SPY 0DTE Options Trade Plan 2025-05-08

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SPY 0DTE Analysis Summary (2025-05-08)

Model Summaries

Grok/xAI Report

Technicals across timeframes are bullish: SPY trades above 10/50/200 EMAs on 1-, 5-, and daily charts. RSI not overbought on 1- and 5-minute, mild overbought daily. MACD supports bullish momentum. Bollinger analysis suggests room to the upside on intraday charts. VIX at 23.23 is elevated but not extreme; news from Trump is modestly bullish. Recommends 0DTE $570 call at $0.33, profit target $0.43–$0.50, stop loss $0.264 (20% below), confidence 70%.

Claude/Anthropic Report

SPY at $569.16 after a 1% rally, trading above all key MAs. RSI and MACD across timeframes align bullish. VIX rising signals caution but news catalysts and MACD/daily trend justify moderately bullish bias. Options flow: heavy $570 call OI (13.3k). Recommends buy $570 call at $0.33–$0.35, profit target $0.66 (100% gain), stop loss $0.17 (50% loss), time-based exit by 2 PM ET, confidence 72%.