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SOXL

Direxion Daily Semiconductor Bull 3XClose $279.29EOD only

Max Pain

$215.00

Next expiry Jun 26, 2026

Expected Move

±$58.30

20.9% from close

Price Gap

-64.29

Distance to max pain

IV Rank

100

High premium

P/C OI

1.52

Slightly put-heavy

Consensus

5.5/10

Consensus signal

Published snapshot: Jun 18, 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 18, 2026 close

SOXL Directional Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias: positive dealer gamma & VIX support, but high vol & MP distance cap upside. 1w range drift up.

Confidence:

8 / 10

Base 5 +2 GEX/flow aligned +1 pinning -1 spot/MP +1 VIX net 8.

Supports: Dealer gamma +$4.9M, VIX 17
Conflicts: Spot 30.8% > MP, high vol, mixed flow

📈Gamma pinning $230

⚠️Spot far above MP

Regime Classification

Vol Regime

High

High IV vs typical, sector amplified

Gamma Regime

Pinning

Pinning regime, positive GEX but spot above MP

Flow Regime

Mixed

Mixed - balanced P/C

Spot vs Max Pain

Above

Spot above MP, bullish momentum but mean reversion risk

Thesis duration: Multi-week — Range 1-2 weeks with multiple expiries

Price Range Forecast

Next 1 week

$224.77$376.77

Support $224.77, resist $376.77

Next 2 weeks

$205.29$396.24

Range $205.29-$396.24

Key Levels

Max pain pins: $230 (2026-06-26); $220 (2026-07-02); $198 (2026-07-10)

EM guardrails: 1w $224.77/$376.77

Support: $205.29

Resistance: $396.24

Structural: S:205.29 R:396.24, pins $230/$220/$198, guardrails $224.77/$376.77

Dealer Positioning (GEX/DEX)

GEX: $+4.9M

DEX: +31.0M shares

Gamma flip: N/A

NTM gamma: GEX +$4.9M, no flip, supports upside

IV Analysis

IV vs VIX: IV high vs VIX; premium selling attractive

Term structure: Backwardated near expiry, elevated near-term

Skew: Consider call spreads due to bullish skew

Flow Analysis

Net premium: Net call premium $213M but put volume ratio 2.73 signals heavy put activity, bearish sentiment.

Directional prints: 212.4 put 250 OTM 2026-06-26 — ATM put vol/OI 4.1, heavy put buying for downside; preferred bearish. 185.9 call 295 ITM 2026-06-26 — OTM call vol/OI 4.0, bullish call buying; preferred bullish. 192.3 put 300 OTM 2026-06-26 — ITM put vol/OI 5.8, institutional hedging; preferred bearish.

Unusual: 322.3 put 132 OTM 2026-06-26 — Deep OTM put vol/OI 3.0, tail hedging; cheap. 229.8 put 215 OTM 2026-06-26 — OTM put vol/OI 2.8, downside protection buying. 291.6 put 151 OTM 2026-06-26 — Deep OTM put vol/OI 2.8, speculative hedge.

Risks & Catalysts

!Leverage decay

!Sector reversal

!MP mean reversion

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Call calendar	Moderate-Weak	Sell 2026-08-21 $420.00 call / buy 2026-09-18 $420.00 call Why now: Bullish bias over 1-2 weeks, but high vol and bearish flow suggest defined-risk directional tilt using diagonal for vega and theta advantage.	If underlying drops sharply, diagonal loses; short call may cap upside if rally exceeds short strike early. Liquidity constraints: short_call: Open interest below 25.; long_call: Open interest below 25.
Long call	Moderate-Weak	Buy 2026-07-10 $325.00 call Why now: High IV makes long premium expensive but directional conviction supports.	Time decay and high premium cost; needs strong upward move.
Call diagonal	Moderate-Weak	Sell 2026-07-10 $390.00 call / buy 2026-07-31 $355.00 call Why now: Short call horizon high vol, back-month vol lower; net debit with positive carry.	Loss if stock drops sharply; short leg assignment risk. Liquidity constraints: long_call: Open interest below 25.
Put credit spread	Moderate-Weak	Sell 2026-07-10 $265.00/$230.00 put spread Why now: High put premium attractive; defined risk limits downside.	Loss if stock falls below short put strike. Liquidity constraints: short_put: Open interest below 25.

Top Plays

Long Call

Buy 2026-07-10 $325.00 call

Direct upside exposure with unlimited gain potential.

Why this play: Aligns with bullish bias and liquidity pass, despite high IV.

Debit: $33.77-$41.28

Max loss: $41.28

BE: $366.28

Mgmt: Set stop loss at invalidation level 205.29; consider rolling if thesis changes.

Aggressive traders with directional conviction and risk tolerance.

Put Credit Spread

Sell 2026-07-10 $265.00/$230.00 put spread

Bullish defined-risk play selling put spread to collect premium.

Why this play: Captures high put premium from bearish flow with defined risk.

Credit: $11.29-$13.80

Max loss: $21.20

BE: $251.20

Mgmt: Manage if SOXL approaches short strike; close at 50% max gain. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.

Traders seeking income with limited downside.

Call Diagonal

Sell 2026-07-10 $390.00 call / buy 2026-07-31 $355.00 call

Net debit diagonal with positive carry, expressing near-term bullish view.

Why this play: Defined-risk directional tilt benefiting from vol term structure.

Debit: $27.20-$33.25

Max loss: $33.25

BE: Path-dependent

Mgmt: Monitor vol; roll short call if risk of assignment. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.

Traders wanting theta advantage with capped loss.

Watchlist Triggers

Entry Triggers

IFSOXL holds above 205.29 support → Buy 2026-07-10 $325 call for 33.77-41.28

Adjustment Triggers

ADJSOXL reaches 396.24 resistance → Take partial profits on long call

Exit Triggers

EXITSOXL breaks below 205.29 invalidation → Exit long call

Tactical Summary

Bullish bias with support 205.29, resistance 396.24. High vol favors defined-risk entry via long call. Invalidation below 205.29.

How to Use These Reports

This directional reflects the market close on June 22, 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.