A contract linked to Direxion Daily Semiconductor Bull 3X ETF (SOXL) traded 4.45% below its latest close before U.S. markets opened Oct. 20, highlighting the gap between derivatives and the fund’s regular-session price.
At 7 a.m. EDT (11:00 UTC), a snapshot from the xyz market on Hyperliquid put the SOXL-linked contract at $94.26. Direxion lists $98.65 as SOXL’s Oct. 19 closing market price. Among the instruments compared, the SOXL-linked contract had the deepest gap against its corresponding cash close.
Quotes for SanDisk-, Micron-, Nasdaq 100- and NVIDIA-linked contracts were below their respective cash closes by 3.02%, 2.66%, 0.44% and 0.39%, respectively. The xyz market on Hyperliquid trades around the clock, so these comparisons set derivative quotes against the latest regular-session prices.
The snapshot covered 136 listings. Turnover over the preceding 24 hours was $3.11 billion, while open interest stood at $3.86 billion. Separately, the SOXL-linked contract was down 8.73% over a rolling 24-hour period, a different measure from its 4.45% gap against SOXL’s Oct. 19 close.
An earlier report on the same contract compared it with a $110.54 prior close and showed an 8.78% gap.
