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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 Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put verticals
Invalidation: Break below $200 or above $300; caution on 0 DTE gamma
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 33.0% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV (avg 201%) extremely high vs VIX 16
Favorable?
Yes

Term structure: 0 DTE extreme skew; subsequent expiries ~175% IV with backwardation

📌Put OI floor $140-$220 supports pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+12.6M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 3,626 (28.4% below spot)

OI concentrations: Put floor $140-$220, Call wall $300, max pain pins $210-$215

Verdict: Pinning risk elevated due to heavy put OI below spot and max pain near $210

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $245.00/$212.50 put spread
Sell put spread at 245/212.5 to collect premium with high IV cushion.
Credit: $10.98-$13.42
Max loss: $19.08
BE: $231.58
Mgmt: Close if spot drops near 200; consider rolling down or early exit at 50% max gain. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.
#2
Iron condor
Sell 2026-07-10 $200.00/$199.00 put wing and $300.00/$302.50 call wing
Sell 200/199 put and 300/302.5 call wings to profit from tight range.
Credit: $1.30-$1.59
Max loss: $0.91
BE: 198.41 / 301.59
Mgmt: Exit if spot nears 200 or 300; adjust wings or close at 50% max gain. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.; long_call: Open interest below 25.
#3
Call credit spread
Sell 2026-07-10 $300.00/$302.50 call spread
Sell 300/302.5 call spread to cap upside, collect small premium.
Credit: $0.90-$1.10
Max loss: $1.40
BE: $301.10
Mgmt: Monitor gamma risk; close if spot rallies above 290 or at 50% max gain. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.

Risk Alerts

!Spot at $278, 33% above max pain $210 — pin risk high
!Gamma flip near $200, break could accelerate downside
How to Use These Reports
This theta reflects the market close on June 18, 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.