RDDT Weekly Options Trade Plan 2025-06-24
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RDDT Weekly Analysis Summary (2025-06-24)
RDDT Weekly Options Trading Analysis
1. Comprehensive Summary of Key Points
Technical Analysis: Indicators present mixed signals with a strong bullish trend on the daily charts against short-term bearish signals on the 5-minute charts. Current price levels hover around $140.79, while the daily RSI near 70 suggests potential overbought conditions.
Market Sentiment: Positive news from Citigroup about a raised price target to $163 gives a bullish sentiment. However, the presence of significant open interest at the $135 level indicates the potential for a pullback towards max pain, which is set at $135.
Options Data: Significant activity on both sides of the options chain, with high OIs for the $150 strikes indicating bullish sentiment, yet underlying bearish indicators on the short term raise caution.