ELF Weekly Options Trade Plan 2025-06-20
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ELF Weekly Analysis Summary (2025-06-20)
Summary of Key Points
Current Options Data
Max Pain Level: $117.00 suggests gravitational pull toward this price point. Call Options: Significant open interest and volume favoring ITM and ATM strikes as opposed to OTM. Put Options: Market sentiment currently reflects higher demand for puts compared to calls, particularly at strikes near the current price.
Technical Analysis
5-Minute Chart: Current price ($122.24) is below key moving averages (MAs); sentiment is bearish. Recent indicators (RSI, MACD) support this view. Daily Chart: Shows overbought RSI (70.32) indicating potential for a correction, contributing to bearish expectations. Support Levels: Nearby support at $121.00, with longer-term focus on $117.00 max pain.