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SOXL

Direxion Daily Semiconductor Bull 3XClose $231.42EOD only
Max Pain
$250.00
Next expiry Jun 26, 2026
Expected Move
±$43.33
18.7% from close
Price Gap
+18.58
Distance to max pain
IV Rank
59
Middle-high premium
P/C OI
1.45
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Jun 23, 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 23, 2026 close
SOXL Flow Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBearish
Confirmation: Heavy put volumes and negative gamma below $200 sustain downside pressure.
Invalidation: Spot reclaims $210 or gamma flip above $200.
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 4.3% from MP; +0.5 VIX 19

Watch next session: $172 put; $195 put; gamma flip $200

Flow Summary

Net premium: +$184.8M bullish

P/C volume ratio: 1.63

P/C OI ratio: 1.56

Bearish flow with heavy puts and negative gamma. Spot below MP near $172-$195. High put/call ratios confirm selling pressure. High VIX amplifies risk.

Notable Prints

#1
SOXL 2026-06-26 $227.50 Call
Vol: 655
OI: 128
Vol/OI: 5.1x
IV: 339.5%
Notional: ~$1.6M
Intent: Bullish speculation
Dual read: Hedging against short position

Read-through: High volume adds upside pressure

#2
SOXL 2026-06-26 $172.00 Put
Vol: 1,190
OI: 322
Vol/OI: 3.7x
IV: 261.2%
Notional: ~$470K
Intent: Bearish hedging
Dual read: Put selling for premium

Read-through: Large put volume signals downside fear

#3
SOXL 2026-06-26 $172.50 Put
Vol: 1,036
OI: 283
Vol/OI: 3.7x
IV: 253.2%
Notional: ~$330K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
SOXL 2026-06-26 $295.00 Call
Vol: 1,623
OI: 484
Vol/OI: 3.4x
IV: 223.7%
Notional: ~$451K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
SOXL 2026-07-17 $195.00 Put
Vol: 1,094
OI: 327
Vol/OI: 3.4x
IV: 172.6%
Notional: ~$3.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 6/26 calls at 227.5, 222.5, 232.5, 295, 240, 255; 7/2 calls at 240, 255

Put additions: 6/26 puts at 172, 172.5, 147; 7/17 put at 195

GEX/DEX consistency: GEX -$6.4M vs DEX +28.1M inconsistent; mixed dealer risk.

OI clusters: Put OI concentrated ~172-195; call OI spread 222.5-295

Hedging evidence: Puts at 172-195 hedge downside; gamma flip at 200.

Max pain context: Spot 4.3% below MP; pinning upward expected.

Signal vs Noise

~High vol/oi call buys at 227.5, 295, 240, 255 are bullish signal.
~Put buys at 172-195 are bearish signal; contradictory GEX/DEX is noise.

Key Conclusions

🟢Aggressive call buying above $220 signals bullish bets.
🔴Put wall at $172-195 suggests downside protection.
🟡Negative GEX and positive DEX create uncertain dealer positioning.
How to Use These Reports
This flow reflects the market close on June 24, 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.