SPY 0DTE Options Premarket 2025-04-07 (DS)

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TRADE DECISION: NO TRADE RECOMMENDATION TODAY Confidence Level: 55%

Key Analysis Summary

Technical Conflicts

Extreme Oversold Daily Conditions: Daily RSI at 19.55 (lowest in 5 days) and price below lower Bollinger Band suggest potential reversal, but 5-minute chart shows relentless selling (price below all EMAs, RSI 34.55 not yet oversold). Support/Resistance: SPY sits at critical support ($505.28 vs. $505.00 put wall), but breakdown risk remains with no reversal signals. Market Sentiment

VIX at 48.38: Extreme fear inflates options premiums, eroding risk/reward for both calls and puts. News Flow: Bearish institutional forecasts and recession warnings clash with Berkshire's resilience narrative. Options Data