SPY Iron Condor Options Trade Plan 2025-06-03

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SPY Neutral Options Analysis Summary (2025-06-03)

Comprehensive Summary of Each Model’s Key Points

GK Report

Technicals: SPY at $596.58, short-term bullish but overbought on 5-min RSI and near upper Bollinger Band; daily trend up but resistance near $595.54. Sentiment: VIX down at 18.54; news rotation into value; max pain at $585. Conclusion: Moderately range-bound between ~$585–606. Trade: Iron Condor (short 585 put/583 long, short 606 call/608 long), wing = $2, credit ≈$0.32, entry at open, 50% profit target, 70% confidence.

CD Report

Technicals: Bullish across MAs; 5-min overbought RSI; daily MACD slightly negative. Sentiment: VIX normal; strong put interest at $585; call interest 600–610; max pain $585. Range: $585–605 moderately bound. Trade: Iron Condor (sell 605 call/608 long; sell 586 put/583 long), wing = $3, total credit $0.85, 1:2.55 R/R, entry at open, 72% confidence.

GM Report