RDDT Weekly Options Trade Plan 2025-06-16

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RDDT Weekly Analysis Summary (2025-06-16)

Comprehensive Analysis and Actionable Insights for RDDT Weekly Options Trading

1. Summary of Key Findings Across Models

Technical Indicators: Multiple analyses indicate RDDT is currently bullish based on strong price action and support levels but shows signs of being overbought (RSI around 86). The price is above key moving averages, suggesting short-term bullish momentum. Sentiment Analysis: News sentiment appears predominantly bullish, with strong positive headwinds from partnerships (e.g., Google). However, the elevated VIX and the max pain level conspicuously at $113 introduces bearish undertones. Options Chain Analysis: The data showcases a higher open interest in calls than puts, which indicates bullish sentiment. However, the proximity of current prices to the max pain level adds uncertainty.