Learn/Iron Condor/SOXL

01 — SOXL · IRON CONDOR

Best SOXL iron condor setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

+3x daily leveraged semiconductor ETF tracking SOX index, with extreme intraday range.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Direxion Daily Semiconductor Bull 3X Shares
Leveraged ETF
SOXL
$77.05-47.9% / 30d
IV rank (1y)
47% · moderate
Option vol
208K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
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Top pick · 4-leg iron condor
$45/$50P + $104/$106C · Nov 27
27 DAYS · BOTH WINGS 5 WIDE · SELL TO OPEN
Credit
$137
Return
37.74%
PoP
68%
WingsExpirationCreditReturn ↓PoP
$55P / $99C
5 wide wings
Nov 27
27 days
$137
$1.37 / share
37.74%61%
$50P / $104C
5 wide wings
Dec 4
34 days
$90
$0.90 / share
21.95%64%
3 of 3 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $45/$50P + $104/$106C · 27 DTE

$0+$137−$363$45$50P$104C$106

Key numbers

Premium collected+$137
Max profit+$137
Max loss−$363
Profit zone$48.63 — $105.37
Probability of profit68%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      05 — RUN IT LIVE

      See the highest chance of profit on SOXL.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

      Analyze SOXL free →