INTC Weekly Options Trade Plan 2025-03-18
Trade Analysis for INTC Weekly Options (Expiry: 2025-03-21)
Technical Analysis Synthesis:
Price Position Relative to MAs:
The last price of $25.92 is above the 10-day EMA ($22.7378), indicating potential for an upward momentum. It's also above the 50-day EMA ($22.0067) and below the 200-day EMA ($24.6669), suggesting a short-term bullish trend within a longer-term bearish context. RSI Readings:
The 10-period RSI on the 5-minute chart is at 42.51, not indicating overbought or oversold conditions. On the daily chart, RSI is at 68.91, approaching overbought territory but not there yet. Bollinger Bands:
On the 5-minute chart, the price is trading near the upper Bollinger Band, suggesting potential for a short-term pullback or consolidation. On the daily chart, the price is below the upper band, indicating room for further upward movement. Support and Resistance:
Key support levels are at $25.57, $25.80, and $25.82. Resistance levels are at $25.98, $26.24, and $26.26, with the current price just below the first resistance.
Market Sentiment Integration:
VIX Data:
Current VIX is 21.56, falling from a 5-day average of 22.55, indicating decreasing market volatility. This supports a more favorable environment for directional bets. Recent News Impact: