On May 15, Eastern Time, Direxion Semicon Bear 3X options saw a total of 269991 contracts traded, with calls accounting for 79% and puts making up 20%.
Direxion Semicon Bear 3X has 1024078 contracts outstanding, with calls accounting for 76% and puts making up 23%.
The top volume gainer was the 10 dollars Call option expiring on May 22, 2026, with 14666 contracts traded.
On the news front, Based on recent key news:

1. May 16, SPDR S&amp;P 500 ETF closed above its upper Bollinger Band for the first time in over a year, historically a bullish long-term sign. The SOX index is trading 62% above its 200-day average, a level seen only during the Mississippi and dot-com bubbles. BofA’s Michael Hartnett warns a final bullish wave could peak in early June, after which investors may consider reducing positions.

2. May 15, the SOX index is 62% above its 200-day average, exceeding dot-com bubble peaks and signaling potential overheating. Analysts note vertical price action and overbought conditions in semiconductors often precede steep corrections. AI momentum supports the rally, but narrow breadth and rising bond yields pose risks to its durability.

3. May 16, semiconductor stocks surge to historic premiums over long-term averages, prompting comparisons to past market bubbles. Inflation, potential Fed hikes, and energy-driven consumer strain could challenge high-valuation sectors like semiconductors.Semiconductor sector faces overheating risks.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-18/ETF_US_SOXS_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-18/ETF_US_SOXS_en.png"/>

SOXS

On May 15, Eastern Time, Direxion Semicon Bear 3X options saw a total of 269991 contracts traded, with calls accounting for 79% and puts making up 20%.

Trending | SOXS Surges 11% last Friday, Some Call options Soar 500%