US OptionsDetailed Quotes
UTSL241018P44000
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15min DelayClose Oct 3 09:30 ET
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0.00Open0.00Pre Close0 Volume0 Open Interest44.00Strike Price0.00Turnover0.00%IV-7.32%PremiumOct 18, 2024Expiry Date3.00Intrinsic Value100Multiplier14DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma--Leverage Ratio--Theta--Rho--Eff Leverage--Vega
Direxion Daily Utilities Bull 3X Shares Stock Discussion
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ my post here tend to be less and less because we're approaching the Target price that I originally anticipated last year at a much more rapid rate. and the acceleration of the appreciation of the utilities is not just because of the anticipation of further rate cuts but rather they have become an AI play and a growth story rather than just a dividend investment.
$44-46 is where I see this basket peaking. I understand there's all the enthusiasm...
$44-46 is where I see this basket peaking. I understand there's all the enthusiasm...
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ started a position today
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ I posted earlier that the maximum upside that I see with this basket going out of year is $44 and moments ago we had a job's number and you have all this data that comes in and you have the expectations from the futures Market where they foresee interest rates being 12 months in advance.
the expectations right now for 12 months from today or 240 basis points cut. this is why I'm saying that this stock basket ETF will not go back to its old high...
the expectations right now for 12 months from today or 240 basis points cut. this is why I'm saying that this stock basket ETF will not go back to its old high...
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ the past few days all of these bobbleheads on TV all these self-proclaimed expert money managers that have a nice tan and wear their $2,000 suits are saying it's time to buy high yielding companies like utilities.
REALLY..
if you look back at my posts I was buying when nobody wanted them earlier this year they're up over 100% at this point using this ETF.
this proves these people on TV and you can put cramer at the top of the list, they're us...
REALLY..
if you look back at my posts I was buying when nobody wanted them earlier this year they're up over 100% at this point using this ETF.
this proves these people on TV and you can put cramer at the top of the list, they're us...
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ take a look at the chart below do you see that yellow line
that's where we are going $46.00
and when revenues begin to accelerate in these boring utility stocks because of rate increases as a direct result of the build-outs that are going to be required for the data centers which need enormous amounts of electricity we could see north of $50 in 2 years.
that's where we are going $46.00
and when revenues begin to accelerate in these boring utility stocks because of rate increases as a direct result of the build-outs that are going to be required for the data centers which need enormous amounts of electricity we could see north of $50 in 2 years.
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$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ for those that own this ETF and you might be a little bit unnerved by the past 2 days where we haven't gapped up like we were doing for the past two weeks never fear because the story of the consumption for data centers and the overall demand for electricity has now made it to every newspaper every station and every analyst is saying you need to own the utilities Goldman Sachs said that the consumption is going to increase at a rate of at least ...
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10baggerbamm OP : as a follow-up I just want to show you what you potentially can get by selling covered calls and you would be able to do this with this ETF twice a month.
so this ETF is priced out at about $41 a share if you sell in October 18th 42 call the spread is quite large so you should be able to place a limit order at a 1.0-1.25 the spread and get filled. so every contract is 100 shares 10 contracts is a thousand shares so make sure you sell the appropriate amount relative to your position.
let's suppose you're able to do this twice a month and you're able to capture at least a dollar each time.
you've made $2 a month if you're able to do this strategically where you're raising the price of the calls you are selling high enough that you're not going to be getting called away and there is a risk to that obviously
in 3 months you've made $6 that's a significant percent relative to the price of the underlying ETF basket.
so if you choose to hold this basket it's your decision it's your money after all. there will become a point where the basket stops appreciating and begins to trade flat and then gradually roll over. I'm sure you've observed this first hand with many stocks and that is your cautionary warning that you need to exit stage left.