What Happens When You Add Triple Leverage to Bearish Bets...

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$

Thursday's crash sent SOXL options opening data through the roof. Bears went all-in bearish — both call and put opens were bearish orders, including big same-day-expiry trades. For example:

Sell $SOXL 20261120 120.0 CALL$ — 29K contracts opened
Sell $SOXL 20261023 85.0 CALL$ — 20K contracts opened
Buy $SOXL 20261023 80.0 PUT$ — 30K contracts opened
Buy$SOXL 20290119 55.0 PUT$ — 8,428 contracts opened

Big SOXL orders aren't that common. With a 3x leveraged ETF plus options leverage on top, you could say bears think Friday is a guaranteed drop.

We'll see at tonight's close. At least as of one hour after the open, those two same-day-expiry big orders can be considered worthless.

$SPDR S&P 500 ETF Trust(SPY)$

Even though semis may have hit a short-term bottom, the worrying part is that SPY has entered a pullback trend, with a target of 740. Unless another massive short-squeeze miracle turns things around, SPY falling will definitely drag semis into a deeper pullback.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Fenri5
00:20
Fenri5
sadly I got hit pretty big. but holding on for dear life now for. a rebound!!!!!!
THB
02:42
THB
Cool it's quite good that holding this perfect share now and now and now
古来巴菲特
10-26 23:51
古来巴菲特
Cool it's quite good that holding this perfect share now and now and now
NG1970
11:11
NG1970
aa a a a a a a a a a a a a a a a a a a a a
WenJieChan
10-26 21:47
WenJieChan
good find and good read

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Bears went all-in bearish — both call and put opens were bearish orders, including big same-day-expiry trades. For example:</p>\n<p style=\"text-align: start;\">Sell <a title=\"$SOXL 20261120 120.0 CALL$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261120 120.0 CALL\">$SOXL 20261120 120.0 CALL$&nbsp;</a> — 29K contracts opened<br>\n Sell <a title=\"$SOXL 20261023 85.0 CALL$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261023 85.0 CALL\">$SOXL 20261023 85.0 CALL$&nbsp;</a> — 20K contracts opened<br>\n Buy <a title=\"$SOXL 20261023 80.0 PUT$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261023 80.0 PUT\">$SOXL 20261023 80.0 PUT$&nbsp;</a>— 30K contracts opened<br>\n Buy<a title=\"$SOXL 20290119 55.0 PUT$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20290119 55.0 PUT\">$SOXL 20290119 55.0 PUT$&nbsp;</a> — 8,428 contracts opened</p>\n<p style=\"text-align: start;\">Big SOXL orders aren't that common. With a 3x leveraged ETF plus options leverage on top, you could say bears think Friday is a guaranteed drop.</p>\n<p style=\"text-align: start;\">We'll see at tonight's close. At least as of one hour after the open, those two same-day-expiry big orders can be considered worthless.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cff5f34f739b8b379c7066de9db701da\" tg-width=\"1042\" tg-height=\"1054\"></p>\n<p style=\"text-align: start;\"><a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a></p>\n<p style=\"text-align: start;\">Even though semis may have hit a short-term bottom, the worrying part is that SPY has entered a pullback trend, with a target of 740. Unless another massive short-squeeze miracle turns things around, SPY falling will definitely drag semis into a deeper pullback.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8a63c906d3ed42e0008c87ccad0a025b\" tg-width=\"1044\" tg-height=\"1090\"></p></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: start;\"><a data-mention-id=\"SOXL\" class=\"teditor-mention\" data-mention-name=\"Direxion Daily Semiconductors Bull 3x Shares\" href=\"https://ttm.financial/S/SOXL\">$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$</a></p>\n<p style=\"text-align: start;\">Thursday's crash sent SOXL options opening data through the roof. Bears went all-in bearish — both call and put opens were bearish orders, including big same-day-expiry trades. For example:</p>\n<p style=\"text-align: start;\">Sell <a title=\"$SOXL 20261120 120.0 CALL$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261120 120.0 CALL\">$SOXL 20261120 120.0 CALL$&nbsp;</a> — 29K contracts opened<br>\n Sell <a title=\"$SOXL 20261023 85.0 CALL$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261023 85.0 CALL\">$SOXL 20261023 85.0 CALL$&nbsp;</a> — 20K contracts opened<br>\n Buy <a title=\"$SOXL 20261023 80.0 PUT$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20261023 80.0 PUT\">$SOXL 20261023 80.0 PUT$&nbsp;</a>— 30K contracts opened<br>\n Buy<a title=\"$SOXL 20290119 55.0 PUT$&nbsp;\" href=\"https://ttm.financial/OPT/SOXL 20290119 55.0 PUT\">$SOXL 20290119 55.0 PUT$&nbsp;</a> — 8,428 contracts opened</p>\n<p style=\"text-align: start;\">Big SOXL orders aren't that common. With a 3x leveraged ETF plus options leverage on top, you could say bears think Friday is a guaranteed drop.</p>\n<p style=\"text-align: start;\">We'll see at tonight's close. At least as of one hour after the open, those two same-day-expiry big orders can be considered worthless.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cff5f34f739b8b379c7066de9db701da\" tg-width=\"1042\" tg-height=\"1054\"></p>\n<p style=\"text-align: start;\"><a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a></p>\n<p style=\"text-align: start;\">Even though semis may have hit a short-term bottom, the worrying part is that SPY has entered a pullback trend, with a target of 740. Unless another massive short-squeeze miracle turns things around, SPY falling will definitely drag semis into a deeper pullback.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8a63c906d3ed42e0008c87ccad0a025b\" tg-width=\"1044\" tg-height=\"1090\"></p></body></html>","text":"$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Thursday's crash sent SOXL options opening data through the roof. Bears went all-in bearish — both call and put opens were bearish orders, including big same-day-expiry trades. For example: Sell $SOXL 20261120 120.0 CALL$ — 29K contracts opened Sell $SOXL 20261023 85.0 CALL$ — 20K contracts opened Buy $SOXL 20261023 80.0 PUT$ — 30K contracts opened Buy$SOXL 20290119 55.0 PUT$ — 8,428 contracts opened Big SOXL orders aren't that common. With a 3x leveraged ETF plus options leverage on top, you could say bears think Friday is a guaranteed drop. We'll see at tonight's close. At least as of one hour after the open, those two same-day-expiry big orders can be considered worthless. $SPDR S&P 500 ETF Trust(SPY)$ Even though semis may have hit a short-term bottom, the worrying part is that SPY has entered a pullback trend, with a target of 740. 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