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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Conservative
Primary: Premium selling (cautious)
Invalidation: Spot breaks $205 support or IV spikes >200%
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 30.8% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 182% avg vs VIX 17.28 - extremely elevated
Favorable?
Yes

Term structure: Backwardated: near-term IV 188.6% > long-term 151.3%

⚠️High IV and backwardation favor premium selling, but vol regime high adds risk
📊Put-heavy flow (vol ratio 2.73) with positive dealer gamma ($4.9M GEX) supports pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+4.9M)

OI concentrations: Call wall $425; put floor $160-$200; max pain $230 (6/26), $220 (7/2), $198 (7/10)

Verdict: Pinning likely near max pain strikes; spot far above ($378) suggests downside risk to MP

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $320.00/$325.00 call spread
Sell 320/325 call spread; profits if SOXL declines or stays below 320.
Credit: $1.82-$2.23
Max loss: $2.77
BE: $322.23
Mgmt: Monitor invalidation 396; exit at 50% gain or if spot breaks support.
#2
Iron condor
Sell 2026-07-17 $280.00/$275.00 put wing and $320.00/$325.00 call wing
Combines put and call credit spreads for maximum premium capture.
Credit: $4.43-$5.42
Max loss: $0.00
BE: 274.58 / 325.42
Mgmt: Adjust if spot approaches wings; target 50% of max gain.
#3
Put credit spread
Sell 2026-07-17 $280.00/$275.00 put spread
Sell 280/275 put spread; bullish on SOXL holding support.
Credit: $2.61-$3.19
Max loss: $1.81
BE: $276.81
Mgmt: Invalidation at 205; roll or close if IV spikes.

Risk Alerts

!High IV regime (vol: High) increases risk of sharp moves
!Spot 30.8% above max pain - potential mean reversion
!Put/call OI ratio 1.34 indicates hedging demand
How to Use These Reports
This theta reflects the market close on June 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.