thetaOwl
HomeOptionsSOXLReports

SOXL

Direxion Daily Semiconductor Bull 3XClose $201.68EOD only
Max Pain
$207.50
Next expiry Jun 12, 2026
Expected Move
±$33.35
16.5% from close
Price Gap
+5.82
Distance to max pain
IV Rank
61
High premium
P/C OI
1.47
Slightly put-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 9, 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 9, 2026 close
SOXL Theta Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness3 / 10
Sizing: Conservative
Primary: Defensive
Invalidation: Spot breaks key support at $170 or resistance at $200
Confidence:
3 / 10
base 5; -1 GEX/flow contradict; -1 spot 9.7% from MP

IV Environment

IV Regime
High
IV vs VIX
Avg IV 177% vs VIX 22 – extreme premium
Favorable?
No

Term structure: Contango with bearish skew; short-dated put IV > call by 100%+

⚡Front-month ATM IV 214%, put skew extreme at 331%
📉Negative GEX -$6M amplifies downside risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-6.0M)

Gamma flip: ~$170.00 — Approx — based on put OI concentration of 5,618 (5.9% below spot)

OI concentrations: Max pain: $200 (6/12), $165 (6/18), $185 (6/26); heavy put OI at $170 (5.9% below spot)

Verdict: Concentrated put OI and multiple pin levels within range – elevated pin risk

Premium Opportunities

#1
Call calendar
Sell 2026-07-10 $180.00 call / buy 2026-09-18 $180.00 call
Sell 2026-07-10 $180 call, buy 2026-09-18 $180 call
Debit: $21.08-$25.77
Max loss: $25.77
BE: Path-dependent
Mgmt: Monitor IV spread; exit if spread narrows or spot nears $170

Risk Alerts

!High vol and negative GEX increase tail risk.
!Be cautious around front-month expiration.
How to Use These Reports
This theta reflects the market close on June 10, 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.