TURRET : something else for everybody if you don't have the capital to commit to this position they have options and you can go out to January 2027 that's plenty of time and you can buy a 15 call option there's a huge spread but you can put a limit order in when it opens 10 15 20 cents above the bid and just leave it there and it may take more than one day to get your order filled it may take two or three or four days but there is a huge upside in my opinion and if you just have a limited amount of money or you're willing to take on the risk of an option contract you need to give serious consideration to buying a call option and go out to January 26th and I think you've got an enormous upside I think you're a 10x +++return

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• 151277905 (Stozzie) : Got side-tracked but finally I'm in

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• 10baggerbamm OP 151277905 (Stozzie) : this is something that you can build a position in overtime because the movements not happening overnight and the biggest movement is not going to happen until Trump gets in office so on weakness you can nibble at it because it's real simple do you believe Trump will make the United States energy independent again it's a yes or no question it's binary and if your answer is yes that means oil prices will fall because he's going to drill baby drill it's that simple and if you can answer yes to that question then you buy this ETF or you buy the call option if you want to buy a different strike price or time frame that's up to you but I'm going to be going out to January 26th and I'm going to be buying some options and I'll have my orders in a limit order today and I may or may not get filled I don't know but I believe the future for oil is much lower prices under a trump administration significantly lower he said 40% the first year that puts his ETF well over $20

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• 151277905 (Stozzie) : I think I might join you

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• 10baggerbamm OP 151277905 (Stozzie) : I don't understand the pin action movement today other than Trump's not in office he can't do anything I believe and this is just knowing how evil Biden Harris and more importantly the deep state is. that they're going to run through as much legislation within the department of environmental areas fish and game you name it they're going to run everything through right now to make it as difficult if not impossible for him to enact drilling on Federal Land the use of federal and for anything. I'd be willing to bet any amount of money they're going to do this they're not going to talk about it on the news it won't be on any station they're just going to be via executive order putting paperwork in front of Biden and have them put his name in and add as many roadblocks to everything that Trump wants to do between now and when he takes office. but Trump will be victorious and I believe that this is the safest way to participate and make a lot of money because his whole agenda was drill baby drill and this is it the lower oil prices go the higher this ETF goes it's 100% 2x correlated

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• 151277905 (Stozzie) : Too right. The US (Trump) wants energy independence and oil and possibly nuclear will be fast tracked. Let's face it, who doesn't want cheap gas

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• Imatt007 : I’ve been trying to get options at .10 and no nibbles yet

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• 10baggerbamm OP Imatt007 : it's really difficult when you're outside of the market to have an order filled you literally need somebody to sell out or close a position and they see your bid and you get hit. you may need to move in between the spread the bid an offer in order to get filled and I know the spreads can be pretty large when you're out of the money on the etf

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• BIG_TURRET : I thought you said yesterday that GUSH was if Trump won?

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• 10baggerbamm OP BIG_TURRET : no gush is when oil prices go up gush is a harris agenda where they would limit oil production and the price of oil goes up the big oil companies benefit.
  drip is when oil prices will fall so if you believe Trump will be effective in lowering oil prices and he only said it a few hundred times drill baby drill when he was in office prices were in the low 40s they got into the 30s it actually went negative too during his administration it was negative 27 $28 a barrel but that's not going to repeat itself obviously.
  lowering oil prices benefits this ETF so we're 70 some odd dollars right now a 25 to $30 drop in the price per barrel is what Trump pledged he's going to do and that means this ETF is going One direction. it may be volatile between now and he takes office that's why I'm saying nibble I bought 5,000 shares I'm going to have 50,000 shares. and the reason is I don't know what Iran's going to do with Israel I don't know what's going to happen on the global stage between now and January but you need to look at the bigger picture not just the bumps in the road and right in front of your feet. so it's possible this could go down 50 cents or a dollar I don't know I'm going to buy more because Trump is elected he will be sworn in and then he's going to lower fuel prices he's going to via executive order eliminate all the roadblocks at the Democrats have put in place with Anwar we are not going to be buying from Venezuela and whatever deals have been done by the Biden Harris administration they're going to get ripped up and we're not going to be buying from OPEC we are going to be a net exporter again.

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• BIG_TURRET : Sorry I misread it.

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• 10baggerbamm OP : I was expecting because of the impending attack from Iran in retaliation to Israel that oil prices would go up today and you can see the range throughout the day I was just over $9 but immediately reverse because now the concern is the US economy is going to head into a recession because chairman Powell he is acting far too slow to cut interest rates so oil fell and that brought this basket higher.. so right now I would tell you to hold off and not buy it because the original trade was going to be if Trump wins you buy drip because he'll drill frack and the price of oil in the United States per barrel will drop probably to the low 50s high 40s and this basket the ETF would go in my opinion between 18 and $21.. but right now the market in the US is a complete disaster so I would tell you just to hold off from here because there's other variables affecting the price of oil right now and that's not why I was looking into this ETF and why I have traded it in the past I was looking strictly primarily for trade depending upon who wins the presidency

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• Salmon Klein : but this is against an oil price increase, right? so somehow make sense? or what I am missing?

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• 10baggerbamm OP Salmon Klein : yeah I had somebody email me and I'm like you got to stay away from it you don't want to buy it now this was bought for a presidential election trade if you look when I originally started talking about it it was $7.80 and it's traded up to wherever it is right now as of this message. you have the potential for a massive escalation and I know we already went through I ran attacking with drones is real earlier but this one potentially could be much greater according to what the warnings are that are coming out that started this week and it is like 24 to 48 hours they're saying before they retaliate they're pretty good at you know going after the Jews on the Sabbath so maybe tonight right. that potential should have sent oil prices up pretty dramatically like $85.84 instead we're dropping why are we dropping because the fear of a recession is very real when that happens people tighten their belts they don't travel they don't fly they don't take vacations everything slows down so if you think about you don't go to a restaurant used to go every week now maybe you only go twice a month the amount of food that's getting shipped there is not as in much demand so less 18 wheelers on the road everything trickles down so that's literally what's happening is they're saying oh we going to recession oil prices people aren't going to consume gas as much prices go down that's why you see the drop and gasoline prices and that's why this is spiking this basket here drip. so I think it's pretty risky to try to play this right now I posted yesterday you know if we were to dip at 9:00 or below 9:00 I was going to nibble it came close to 9:00 I missed it if you bought it I would sell it right now to be honest I take your dollar and change profit and run because if there is something with Iran Israel tonight that is really bad or this weekend oil prices will most definitely Spike

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