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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
87
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 Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short strangles
Invalidation: Spot breach of $170 or IV drop below 150%
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 17.3% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV at 189% vs VIX 17.68 — extreme premium
Favorable?
Yes

Term structure: ATM IV spikes at 0 DTE, then stabilizes ~170-178%, gradually declining to 154% by Jan'27

🔥IV 10x+ VIX, extreme premium
📌Pinning gamma — put OI at $170 (27.6% below spot)

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+10.7M)

Gamma flip: ~$170.00 — Approx — based on put OI concentration of 5,582 (27.6% below spot)

OI concentrations: Put OI 5,582 at $170; call wall $250-$250; put floor $120-$200

Verdict: Moderate pinning risk, put floor at $170 supports

Premium Opportunities

#1
Short strangle
Sell 2026-07-10 $170.00 put + sell $250.00 call
Sell $170 put and $250 call to profit from time decay and IV contraction.
Credit: $51.14-$62.51
Max loss: Unlimited
BE: 107.49 / 312.51
Mgmt: Close at 50% max gain or if spot nears $170 or $250.
#2
Put credit spread
Sell 2026-07-10 $170.00/$165.00 put spread
Sell $170/$165 put spread to collect premium with capped downside.
Credit: $1.62-$1.98
Max loss: $3.02
BE: $168.02
Mgmt: Exit at 50% max gain or if spot drops below $167.85.
#3
Iron condor
Sell 2026-07-17 $168.00/$167.00 put wing and $250.00/$255.00 call wing
Sell tight wings to profit from range-bound movement.
Credit: $2.41-$2.94
Max loss: $2.06
BE: 165.06 / 252.94
Mgmt: Close early if liquidity improves; otherwise avoid. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; long_put: Open interest below 25.

Risk Alerts

!Spot far above max pain $200 — reversion risk
!Put/call volume ratio 1.9 — bearish flow
How to Use These Reports
This theta reflects the market close on June 12, 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.