$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...

$Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$ on a weekly chart right now this basket is in no man's land.. Wednesday after the Bell is as they say A tale of two cities.. Thursday morning we will see a move towards $52 or we will see a sell off down to $39. that being said for Friday's options there's going to be quite a bit of premium available should you wish to sell a covered call as a hedge today if you are long the ETF or you could buy a put as a hedge against your long position.