SPY 0DTE Options Trade Plan 2025-06-18
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SPY 0DTE Analysis Summary (2025-06-18)
Analysis and Summary of SPY 0DTE Options Trading
1. Market Data Overview
Current SPY Price: $599.22 Max Pain Level: $599.00
Call Options (Focus on Out-of-the-Money)
Strike Prices above Current Price: Highest volume and open interest at $601.00 ($0.85 ask). Observations: Call premiums are attractive but lower volume in lower strikes, indicating potential caution from buyers at higher strikes.
Put Options (Focus on At-the-Money)
Strike Price near Current Price: $599.00 put ($1.75 ask) shows significant open interest (4,381). Volumes: Increased activity in puts suggests bearish sentiment, especially with the high OI in lower strikes.
2. Technical Analysis Using Different Timeframes
1-Minute Chart:
RSI: 61.68, indicating slightly overbought conditions. Bollinger Bands: Price tested upper band, suggesting possible resistance at $599.73. 5-Minute Chart: