Home Options SOXLReports

SOXL

Direxion Daily Semiconductor Bull 3XClose $234.68EOD only

Max Pain

$170.00

Next expiry Jun 18, 2026

Expected Move

±$43.25

18.4% from close

Price Gap

-64.68

Distance to max pain

IV Rank

High premium

P/C OI

1.57

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects SOXL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

SOXL Directional Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from June 11, 2026. A newer directional report is available for June 12, 2026.

View latest report

Outlook

Bullish bias as dealer gamma positive and spot above $200 max pain, but high vol and mixed flow limit upside. Thesis holds for event expirations through 6/26.

Confidence:

7.5 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; -1 spot 12% from MP; +0.5 VIX 19. Score 7.5 reflects dealer support vs vol risk.

Supports: Dealer gamma positive, spot above max pain, bullish DX, high vol often precedes moves.
Conflicts: Mixed flow, high vol can indicate topping, spot far from gamma flip ~$170.

📈Dealer positioning strongly bullish: GEX +4.3M, DEX +33.8M shares.

⚠️IV high vs VIX 19; term structure contango; puts rich.

📌Gamma flip ~$170 is distant support; $200 max pain immediate pin.

Regime Classification

Vol Regime

High

IV elevated (regime High), typical for leveraged ETFs; suggests large swings expected.

Gamma Regime

Pinning

GEX +4.3M positive pinning; gamma flip at ~$170 well below spot; near-term $200 max pain.

Flow Regime

Mixed

Mixed net premium; put/call ratio not extreme; buying and selling balanced.

Spot vs Max Pain

Above

Spot above $200 MP for 6/12; 12% above; distance implies resistance at higher levels.

Thesis duration: Event-specific — Expirations on 6/12, 6/18, 6/26 dictate near-term pinning; high vol regime decays post-event.

Price Range Forecast

Next 2 days

$199.19$248.79

Support at EM $199.19, resistance $248.79; pin to $200 likely.

Next 1 week

$171.29$276.69

Range $171.29-$276.69; gamma support holds unless vol crush.

Next 2 weeks

$152.69$295.29

Wider range $152.69-$295.29; gamma flip at $170 key break below.

Key Levels

Max pain pins: $200 (2026-06-12); $165 (2026-06-18); $180 (2026-06-26)

EM guardrails: 2d $199.19/$248.79; 1w $171.29/$276.69

Support: $152.69

Resistance: $295.29

Gamma flip: ~$170.00 — Approx — based on put OI concentration of 5,940 (24.1% below spot)

Structural: Support $152.69, resistance $295.29; gamma flip ~$170; EM 2d $199.19/$248.79, 1w $171.29/$276.69; max pain pins: $200 (6/12), $165 (6/18), $180 (6/26).

Dealer Positioning (GEX/DEX)

GEX: $+4.3M

DEX: +33.8M shares

Gamma flip: ~$170 (Approx — based on put OI concentration of 5,940 (24.1% below spot))

NTM gamma: GEX +4.3M, DEX +33.8M shares; gamma flip at ~$170 based on put OI concentration 24.1% below spot.

IV Analysis

IV vs VIX: IV likely rich vs VIX 19; leveraged ETF structure inflates vol.

Term structure: Contango implied by high vol regime; near-term expiries (6/12, 6/18) elevated.

Skew: Put skew rich; selling puts around gamma flip ~$170 may be optimal.

Flow Analysis

Net premium: Net premium +$222M; P/C vol 1.42, OI 1.56; put-heavy but large call premium.

Directional prints: 208.4 put 196 OTM 2026-06-12 — Vol/OI 5.3x; aggressive put buying; likely bearish hedge. 190.7 call 202.5 ITM 2026-06-12 — Vol/OI 5.2x; heavy call buying; bullish bet. 184.9 put 205 OTM 2026-07-17 — Vol/OI 4.8x; put accumulation; bearish for July.

Unusual: 209 put 197 OTM 2026-06-12 — Vol/OI 4.2x; elevated put volume; bearish flow. 183.4 call 207.5 ITM 2026-06-12 — Vol/OI 4.0x; call sweep; bullish near-term. 181.8 call 200 ITM 2026-07-17 — Vol/OI 4.3x; large call buy; bullish July positioning.

Risks & Catalysts

!Volatility contraction post-expiry could collapse premium.

!Gamma flip at ~$170 if spot drops sharply.

!Resistance at upper range limits cap upside.

!Mixed flow suggests lack of conviction.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-06-26 $207.50/$250.00 call spread Why now: Dealer gamma positive, spot above max pain; flow mixed but bullish lean; spread caps vol risk.	Vol contraction or failure to rally above short strike; max loss limited to premium paid.
Put credit spread	Moderate-Weak	Sell 2026-06-26 $197.00/$172.00 put spread Why now: Put-heavy flow but large call premium; dealer gamma positive; selling puts at support above 200 captures premium with limited tail risk.	Sharp drop below short put strike causes max loss; vol expansion widens spread risk.

Top Plays

Bull Call Spread

Buy 2026-06-26 $207.50/$250.00 call spread

Buy $207.50/$250 call spread for 6/26; captures upside with defined risk.

Why this play: Aligns with bullish bias and dealer gamma positive; caps vol risk and suits mixed flow.

Debit: $16.72-$20.43

Max loss: $20.43

BE: $227.93

Mgmt: Exit at 50% of max gain or if spot breaks below $170.

Traders expecting gradual upside with vol containment.

Put Credit Spread

Sell 2026-06-26 $197.00/$172.00 put spread

Sell $197/$172 put spread for 6/26; profits if SOXL stays above $197.

Why this play: Sells puts at support above $200; collects premium with limited tail risk despite put-heavy flow.

Credit: $8.17-$9.98

Max loss: $15.02

BE: $187.02

Mgmt: Close at 50% profit or if spot approaches $197.

Income-focused traders with bullish outlook but seeking extra yield.

Watchlist Triggers

Entry Triggers

IFSOXL holds above $200 for 1 hour after open → Buy 2026-06-26 $207.50/$250.00 call spread at mid of entry range $16.72-$20.43

IFSOXL dips to $180-$190 zone with support at $180 max pain → Sell 2026-06-26 $197.00/$172.00 put spread for credit near $9.00

Exit Triggers

EXITSOXL breaks below $170 gamma flip level → Close all bullish positions

Tactical Summary

Bullish bias with dealer gamma support above $170. Entry triggers: bull call spread on strength above $200, put credit spread on dips to $180-$190. Exit trigger if spot breaks $170.

How to Use These Reports

This directional reflects the market close on June 11, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.