S&P500 Futures ES Priority way on 01.11.
E-mini S&P 500 Futures Analysis
Key Parameters:
Current Futures Price: 5753.5.
Open Interest (OI):
Put Options: 580,174 contracts.
Call Options: 95,315 contracts.
OI P/C Ratio: 6.09 — Strong Bearish sentiment, with an overweight on the side of open put options.
Volume:
Put Options: 319,695 contracts.
Call Options: 86,654 contracts.
P/C Volume Ratio: 3.69 — Put Options activity is growing, which may indicate a strengthening of the bearish sentiment.
Key Levels and Takeaways:
Key OI-based levels:
5600-5400: Area of significant open interest in put options. These levels may act as support in case of a sharp price drop.
5700: High interest in put options near the current price, which may increase downward pressure on the price.
5800-5900: Increasing open interest in call options, which creates resistance in case of a possible price increase.
OI P/C ratio = 6.09:
Significant predominance of open interest in put options indicates bearish sentiment among market participants, who expect the futures to decline.
Trading volume also shows increased activity in put options, which increases the probability of a decline.
Trading recommendations:
Bearish scenario:
If the futures fail to break through the 5750 level or consolidate above the level and start to decline, you can consider a short position with a target at 5600, where a significant support zone begins.
Stop loss: above 5770 to limit the risk of a possible false breakout.
Bullish scenario (less likely):
In case of a breakout of the 5800 level, you can consider a long position with a target at 5900-6000, where there is significant resistance.
Stop loss: below 5750 to avoid the risk of a downward rollback.
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These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
Key Parameters:
Current Futures Price: 5753.5.
Open Interest (OI):
Put Options: 580,174 contracts.
Call Options: 95,315 contracts.
OI P/C Ratio: 6.09 — Strong Bearish sentiment, with an overweight on the side of open put options.
Volume:
Put Options: 319,695 contracts.
Call Options: 86,654 contracts.
P/C Volume Ratio: 3.69 — Put Options activity is growing, which may indicate a strengthening of the bearish sentiment.
Key Levels and Takeaways:
Key OI-based levels:
5600-5400: Area of significant open interest in put options. These levels may act as support in case of a sharp price drop.
5700: High interest in put options near the current price, which may increase downward pressure on the price.
5800-5900: Increasing open interest in call options, which creates resistance in case of a possible price increase.
OI P/C ratio = 6.09:
Significant predominance of open interest in put options indicates bearish sentiment among market participants, who expect the futures to decline.
Trading volume also shows increased activity in put options, which increases the probability of a decline.
Trading recommendations:
Bearish scenario:
If the futures fail to break through the 5750 level or consolidate above the level and start to decline, you can consider a short position with a target at 5600, where a significant support zone begins.
Stop loss: above 5770 to limit the risk of a possible false breakout.
Bullish scenario (less likely):
In case of a breakout of the 5800 level, you can consider a long position with a target at 5900-6000, where there is significant resistance.
Stop loss: below 5750 to avoid the risk of a downward rollback.
--------------------------------------------------------------------------------------------------------
These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
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