Kicking Off a Fresh Trading Week

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (ETF) GUSH

On Wednesday morning, we tagged GUSH for observation, and after just a few sessions , it came up off Wednesday’s low at 20.37 fairly convincingly.

On Thursday, this fund ran to a new high of 29.25, which marked a two-session upswing totaling a relatively modest yet respectable 44% increase. We will continue to monitor GUSH, which was a $500/share fund just six weeks ago.

Levi Strauss & Co. LEVI – Options Update 

We signaled a range of LEVI calls last week, also on Wednesday, in the LEVI 04/17 $12-13 Calls, and saw some solid gains from those ideas in the final two days of the short week. Both contract sets experienced multi-bag gains as follows:

LEVI 04/17 $12-13 Calls
$12:.80-2.55 (+150%)
$13: .30-1.70 (+283%)

These plays expire on Friday, so we’ll leave them on the radar to see what they have in store for this fresh trading week.

Fresh Options Ideas:
SRC 05/15 $35-40 Calls
GILD Weekly $74.50-76 Calls