SOXL Covered Calls: Premium Income for Direxion Daily Semiconductor Bull 3X

What SOXL shares could pay in covered call premium

Direxion Daily Semiconductor Bull 3x Shares amplifies semiconductor returns. Extreme IV from 3x leveraged semiconductor exposure generates the largest covered call premiums in the ETF universe.

Covered Call Pro ranks live SOXL call options by premium-per-day — strike, expiry, premium, and annualized yield — with illiquid chains filtered out. Run the live screener to see today's numbers.

SOXL covered call FAQ

How much premium does a SOXL covered call pay?

Premiums change daily with Direxion Daily Semiconductor Bull 3X's stock price and implied volatility. The Covered Call Pro screener ranks live SOXL strikes by premium-per-day so you can see exactly what your shares could pay right now.

Do I need 100 shares of SOXL to sell a covered call?

Yes. One options contract covers 100 shares, so selling one covered call on SOXL requires owning at least 100 shares. If you own fewer, the position would not be "covered."

What is the risk of selling covered calls on SOXL?

The main trade-off is capped upside: if Direxion Daily Semiconductor Bull 3X rises above your strike price by expiration, your shares can be called away at the strike. You keep the premium either way, but you give up gains beyond the strike. You also keep full downside exposure to the stock itself. This page is educational information, not investment advice.

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