SOXL Short Put — Jun 18, 2026
Trade Setup
Current Stock Price
$176.94
Entry Price
$169.55
Expiration
Jun 18, 2026
Suggested Contracts
1
Strike Details
Sell 125P
Risk / Reward
Max Loss
$11470.00
Max Profit
$1030.00
Analysis
SOXL (DIREXION FDS DAILY SEMICONDUCTOR BULL 3X) presents a short put opportunity with very elevated implied volatility. IV Rank 96. IV 10146.0% trades 458.0pp above 30-day HV (9688.0%). This setup favors net premium sellers.
Sell the $125 put for $10.30 credit. Naked single-leg exposure; collect premium from time decay if SOXL stays above the strike. Underlying ~$169.55, 41 DTE. Max profit $1030 per contract, max loss $11470, 9.0% return on risk, 81% POP. Breakeven at $114.70.
Management: take profit at ~50% of max profit ($515). Cut at 2x credit ($2060 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: SOXL @ ~$169.55 Expiration: Jun 18, 2026 (41 DTE) Legs:
- Sell SOXL Jun 18, 2026 $125 Put (delta -0.19, mid $10.30)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~3.9% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($515). Cut loss if position reaches 2x credit received ($2060 loss). Roll if tested with > 14 DTE remaining.