SPY 0DTE Options Premarket 2025-05-06

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SPY 0DTE Analysis Summary (2025-05-06)

Model Summaries

Grok/xAI Report

Technicals (1- and 5-min): SPY trading below 10/50/200 EMAs, RSI at ~35/19 (bearish but near oversold), MACD negative, price near lower Bollinger bands. Daily: Uptrend intact but showing signs of slowing; RSI ~60+, MACD narrowing. Sentiment: VIX at 23.64 falling; mixed news (Buffett bearish vs. Wood bullish); option chain heavy OI in calls > current price and puts < current price. Direction: Moderately bearish. Trade: Buy 0DTE $559 put @ $0.95. Profit target ~50% (to ~0.475), stop if SPY >565.00. Confidence 75%.

Claude/Anthropic Report

Technicals: SPY below all key MAs on 1- and 5-min; deep oversold on 5-min RSI (~19); MACD negative; price testing intraday support near $563.37/$562.43. Sentiment: VIX elevated but falling; mixed headlines; max pain $562 suggests downside. Direction: Moderately bearish. Trade: Buy 0DTE $558 put @ $0.76. Profit target 50–75% ($1.14–$1.33), stop-loss at 30% ($0.53), exit by 11:30 ET. Confidence 72%.

Gemini/Google Report