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SOXL

Direxion Daily Semiconductor Bull 3XClose $252.61EOD only
Max Pain
$237.50
Next expiry Jun 26, 2026
Expected Move
±$22.17
8.8% from close
Price Gap
-15.11
Distance to max pain
IV Rank
68
High premium
P/C OI
1.60
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
SOXL Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness3 / 10
Sizing: Conservative
Primary: Long put spreads
Invalidation: Spot closes above $240 resistance or gamma flip at $200
Confidence:
3.5 / 10
base 5; -1 GEX/flow contradict; -1 spot 10.2% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Very elevated (avg IV ~169% vs VIX 18.4)
Favorable?
No

Term structure: Steep contango from 0 DTE; flat thereafter near 180%

📈IV elevated but puts skew steep; negative dealer gamma ($-11.7M) limits premium selling appeal.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-11.7M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 5,048 (7.2% below spot)

OI concentrations: Heavy put OI from $110-$200, with 5,048 puts 7.2% below current spot.

Verdict: Elevated pin risk below $200; max pain pin at $240 (0 DTE) and $230 (next week).

Premium Opportunities

#1
Call diagonal
Sell 2026-07-17 $295.00 call / buy 2026-08-21 $300.00 call
Sells near-term $295 call, buys later $300 call; profits if stock stays below $295.
Debit: $17.35-$21.20
Max loss: $21.20
BE: Path-dependent
Mgmt: Close if spot rises above $295.
#2
Put credit spread
Sell 2026-07-17 $189.00/$161.00 put spread
Sells $189/$161 put spread; gains if stock stays above $189.
Credit: $9.56-$11.69
Max loss: $16.31
BE: $177.31
Mgmt: Exit if spot breaks $200. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.

Risk Alerts

!High implied volatility (avg IV ~169%) increases risk of sharp moves.
!Negative dealer gamma (-$11.7M) amplifies spot moves.
!Put-call volume ratio >2 suggests bearish sentiment.
How to Use These Reports
This theta reflects the market close on June 26, 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.