SPX 0DTE Options Trade Plan 2025-06-20

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SPX 0DTE Analysis Summary (2025-06-20)

Comprehensive Analysis Summary for SPX 0DTE Options Trading

1. Model Key Points Summary

Multiple reports indicate a Moderately Bearish market bias for SPX 0DTE options, primarily driven by bearish technical indicators across the 1-minute, 5-minute, and daily charts. Underlying momentum is supported by declining price action below crucial moving averages and a negative MACD across multiple time frames, signaling sustained selling pressure. Sentiment analysis shows an elevated VIX (20.14), suggesting heightened volatility, and significant open interest in put options, especially around the max pain level of $5970, indicating positioning towards downward risks. Overall recommendations consistently lean towards purchasing put options, particularly those aligned closely to the max pain theory.

2. Areas of Agreement and Disagreement

Agreement: