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SOXL

Direxion Daily Semiconductor Bull 3XClose $231.42EOD only
Max Pain
$250.00
Next expiry Jun 26, 2026
Expected Move
±$43.33
18.7% from close
Price Gap
+18.58
Distance to max pain
IV Rank
59
Middle-high premium
P/C OI
1.45
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Jun 23, 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 23, 2026 close
SOXL Theta Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Wait for better risk/reward
Invalidation: Below 152.57 support or gamma flip at 200
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 4.3% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 247% vs VIX 18.6, extremely high
Favorable?
No

Term structure: Steep contango front; IV decays from 233% to 165% over 6 months

🔺IV 12x VIX, extreme premium but risk of sharp moves
⚪Put call OI ratio 1.56, heavy put activity
🟢High IV offers rich premiums for sellers

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-6.4M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 5,238 (12.9% below spot)

OI concentrations: Max pain $240 (6/26), $230 (7/2), $202 (7/10); gamma flip at $200

Verdict: Elevated pin risk near expiry; high put OI concentration below spot

Premium Opportunities

#1
Put diagonal
Sell 2026-07-17 $189.00 put / buy 2026-09-18 $185.00 put
Sell near-term put, buy longer-dated put at lower strike for downside protection.
Debit: $21.49-$26.26
Max loss: $26.26
BE: Path-dependent
Mgmt: Monitor 152.57 invalidation; roll if spot approaches short strike. Liquidity warning: Liquidity constraints: short_put: Volume below 5.; long_put: Volume below 5.
#2
Call calendar
Sell 2026-07-17 $320.00 call / buy 2026-09-18 $320.00 call
Sell near-term call, buy longer-dated call; profits from time decay below strike.
Debit: $31.18-$38.12
Max loss: $38.12
BE: Path-dependent
Mgmt: Exit if spot rallies above strike; adjust strikes if needed. Liquidity warning: Liquidity constraints: long_call: Volume below 5.

Risk Alerts

!Negative dealer GEX (-$6.4M) could amplify moves
!Spot below gamma flip $200, bearish bias
!Put OI ratio >1.5 suggests hedging pressure
How to Use These Reports
This theta reflects the market close on June 24, 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.