RDDT Swing Options Trade Plan 2025-06-17

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RDDT Swing Analysis Summary (2025-06-17)

Based on the analysis of the provided reports and options data for RDDT, here’s a comprehensive summary and actionable insights:

1. Summary of Key Points from Models

Technical Analysis: Consensus on a moderately bullish outlook based on strong upward momentum in the daily and weekly charts. However, the daily RSI is overbought, suggesting potential for a pullback. Key support at around $132.41 and resistance just above current levels ($135.90).

Market Sentiment: Positive news sentiment supports bullish actions, even though rising VIX and max pain level at $115.00 suggest downside risks. Options activity shows conflicting signals: calls near current price suggest bullish interest, while high put activity indicates hedging or bearish sentiment.

Directional Bias: The consensus varies, with a moderately bullish sentiment prevailing, but significant caution is warranted due to the overbought conditions and levels of implied volatility.

2. Areas of Agreement and Disagreement