Reading the market regime before prices move
Reading the market regime before prices move
Every number here is computed from the traded SOXX options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.
Computed
Last completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
Price moves between these levels whether you see them or not. The difference is knowing them before your decision, not after.
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iShares Semiconductor ETF is an exchange-traded fund, listed since 2001, with about $48.22B in assets. The fund's price follows what it holds, so it moves with its basket, not with one company.
SOXX is passively managed to provide concentrated exposure to the 30 largest US-listed semiconductor companies. This includes (i) manufacturers of materials with semiconductors that are used in electronic applications or in LED and OLED technology and (ii) providers of services or equipment associated with semiconductors. To be eligible for the index, companies must meet investability and liquidity requirements,…
Its beta is 2.24: the fund usually moves more than the broad market, with wider swings up and down.
On the price was $511.03, below its 50-day simple average (DMA-50 at $535.92) by 4.6%, and above its 200-day average (DMA-200 at $469.57) by 8.8%. Above the 200-day and below the 50-day: the long trend is up and the near-term move has pulled back.
A fund does not publish earnings and revenue statements like a company, so its numbers are read from its assets and its price.
These numbers describe the fund's size and nature and change slowly, while gamma levels describe how the fund moves within the session.
