SPY 1DTE Options Trade Plan 2025-06-17
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SPY 1DTE Analysis Summary (2025-06-17)
Comprehensive Analysis of SPY 0DTE Options Trading
1. Technical Analysis Summary
Current Price: $599.75 1-Minute Chart: Price is above the 10-period EMA but below key 50-period and 200-period EMAs, indicating short-term bullish momentum with potential overhead resistance. 5-Minute Chart: Price is below all key EMAs, showing a bearish tendency, with RSI at 38 suggesting oversold conditions. Recent price action indicates strong resistance around $600. Daily Chart: Long-term trend remains bullish with RSI nearing overbought levels (65.60) but shows signs of exhaustion with a weakening MACD. Support & Resistance Levels: Key support at $598.57, immediate resistance at $599.81, and strong resistance around $600.20-601.58.
2. Market Sentiment Integration
VIX: Currently at 19.27, indicating elevated market volatility and rising fear. This could lead to downward pressure on equities. News Impact: Ongoing geopolitical tensions and economic concerns contribute to a bearish market sentiment. Options Chain Data: There is high open interest for put options, especially at $590 and $593, indicating bearish sentiment. The premium for puts near current price ranges is attractive, with significant liquidity.
3. Directional Determination