IWM 0DTE Options Trade Plan 2025-03-19
IWM 0DTE Trade Plan for 2025-03-19
Technical Analysis Synthesis
Price vs Moving Averages 5-minute: Price ($203.21) trades between 10EMA (203.34) and 50EMA (203.28), with no clear trend. Daily: Price remains well below dominant EMAs (10D EMA: 204.02, 50D EMA: 215.73), signaling long-term bearish pressure. RSI 5-minute RSI: 46.35 (neutral, no momentum extremes). Daily RSI: 38.80 (approaching oversold but not yet extreme). Bollinger Bands 5-minute: Price near middle band (203.27) with narrowing bands (low volatility). Daily: Price near lower band (193.48), but dominant downtrend overshadows potential mean reversion. Key Levels Immediate resistance: $203.29 (daily) and $203.55 (5-minute). Support: $202.97 (5-minute) and $202.74 (daily).
Market Sentiment Integration
VIX: 21.56 (elevated but falling), signaling reduced intraday volatility risk. News: Mixed headlines (Fed uncertainty, retail dip-buying) lack a clear catalyst. Options Data: Max pain at $203.00 (0.10% below current price), suggesting gravitational pull toward this level. Open Interest: Heavy put OI at $195-$200 and call OI at $204-$208 implies institutional hedging, not directional conviction.
Directional Determination
Neutral/Unclear
Key Factors: Price trapped between critical support ($202.97) and resistance ($203.29). Falling VIX reduces likelihood of a strong directional breakout. Max pain alignment with current price limits upside/downside incentives. Daily chart remains structurally bearish, but 5-minute action lacks momentum.