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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)

NYSE
Currency in USD
Disclaimer
8.855
-0.175(-1.94%)
Closed
After Hours
8.860+0.005(+0.056%)

DRIP Comments

DRIP $10.33 -2.64% @ Close!
easy short
Also, does it move opposite to oil/gas prices or the stock of oil and gas companies?
Its inverse/bear fund to oil and gas
opposite to xop
Is there any chance drip fall to zero? Does it expire? I would like to buy since oil may not go high forever.
Won't go to zero only reverse split
Your fund will evaporate into nothing through a series of Reverse splits
DRIP $24.33 @ Close! $bpener @ 61.91% column of 0
DRIP $23.96 @ Friday Close!
$Bpener falls 19 to 80.95%.
DRIP $23.84 @ Close! (1:10 reverse split)
why is oil down on the day and this down on the day?
This is a leveraged ETF full of oil/nat gas producers along with refiners now. It used to be just producers. Now you have to forecast not just oil, but the nat gas part. Then the refiners and impact of oil’s price relative to unleaded gas (crack spread). Look at the prospectus, or the top 10 holdings.
Long drip from 3.1 today
Time to buy leap calls in SCO or DRIP at the money. Drip $3call JAN2023 $1 with delta .65. Sco $5call OCT2022 $1.70 with delta .67
What will happen to my calls on a reverse split??
Not sure. Maybe a new series will be created? Your broker would probably be the best resource.
After a 1-for-10 split that would change to having sold 1 contract of the $50 call. Ticker symbols would change but the expiration date remains the same as does the premium initially collected. When the numbers don’t break down as perfectly as these, it is much more complicated.
Quite an interesting circumstance in XOP while its sitting quite close to its 52w high status of $BPENER is bear confirmed. I am jumping back in
2/3 closed on friday final 1/3 closed here. XOP 50/100dma acting as support for now.
$bpener status bull correction. still long drip short cl. this could get fun.
here we go! long from 3.6 now $4 will ride till EOD and take profits. this probably has a long way to run but F it I like profits. DRIP it took me 2 years but i finally understand how to use you. THANK YOU!! @jeff B
... give’m heck Dizz!
 haha thanks jeff. you've done anybody who has been willing to listen to you and take the time to learn an enormous service.
Load the boat!!! $bpener at 100%!
Good eye Dizz!!!!
I've been playing with this for months when it should go up it goes down when it goes up it should go down. this is an In-N-Out position sit on a long-term you're losing.
It’s pretty tough. You have to watch VLO (refiner) and the energy bullish % $BPENER for buys, then start legging out as the $BPENER reverses. Key is to not average down and bury yourself.
Look at this OIL and ELERGY is up big and  DRIP is up when it should be down. I think this is the big guys starting to load up short positions !!! LETS PRAY I AM RIGHT
Think it will ever break $5 this month?
What can we expect today. 2500 shares at 4.59
As correction start it will shine need patience
im actually buying and holding but its not long term hold like more than 6 months . Buying during this season and selling no latter than feb . Crude going to drop a little
it's due to go up but look at historical not usually more than 3 positive days. if up today im going to trade out.
can you buy and hold this or is it only for day trading?
It's OK for swing, but not really the best for longer-term.  Like any of the leveraged equity etf's that utilize options, some of the performance really depends on the entry day/time and implied volatility that the manager may be buying/selling.  I went long on  10/21/21 as a partial hedge t some domestic producers.  Here's how the DRIP has performed vs the XOP.  While XOP -1.79%, DRIP up just +0.80%, so you can see some of the lag with roughly 1-month.  I put the trade on based on the reversal of the $BPENER from 100%.  https://invst.ly/wn4km
you guys think this will hold and trend up above 4.50 i been buying at mid high 4$ and selling at low 5$ but it should go higher soon once oil production ramps up
I thought we’d see $4.75 low, then back into $6 on some oil/nat gas profit taking. Just so bullish still.
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DRIP $4.98 +4.40% @ Close! $BPENER reverses from 100% to 90.47%.
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