SPY Weekly Options Trade Plan 2025-05-28

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SPY Weekly Analysis Summary (2025-05-28)

Comprehensive Summary of Each Model’s Key Points

Grok/xAI Report

Technicals: SPY at $589.49 is below the 5-min 10-EMA but above the 50-EMA, near the lower Bollinger Band, with RSI oversold (39.7) and MACD bearish but weakening. Daily chart remains bullish (above 10-EMA, RSI 63.8) despite a short-term pullback. Sentiment: VIX rising to 18.96, max pain at $580. Trade: Buy the $598 call expiring 05/30 for $0.98, targeting a bounce.

Claude/Anthropic Report

Technicals: Similar oversold 5-min setup, M5 RSI 39.7, price at lower band, MACD bearish; daily uptrend intact. Sentiment: VIX normal but rising, balanced options flow, max pain $580. Trade: Buy the $591 call expiring 05/30 at $3.37 (ITM) for a mean-reversion bounce.

Llama/Meta Report

Technicals: Mixed signals—short-term bearish, long-term support at daily 200-EMA. Sentiment: Max pain $580, high put OI below current price suggests downside. Trade: Buy the $589 put expiring 05/30 at $3.65 for a move toward max pain.