Direxion Daily Pharmaceutical & Medical Bull 3X ETF (PILL) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Direxion Daily Pharmaceutical & Medical Bull 3X ETF (PILL) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $36.5M, listed on AMEX, employing roughly 39 people, carrying a beta of 2.12 to the broader market. PILL seeks to deliver investment results of 3x the daily performance of the S&P Pharmaceuticals Select Industry Index, a modified equal-weighted index that measures the performance of pharmaceutical companies, as defined by GICS, on the S&P Total Market Index. Led by Michael Davidson, public since 2017-11-15.
Snapshot as of Jun 30, 2026.
- Spot Price
- $18.07
- Call OI
- 99
- Put OI
- 94
- Total OI
- 193
- Put/Call Ratio
- 0.07
As of Jun 30, 2026, Direxion Daily Pharmaceutical & Medical Bull 3X ETF (PILL) has 193 total contracts outstanding across all expirations. Put/call OI ratio is 0.95 (balanced positioning). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How PILL open interest history Data Feeds Strategy Selection
Strategy selection on Direxion Daily Pharmaceutical & Medical Bull 3X ETF options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 66.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the PILL open-interest data
The open-interest time-series above tracks the total Direxion Daily Pharmaceutical & Medical Bull 3X ETF options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 0.07, call-heavy - speculative or bullish positioning dominates. Total call OI of 99 versus put OI of 94 gives a put/call OI ratio of 0.95 - structurally a slower-moving signal than the volume-based ratio.
PILL flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.
Using PILL OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for PILL sits at 17 days, so near-dated volume currently dominates the flow reading.
Learn how open interest is reported and how to read the data →
Daily open-interest history for PILL options over the last ~32 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | Call OI | Put OI | Total OI | P/C OI |
|---|---|---|---|---|
| Jun 30, 2026 | 99 | 94 | 193 | 0.95 |
| Jun 29, 2026 | 100 | 91 | 191 | 0.91 |
| Jun 26, 2026 | 99 | 91 | 190 | 0.92 |
| Jun 24, 2026 | 84 | 82 | 166 | 0.98 |
| Jun 23, 2026 | 83 | 81 | 164 | 0.98 |
| Jun 18, 2026 | 275 | 82 | 357 | 0.30 |
| Jun 17, 2026 | 274 | 82 | 356 | 0.30 |
| Jun 16, 2026 | 274 | 82 | 356 | 0.30 |
| Jun 15, 2026 | 275 | 83 | 358 | 0.30 |
| Jun 12, 2026 | 265 | 83 | 348 | 0.31 |
| Jun 11, 2026 | 244 | 87 | 331 | 0.36 |
| Jun 10, 2026 | 239 | 89 | 328 | 0.37 |
| Jun 8, 2026 | 241 | 89 | 330 | 0.37 |
| Jun 5, 2026 | 242 | 89 | 331 | 0.37 |
| Jun 2, 2026 | 245 | 76 | 321 | 0.31 |
Frequently asked PILL open interest history questions
- What is the current PILL options open interest?
- As of Jun 30, 2026, Direxion Daily Pharmaceutical & Medical Bull 3X ETF (PILL) has 193 total contracts outstanding across all listed expirations, split as 99 calls and 94 puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the PILL put/call open interest ratio?
- Put/call OI ratio of 0.95 is balanced.
- What does PILL open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.