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SOXL

Direxion Daily Semiconductor Bull 3XClose $178.39EOD only
Max Pain
$149.00
Next expiry May 22, 2026
Expected Move
±$11.18
6.3% from close
Price Gap
-29.39
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
1.44
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 21, 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
May 21, 2026 close
SOXL Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Theta strategies
Invalidation: Spot closes below $150
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 27.0% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV significantly above VIX
Favorable?
No

Term structure: 0 DTE put IV extreme (546.4); steep contango to 7d then decline

⚠️Avg IV 160% vs VIX 17 – high premium but high vol regime
📌Pinning at $150/$140; spot far above, directional risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+19.2M)

Gamma flip: ~$135.00 — Approx — based on put OI concentration of 4,329 (29.2% below spot)

OI concentrations: High OI at $150 (today), $140 (weekly); put OI 4,329 at gamma flip $135 (29.2% below spot)

Verdict: Moderate pin risk; dealer long gamma may push spot toward $140-$150

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $160.00/$125.00 put spread
Sell OTM put spread to capture premium with capped downside; benefits from high IV.
Credit: $7.94-$9.71
Max loss: $25.29
BE: $150.29
Mgmt: Monitor invalidation level at $170.16; consider closing if spot approaches.

Risk Alerts

!High vol regime increases tail risk
!Spot 27% above max pain could drift lower
!Elevated put premiums indicate hedging demand
How to Use These Reports
This theta reflects the market close on May 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.