My DS was in this same situation before we switched schools, but math was more of the problem, as his teacher let all the kids read at their own levels. Here are some random thoughts....
Does your school have a GT coordinator? If yes, maybe you can enlist his/her help for ideas. You wouldn't have to reinvent the wheel if they've already used some strategies in the past.
Again, if there's a GT teacher, can your DD be pulled out for individual instruction at the designated reading time? There may be similar kids in other classes who could also join this pullout.
Does your DD have test scores showing what level reader she is? Is there any chance that there is a higher grade that has reading at the same time, and she could go to that class for reading?
If it seems like your DD will need to remain in the classroom, maybe you can ask that she can be excused from the normal reading materials and be given her own group. I wouldn't want her to be completely on her own - I recommend asking that the teacher spend time with her and the skills she's ready to work on.
ETA - I think the teacher being new can work in your favor. Most newer teachers have probably had some recent instruction on differentiation, and also newer teachers may be more open to your suggestions.
Last edited by st pauli girl; 02/25/12 04:09 PM.