SOXXiShares Semiconductor ETF
SOXX Options Overview
bearish flow with unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
SOXX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 60.4% — elevated vs history
IV/HV 1.22x — IV premium over HV
Sector percentile 76% — above sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 40.9% — normal range
Effective IV 58.7% (ATM 40.9% + spread 8.9% + bias) — good value
Total drag 13.39% (spread 8.92% + slippage 4.47%) — high friction
Vega efficiency 118.71 (vega 105.888 / spread 8.92%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -34% (strong bearish) — Raw: -21%
|OI skew| 12.8% — balanced
Vol skew -44.1%, OI skew -12.8% — aligned
0-DTE 28%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -12%, ATM: +3%, OTM: -32% — neutral (ITM/ATM divergent)
Sector P/C percentile 92% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 6.7% — normal turnover
1 day(s) elevated — may be one-day event
OI change +0.6% (5d) — stable
Sector activity percentile 76% — active vs sector
Large trade volume 37% — institutional presence
Aggressive execution 29% — patient
Conviction -34 (bearish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 8.9% — wide
OI 582,872 — deep
Volume 38,767/day — active
$0.45 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 342.9 contracts (bid:168.8 ask:174.1) — adequate
Avg slippage 4.47% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -3.7% — flat/unclear
IV percentile 60% — neutral
IV kink -0.9pts — no clear event
θ/ν ratio 443.23 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -34% @ 67% consistency — moderate (bearish)
Score 67 (ITM 20% + inst 37%) — HIGH institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.