SPY 0DTE Options Trade Plan 2025-04-21

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SPY 0DTE Analysis Summary (2025-04-21)

Summary of Each Model’s Key Points

Grok/xAI Report

SPY at $508.97, down 2.98% over 5 days but showing M1 positive MACD divergence and RSI neutral. Oversold on M5 and Daily; price near lower Bollinger Bands suggests bounce. VIX elevated at 29.65 but trending lower. High put volume at $507/$505, yet calls at $510/$511 indicate some bullish bets. Recommends buying the $510 call (0DTE) at $0.81 for a tactical mean‑reversion play. Confidence 65%.

Claude/Anthropic Report

SPY below key EMAs on all timeframes; oversold M5 RSI (21.2) and rising M1 RSI (50.7) suggest relief bounce. Falling VIX supports potential stabilization. High put OI at $505–$500 strikes, but call interest at $510–$511 for upside. Moderately bullish intraday; recommends $511 call at $0.55. Profit target $1.10, stop $0.27, confidence 65%.

Gemini/Google Report

M1 MACD just crossed bullish, RSI rebounding, price above 10‑EMA; M5 remains deeply bearish but oversold. VIX high but easing; news neutral‐neg. Options skew bearish overall, but short‑term bounce likely. Recommends $511 call at ~$0.55, target $0.85–$0.90, stop $0.30. Hold 30–60 min; confidence 65%.