Direxion Daily Semiconductor Bull 3X Shares (:SOXL)
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- ReneeH: @traderbren $AVGO seeing ~6% +/- implied move, could get jiggy and move $SOXL a good proxy bet imo.
- ReneeH: @joelsg1 $NVDA fwiw, I'm holding with significant cushion to weather a 6% pullback...BUT, if it's more than 6% it's going to take down all of the tech/AI sector. I've created a small hedge leveraging $Qs & $SOXL puts rather than risk giving up my upside in the underlying. Just my approach. Lot's of ways to handle volatility.
- elgie: @ReneeH $NVDA how did you calculate the number of $SOXL or $Q puts you needed to buy to protect your $NVDA. Don't feel obliged to share your $NVDA position size if you can speak generally, Thanks
- ReneeH: @elgie $NVDA $SOXL $Q for me, I look at $ risk. The puts are insurance, so the risk of losing those 50%+ premium, covers the potential upside on the core position. With a highly correlated AI/tech portfolio, my risk analysis also includes the degree of Cushion (key) ensuring minimal loss of profit. Puts will profit if the market (QQQ's specifically) drops 2%+, 5Sep has time value and decent IV. The greeks matter imo. Hope this is helpful.
- ReneeH: $SMH $SOXL for the $NVDA proxy play
- joelsg1: @ReneeH $SMH $SOXL $NVDA Are you playing through $NVDA E?
- ReneeH: @joelsg1 $SMH $SOXL $NVDA absolutely. Have common + calls ITM. + $SOXL covered calls, hoping to be exercised ~ +20% from last week.
- joelsg1: @ReneeH $SMH $SOXL $NVDA Me too, largest pos.
- ReneeH: $SOXL any covered call traders, great day imo for buying 27.8, sto 29aug30c. If exercised +15%, not bad for a week imo. Tis the season.
- bill52: $SMH $SOXL Nice move higher out of recent consolidation for the Semis.
- ReneeH: @TraderGeekSam $TQQQ $SQQQ #chocolatecoveredhandgrenades fwiw with the 3x ETFs $SOXL, I like em for covered calls, short term 2 weeks avg. They degrade over time inefficiently imo.
- ReneeH: $SOXL $SMH contemplating a covered call w/SOXL high IV, prints income +/or ITM calls $SMH for this semi ride up n out
- Tlluride: $SOXL has held 50 and 200 Day MA, good entry with a tight stop, looking to open up 5%.
- ReneeH: @Geewhiz $MARA sometimes yes I get exercised. Depending on the action, periodically I close at 50%+ profit on the premium and re-initiate + 1 week rather than roll. I captured premium for the last 3ish weeks; avg cost basis $15, selling weekly 20c for about $0.60, IV is fairly high (bonus). I do these on segments of my position; e.g., 5k shares, sell calls on 1/2; if exercised = 30% profit on that portion of the trade for income. Rinse repeat. Around the highs of a position (i.e., here ish), I'm ok to scale out in the coming week. $SOXL has been a similar income trade for me with 3x leverage juicy IV, decays faster, so I'm ok to get exercised. Hope this helps.
- ReneeH: @peterd $AMD looking strong! fwiw, in $SOXL to catch em all, selling premium on underlying to capture a little income with semi's
- peterd: @ReneeH $AMD $SOXL I have owned $SMH in the past. Trying to pick winners in the semi space is tough. Great idea with an ETF that owns them all.
- ReneeH: $SOXL leveraged 3x, with high IV, good one for buy/writes in my experience. e.g., bto 26; sto next week 28 or 29c (cost basis ~25) with plan to be exercised. strong uptrend ~ +16% profit quick income
- champ: @bigbartabs $TQQQ $TNA $SPXL $UDOW $SPX $NDX $RUT ....Good to know, Thanks........this is moving, check out this Day-trade $SOXL. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Tlluride: $soxl has been in a nice uptrend, its currently right at the 200 day, good entry with a tight stop.
- champ: $SPXL $TQQQ $TNA $SOXL.....the Markets should close today on their highs......... ...... and for me, I added more $$$ into the Markets and I'm planning on being over 70% invested in the Markets, by the End of the Day. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- marklesparkle: @champ $SPXL $TQQQ $TNA $SOXL Market closes at 10 am dont forget
- bigbartabs: @marklesparkle $SPXL $TQQQ $TNA $SOXL ... close is in 46 minutes, if I have my time zones right.
- marklesparkle: @bigbartabs $SPXL $TQQQ $TNA $SOXL yes we the Pacific boys
- champ: @marklesparkle $SPXL $TQQQ $TNA $SOXL ........Yes sir, great Day, great week, great Market, to Invest in and I'm an Investor and I'm going to hold many positions #into-2026, have to swing for Tax reasons.......... ......and I'm also a Trader. Good Luck! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ My YTD profit total are on their HOD's and have been growing faster than I expected. .......I'm a large Swinger.
- marklesparkle: @bigbartabs $SPXL $TQQQ $TNA $SOXL Yes we are the Pacific boys along with Dan and others @69camaro I think too
- bigbartabs: @marklesparkle $SPXL $TQQQ $TNA $SOXL ... where are you located? I'm in El Dorado County, about an hour west of Lake Tahoe.
- marklesparkle: @bigbartabs $SPXL $TQQQ $TNA $SOXL Down in Pleasant Hill Walnut Creek
- bigbartabs: @champ $SPXL $TQQQ $TNA $SOXL #into-2026 ... what's your guess at the close? Might be a mad dash of late buyers piling in for Monday.
- champ: @bigbartabs $SPXL $TQQQ $TNA $SOXL #into-2026 ....I added to all of my ETF's because the Markets should have a huge bounce on Monday.....and if the Markets are going to bounce, my guess is....ETF positions should be the safest positions for a bounce. Good Luck! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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champ: @bigbartabs ....$TQQQ $SOXL $SPXL $SSO $UDOW $TNA $KWEB $FXI $ARKK ...Yes and it looks like all of those swingers, those believers, off of all of those April, 7th lows, are doing really well.
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......And the be ... - champ: $SOXL...is HOD, this might continue, has legs.
- champ: $SOXL is HOD, up over 8%.
- champ: $SOXL...nice turn off of $15.25.
- champ: $TQQQ $SPXL ...$NVDA $SOXL.... the Markets are Happy, they liked the earnings report....nice Set-up for tomorrow.
- champ: $SOXL.... HOD and is up over 11%, Chip-ETF.
- Tlluride: $SOXL big moive above the 50 day, up 19%
- champ: $SSO $TQQQ $SOXL $FXI $KWEB, these are my ETF swings....and they have been more or less flat , after the open....I forgot that I was holding 400 shares of $SOXL, so that was a nice surprise for me this morning. ....Watch for possible Entries, at some point, for Investment swing positions and these ETF, they cover just about everything that is going on in the Markets.....and I should have held onto $UDOW but I didn't.
- bigbartabs: @champ $SSO $TQQQ $SOXL $FXI $KWEB $UDOW ... we all should have held on, except for the fact that the charts were extended, and were looking like more resistance than support at Friday's close. At least they did to me. I think a lot of good traders were surprised this morning, and were scrambling at the open... and even pre-market. I was one of them.
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champ: @bigbartabs $SSO $TQQQ $SOXL $FXI $KWEB $UDOW .......This was my Entry-timing, #Investment-plan.......
.....Yes but my reason for my ETF's Investment swings was......because of those U.S. and China #trade-talks that started on Saturday.......No Risk ... - champ: @bigbartabs $SPXL $TQQQ $UDOW $RUT ......on ETF's....I'm holding both $SSO and $SPXL , plus $TQQQ, $SOXL....also both of these, $FXI and $KWEB.....and a New starter with $UDOW. .....New today for me is $SPXL and $UDOW...... the close might be #fun today......... .....because we need to see how the Markets are thinking.......... on these ETF's, $SSO is my largest swing position, with 500 shares. .....And...I'm holding stock-positions on all. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- champ: $SOXL...up over 20%, could be the largest % ETF mover today..??
- champ: $SSO $SPXL $TQQQ $SOXL $FXI $KWEB....looks like the Markets had a Great close and they closed right below their HOD's...... ...and today, all the #Stock-pickets, they only needed a Dart-board, to pick-out new Stock positions, off of their hand picked Watch-list....because just about everything on my Watch-list, was up nicely. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- champ: $SOXL...is HOD.
- champ: $SOXL is a new-Swing, for me today.
- Tlluride: $SOXL up 16%, crossed the 20 day.
- champ: $SOXL is now at $10.53 and the #U-turn entry was at $8.24, for those who had that perfect entry......and the January high was at $36.15.....and 6 months from now this ETF, could be right back at that 2024 high, at around $70.00....... ....this is how Investors think and I wonder if their are any Investors left in the forum anymore....... ...or maybe we are all Traders now. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- vitoB: With $VIX below vwap. First uptick in a while. VIX moving lower than open now is the forced selling over ? Or are buyers stepping in. I’m a short term trader so either way I think the play is on the long side. Said that in the afternoon on Friday but I’m looking at $RH green $COIN $SOXL above open and $AMZN about to go green. These are the canaries I’m lookin at for retail semis and tariff impacted companies
- Nepenthe: @billyzeke Agree. Did really well with $SOXL and $TQQQ, but now out. I'll take it. And sold most of my $AMZN. In this market small victories come in handy. Cheers.
- billyzeke: @Nepenthe $SOXL $TQQQ $AMZN I got the most of my $TQQQ and $NVDA but I couldn't get out of my $FNGA quick enough to preserve a big gain. Hard to compete with those machines!
- Nepenthe: @billyzeke $SOXL $TQQQ $AMZN $NVDA $FNGA Indeed. My system's rather clunky--Merrill Edge--but surprised there's been no problem so far with orders. I re-entered both $AMZN and $TQQQ at VWAP, but with very tight leashes--I fear the markets knout. Cheers.
- vitoB: $SOXL 8.75 can’t believe this number. Starter long
- bigbartabs: $SMH $SOXL ... has really hit a flat line.
- bigbartabs: $SMH $SOXL ... working on popping above the 50dma
- bigbartabs: $SMH $SOXL ... semiconductors have been flat line since the end of September. That's different... doesn't happen often.
- billyzeke: @bigbartabs $SMH $SOXL Yeah, they are usually leading the market up or down.
- billyzeke: Semis have had a good day $SOXL is now back at resistance. Had a nice little day trade on this one today, out for now.
- Nepenthe: @bigbartabs $SPXL $TQQQ $UDOW $TNA Whew! Anxiously, I am too--$SPXL, $TQQQ, $SOXL--but now that I know the grand master of the 3XETF trade is as well, the anxiety dissipates. And here's wishing us all good fortune going into the New Year. Cheers.
- bigbartabs: @Nepenthe $SPXL $TQQQ $UDOW $TNA $SOXL ... Roger that my friend. By the way, you have a big storm headed your way. It's pouring here in the Sierra Foothills as I write this... and has been since I got up this morning.
- Nepenthe: @bigbartabs $SPXL $TQQQ $UDOW $TNA $SOXL The bigger, the better, I say. Bring it on. We'll be heading to EDH in a few days, so I hope the morons will be off the pass. Cheers.
- champ: @bigbartabs $SPXL $TQQQ $UDOW $TNA $SOXL ....Not getting a lot of rain down here in the Monterey area and we really need rain....we need a lot more down here.
- Nepenthe: @bigbartabs $SPXL $TQQQ $UDOW $TNA Yep, those are the two I'm still holding, along with some $SOXL. And those are the two I have on my radar, $UDOW and $TNA. Thanks for the heads up. Cheers.
- Nepenthe: @bigbartabs $MSFT $META $QQQ $TQQQ And which I always value, and with which I've come to agree. Currently but riding the two big boys along with $COIN after curtailing $NFLX but have taken a chapter from your book on trading wisdom and am in $TQQQ, $SOXL, $TNA, and started a small position in $LABU ($XBI has to hold the 50ma). Other than $COIN, and due to its volatility, I feel those two are less maintenance, especially due to the technical set up. Thanks again for all your posts. Cheers.
- bigbartabs: @Nepenthe $MSFT $META $QQQ $TQQQ $COIN $NFLX $SOXL $TNA $LABU $XBI ... nothing wrong with having single tickers to pump your overall big / semi-perm money invested. I do that all the time... to scalp the strong single stocks that are moving day to day. Then when the flow of big money slows into the indexes... the best single tickers stand out for us to pile into (and that all the big smart traders are using in volume as well), until the indexes take off again. Over and over again. Good show my friend!
- bigbartabs: @djgustoso $MSTR $MSTX ... years ago I did a correlation check on many of the 1x and their 3x ETFs. Some correlated well between 1x to 3x... but the majority had pretty big gaps in correlation. I seem to recall that $SMH to $SOXL correlated best ... and the energy ETFs were the worst... $XLE to $ERX and $XOP to $GUSH.
- gilbertdbg: @Dan$SOXL Why are the semiconductors so weak? Any thoughts?
- PhilHarmonic: @gilbertdbg $SOXL It doesn't look weak to me.
- phgruver: @gilbertdbg $SOXL Not @Dan, but I have to agree with Phil. Chips aren't "weak," they are just resting. Unless China (or someone else) does something really stupid, chips will be leading the market higher next year. It's a little early to be jumping in, but keep an eye on the space. The Bollinger Bands are tightening, and we are nearing an inflection point....
- bigbartabs: @StockMarketMentor $SOXL ... SOXL opening up 12.45%. Caution though, now resistance.
- MongosPawn: $SOXL Took a small byte.
- MongosPawn: @MongosPawn $SOXL Stopped out of my DT for a small loss.
- bigbartabs: $SOXL $SMH ... if you like chances of a semiconductor bounce... right at 3/8/24 support, with the 100dma
- Nepenthe: @bigbartabs $SOXL $SMH And if you look at the $SMH weekly chart, which I don't believe you do, it's rebounded to the 21ma where it seems to have found support before during its most recent uptrend. No position at the moment, but there you have it. Or don't Cheers.
- bigbartabs: @Nepenthe $SOXL $SMH ... I mainly watch daily, weekly charts. Note SMH week 3/4 is support, where its at now. I would wait for a daily chart rise off from that weekly high before I bought.
- vitoB: $SOXL dtrade long 40.14
- vitoB: @vitoB $SOXL needs another flush
- vitoB: $SOXL ride the lightning baby
- BobbyZ4416: @vitoB $SOXL We are so back!
- vitoB: @BobbyZ4416 $SOXL haha.....hit yesterdays low and trying to churn
- vitoB: $SOXL takin half off
- bigbartabs: $SMH $SOXL ... fading semi-conductors? Or good buy point, right at the 50dma.
- wijimmy: @bigbartabs $SMH $SOXL ... I took some $SMH THUR,FRI around the 50day in my IRA , 401k and 457 ..
- vitoB: $SOXL dtrade long off lod low risk
- vitoB: @vitoB $SOXL keepin it green, done
- bigbartabs: @vitoB $SOXL ... an all day $SMH cat fight with the 50dma.
- vitoB: $SOXL dtrade , takin half off $AGQ
- vitoB: @vitoB $SOXL $AGQ ...nope on $SOXL
- bigbartabs: $SMH $SOXL ... looks to me like SMH is finding support at the 50dma... and could bounce a bit before the close. Note that the weekly candle has now engulfed the prior 4 weeks of opens / closes.
- bigbartabs: $SMH $SOXL ... not only is NVDA going up, so is the entire semi-conductor market. Very strong.
- traderbren: @Cjauger $NVDA - yep, looks promising as it clears yesterday's high. Also, $SOXL cleared the 50d
- bill52: $SOXL $SMH semis managing to hold up green so far for the first hour. will see if they can hold up....
- vitoB: makin a list of tickers that have been down many days in a row to see how it capitulates at the open, as well as tickers that are not down as much as ecpected in the retail space. lookin at $ULTA $FIVE $UA $DNUT (champ's) add $SOXL and $TNA to the list, all just for potential 59ers. will be lookin to buy back some $ANF short and $SG short
- bill52: @PTinME $NVDA Not sure what Joe T is talking about. Despite $NVDA having another down day, I'd suggest the semi's in general by looking at the $SMH and $SOXL show them just taking a break and continued consolidation after a very good run over the last number of months. Seems like a healthy break and set up for a future run at some point.
- woodman: @bill52 $NVDA $SMH $SOXL - Fwiw, $NVDA has broken the daily chart trend by falling through the 20d. And, the 3/25 intraday high didn't reach back as high as the 3/8 intraday high. That's either a lower high or one might say close enough to call it a double top. Either way, these are cautionary flags. On the weekly chart, this is Week 3 red after 11 green weeks. So, perhaps this is a weekly flag with possible support here at the 8wEMA. And, it could end up being fine if it can hold 50d support (currently $40 lower). So, a couple ways to look at it, but, currently, this is a change in complexion and raises at least a yellow cautionary flag.
- bigbartabs: @woodman $SMH ... yes, and my $SOXL is 3x. A big gap between the close yesterday and current. I would like to add, but no pullback.
- Nepenthe: @bigbartabs $SMH $SOXL Same boat with you. Prior to $NVDA's earnings, I scaled back my $SOXL. Now looking for a place to add. As you brought up yesterday, I've never seen a market react to one company's earnings in such a manner; everything seems to be up. Very strange indeed. Cheers.
- woodman: @bigbartabs $SMH $SOXL - Congrats. I figured you'd be having triple the fun.
- chrisbman360: @bigbartabs $SMH $SOXL I like $USD as this is heavily weighted NVDA and is also a leveraged semi ETF. Up 18% just today. I bought a little yesterday. Wish I backed up the truck.
- sgiseller: $SOXL small add @ 31.23 on pullback, out @ 33.66, back in @ 31.78
- sgiseller: grabbed a starter in $SOXL
- sgiseller: $SOXL Anyone think semi's are going to continue the run?
| Stock Price | $41.71 |
| Change | -14.51% |
| Volume | 137,531,000 |
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the PHLX Semiconductor Sector Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.
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