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SOXL

Direxion Daily Semiconductor Bull 3XClose $146.25EOD only
Max Pain
$125.00
Next expiry Sep 25, 2026
Expected Move
±$9.35
6.4% from close
Price Gap
-21.25
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.92
Slightly put-heavy
Consensus
3.5/10
Bearish tilt
Published snapshot: Sep 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
Sep 23, 2026 close
SOXL Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 25, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Credit Put Spreads
Invalidation: Spot breaks below 200 gamma flip
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.4% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 198% vs VIX 19 → extremely rich
Favorable?
Yes

Term structure: Front-end dip then contango; premium highest at 1w

💸Huge IV premium; ideal for theta sellers

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+1.2M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 4,961 (20.8% below spot)

OI concentrations: Put OI concentrated below 200; max pain at 238/222/210 for near expiries

Verdict: Spot above max pain; pin risk elevated near term

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $220.00/$172.00 put spread
Sells elevated put premium with defined risk
Credit: $13.90-$17.00
Max loss: $31.00
BE: $203.00
Mgmt: Exit at 50% max gain or below invalidation at 250 Liquidity warning: Liquidity constraints: long_put: Volume below 5.
#2
Call diagonal
Sell 2026-07-17 $345.00 call / buy 2026-09-18 $350.00 call
Neutral-to-bullish theta play on IV term structure
Debit: $32.29-$39.46
Max loss: $39.46
BE: Path-dependent
Mgmt: Roll if stock breaches 250 or IV flattens Liquidity warning: Liquidity constraints: long_call: Volume below 5.

Risk Alerts

!Spot 6.4% from MP ($238)
!Put OI ratio 1.6 implies hedging
!Gamma flip at 200
How to Use These Reports
This theta reflects the market close on June 25, 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.