IWM 0DTE Options Trade Plan 2025-03-18

IWM 0DTE Trade Plan for 2025-03-18

Technical Analysis Synthesis

Price vs Moving Averages: 5-minute: Price ($202.53) below all key EMAs (10/50/200), signaling short-term bearish pressure. Daily: Price below critical EMAs (10-day: $204.02; 50-day: $215.73; 200-day: $215.61), confirming longer-term downtrend. RSI: 5-minute RSI at 37.15 (neutral-oversold). Daily RSI at 38.80 (neutral, no extremes). Bollinger Bands: 5-minute price hugging lower band, suggesting potential bounce but narrowing bands indicate low volatility. Daily price remains near lower band, reinforcing bearish structure. Support/Resistance: Immediate support at $202.35 (5-minute) and $202.74 (daily). Resistance at $203.10 (5-minute) and $203.29 (daily).

Market Sentiment Integration

VIX: Falling to 21.56 (elevated but declining), signaling reduced fear but still above normal volatility. News: Mixed signals (strong trade data vs. GDP stall and Fed pause). Options Data: Max pain at $205.00 (1.22% above current price). Heavy put open interest at $202.00 (support).

Directional Determination

Neutral/Unclear