SPY Iron Condor Options Trade Plan 2025-06-03
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SPY Neutral Options Analysis Summary (2025-06-03)
Model Summaries
GK Report
Technicals: SPY at $596.09; short-term EMAs bullish, daily EMAs supportive but MACD divergence and high RSI imply potential pullback. Range Outlook: “Moderately Trending” – not sufficiently range-bound for a neutral strategy. Trade Call: No Iron Condor. Confidence 0%.
CD Report
Technicals & Sentiment: Bullish on 5-min and daily; VIX falling; price consolidating near resistance; Max Pain at $585 suggests gravitational pull. Range Outlook: “Moderately Range-Bound.” Trade Call: Weekly Iron Condor (exp 6-Jun), Short Put 590 / Long Put 587; Short Call 603 / Long Call 606; wing 3; credit $1.10; max profit $110, max loss $190; breakevens 588.90 & 604.10. Execution: Open, limit 1.05–1.15; profit-take 25%; stop on breach; confidence 72%.
GM Report