SPY 0DTE Options Trade Plan 2025-05-02

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SPY 0DTE Analysis Summary (2025-05-02)

Model Summaries

Grok/xAI Report

SPY closed near $565.51 with a slight 5-day bullish trend. Short-term (1- and 5-min) EMAs bullish; 1-min MACD just turned positive; 5-min MACD divergence suggests slowdown. Daily chart shows bullish momentum but nearing overbought RSI. VIX falling from elevated levels; news mixed. Max pain at $551 far below spot. Recommends a moderately bullish naked call: buy the 0DTE $567 call at $0.68, profit target +50% premium, stop-loss at –25% premium, enter at open. Confidence 65%.

Gemini/Google Report

Mixed short-term signals: 1-min MACD histogram turned negative; 5-min bullish structure but daily very bullish. VIX declining; news mixed; max pain at $551 suggests potential pinning down. Concludes neutral/unclear at open, no trade recommended. Confidence 35%.

Claude/Anthropic Report