Kelvin 梁
10-24 13:18
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ For the nearest weekly expiry, the better near-term pin / magnet is $85 , not $90:

Direxion Daily Semiconductor Bull 3X Shares (SOXL)

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closed at $83.56 on 2026-10-24 .

The $85 put wall has the largest put gamma exposure, making it the most relevant nearby hedging level.

$90 has meaningful options activity, but it is not the dominant gamma wall; the main call-gamma wall is much higher at $100 .

Net gamma is negative at the current price, with the zero-gamma level near $108.55 . That weakens the usual “pinning” effect and raises the chance that hedging flows amplify, rather than suppress, a directional move.

One important correction: for the next weekly expiry on 2026-10-30 , the latest option positioning shows max pain at $111 , rather than $90. Max pain is only the strike that minimizes aggregate expiry payout; it is not necessarily the strike that exerts the strongest short-term pull. With spot near $84, the $85 put-gamma concentration is the more plausible immediate reference level, while $90 is the first meaningful upside option cluster to monitor.

The main risk to this interpretation is SOXL’s 3x leveraged exposure to semiconductors: a large move in the underlying semiconductor complex can overwhelm expiry-related dealer hedging and make any “magnet” ineffective.

Information is for reference only and does not constitute investment advice.
SOXL
10-24 13:14
USDirexion Daily Semiconductors Bull 3x Shares
SidePrice | FilledRealized P&L
Buy
Open
90.00
100
+3.06%
Holding
Direxion Daily Semiconductors Bull 3x Shares
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Comments

  • IreneWells
    10-24 18:52
    IreneWells
    $85 is the near pin for now, but if semis rip hard, $90 can turn into the real ceiling fast once gamma starts flipping
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