Overall Market Sentiment: The market exhibited notable declines across major technology stocks and the broader S&P 500 ETF (SPY). High trading volumes accompanied these declines, particularly in NVDA and TSLA, indicating strong selling pressure. Investors should monitor upcoming economic data releases and earnings reports for potential catalysts that could influence market direction.
Please note that market conditions can change rapidly, and it's essential to conduct thorough research or consult a financial advisor before making investment decisions.
SPDR S&P 500 ETF Trust (SPY):
Current Price: $572.71
Change: -$10.41 (-1.78%)
Intraday Range: $570.13 - $580.12
Volume: 80,094,868 shares
Analysis: SPY experienced a notable decline, closing near its intraday low, suggesting increased selling pressure.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
610: Key gamma resistance—bulls must reclaim this level for a reversal.
615-620: If 610 is breached, expect resistance at these levels.
🔹 Put Walls (Support):
575-570: Strong negative GEX area, meaning liquidity could dry up if breached.
565: Next major downside target if bears take control.
🔹 Options Sentiment:
IVX avg: 30.3 (4.75% increase) – Implied volatility is rising, signaling uncertainty.
Put Open Interest: 101.6% – A heavily bearish sentiment, indicating risk of continued downside.
Thoughts
SPY needs to reclaim 580 to avoid further selling pressure toward 570-565.
If 570 fails, expect an acceleration lower to 565-560.
Put positioning is extreme, so any squeeze could lead to a fast recovery, but the trend remains bearish.
🔹 Best Trading Plan:
Bullish Play: Watch for a reclaim of 580 → target 598-610.
Bearish Play: Watch for rejection at 580 or a break below 570 → target 565-560.
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Apple Inc. (AAPL):
Current Price: $235.33
Change: -$0.37 (-0.16%)
Intraday Range: $233.35 - $237.85
Volume: 45,170,419 shares
Analysis: AAPL showed minor losses, trading within a tight range, indicating potential consolidation.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
240: Key resistance—bulls must break above this for further upside.
250: Highest positive NETGEX area—major breakout zone.
🔹 Put Walls (Support):
230: Strong put support—buyers defended this level.
225-220: If 230 breaks, downside acceleration could occur.
🔹 Options Sentiment:
IVX avg: 36.3 (4.21% increase) – Implied volatility is rising, signaling increased uncertainty.
Call Open Interest: Moderate bullish interest above 240.
Thoughts
AAPL must reclaim 240 to regain bullish momentum toward 245-250.
If 230 fails, expect downside toward 225-220.
IVR is high, meaning a big move is coming—watch for a breakout or breakdown.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 240 → target 245-250.
Bearish Play: Watch for rejection at 240 or a break below 230 → target 225-220.
--------------------------------------------------------
Tesla Inc. (TSLA):
Current Price: $263.45
tradingview.com
Change: -$15.66 (-5.61%)
Intraday Range: $260.02 - $277.88
Volume: 98,451,566 shares
Analysis: TSLA faced significant selling pressure, closing near its intraday low, which may indicate bearish sentiment.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
280: Key resistance—TSLA needs to reclaim this level for upside.
300: Major breakout zone—bulls need significant momentum to reach this level.
🔹 Put Walls (Support):
250: Strong put wall—buyers may step in here, but a break could lead to further selling.
249.89: If this level is lost, TSLA could drop sharply.
🔹 Options Sentiment:
IVX avg: 84.9 (7.5% increase) – Implied volatility is soaring, meaning a major move is coming.
Call Open Interest: Only 17.3%, showing weak bullish positioning.
Thoughts
TSLA needs to reclaim 265 for bulls to take control.
If 250 fails, expect downside toward 245-230.
High IVR (93.2) suggests a massive move is coming—be ready for volatility.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 265 → target 280-300.
Bearish Play: Watch for rejection at 265 or a break below 250 → target 245-230.
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Alphabet Inc. (GOOGL):
Current Price: $172.35
Change: -$0.65 (-0.38%)
Intraday Range: $170.25 - $174.81
Volume: 28,301,953 shares
Analysis: GOOGL experienced a modest decline, remaining within its recent trading range.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
175: Key resistance—bulls must break above this to continue the rally.
180: Stronger call resistance, meaning sellers may defend this level.
🔹 Put Walls (Support):
170: Immediate support—holding for now.
165: Major put support—if broken, selling could accelerate.
🔹 Options Sentiment:
IVX avg: 39.5 (2.5% increase) – Implied volatility is slightly rising.
Call Open Interest: 31.12% at 175, showing a possible breakout level.
Thoughts
GOOGL must break 175 for continued upside toward 180.
If 170 fails, expect a move back to 165-160.
With low put pressure and positive GEX, a breakout seems more likely.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 175 → target 177.5-180.
Bearish Play: Watch for rejection at 175 or a break below 170 → target 165-160.
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NVIDIA Corp. (NVDA):
Current Price: $110.57
Change: -$6.76 (-5.76%)
Intraday Range: $110.23 - $116.44
Volume: 321,181,861 shares
Analysis: NVDA saw a sharp decline with high trading volume, suggesting strong selling interest.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
122: First key resistance—NVDA needs to reclaim this for bullish momentum.
130: Stronger gamma resistance, meaning sellers may defend this level.
🔹 Put Walls (Support):
110: Highest negative NETGEX—if this level breaks, a big drop is likely.
105: If selling pressure continues, this will be the next support zone.
🔹 Options Sentiment:
IVX avg: 72.7 (4.83% increase) – Rising implied volatility suggests traders expect big moves.
Call Open Interest: Low at 8.9%, indicating weak bullish positioning.
Thoughts
NVDA must hold 110 to avoid further downside to 105-100.
If 115 breaks, expect a move back to 122-126.
High IVR (51.2) means volatility is increasing—be prepared for a breakout.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 115 → target 122-126.
Bearish Play: Watch for rejection at 115 or a break below 110 → target 105-100.
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Advanced Micro Devices Inc. (AMD):
Current Price: $98.85
Change: -$2.83 (-2.78%)
Intraday Range: $98.28 - $101.07
Volume: 28,984,978 shares
Analysis: AMD declined moderately, closing near its intraday low, indicating potential continued weakness.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
$102-$104: AMD needs to clear this range for a bullish reversal.
$105: Larger call interest here—strong resistance if the stock rallies.
🔹 Put Walls (Support):
$100: Major decision point—if this breaks, AMD could drop fast.
$95: Strongest put wall—bears will likely push toward this level if weakness continues.
🔹 Options Sentiment:
IVX avg: 55.8 (4.43% increase) – Implied volatility is rising, suggesting traders are expecting bigger moves.
Call Open Interest: Low at 12.7%, meaning bulls are not yet aggressively positioned.
Thoughts
AMD is at a make-or-break level at $100.
If $100 holds, we could see a bounce toward $104-$105.
If $98 breaks, AMD could drop toward $95-$90 quickly.
High IVR (47.6) signals increasing volatility—expect a breakout soon.
🔹 Best Trading Plan:
Bullish Play: Look for a breakout above $102, targeting $104-$105.
Bearish Play: If $100 fails, short below $98, targeting $95-$90.
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Meta Platforms Inc. (META):
Current Price: $627.93
Change: -$28.60 (-4.36%)
Intraday Range: $624.31 - $652.99
Volume: 13,446,454 shares
Analysis: META experienced a significant drop, closing near its intraday low, which could signal bearish momentum.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
$660-$700: Heavy resistance—META needs to clear this for a real bounce.
$720: Stronger resistance, unlikely unless a big rally happens.
🔹 Put Walls (Support):
$620: Short-term support—watch for a reaction here.
$600: Critical zone—if broken, META could free-fall.
🔹 Options Sentiment:
IVX avg: 45.3 (5.26% increase) – Implied volatility rising, indicating traders expect bigger moves.
Put Open Interest: High at $600, meaning downside protection is in place.
Thoughts
META is testing key support at $620—a make-or-break zone.
If $620 holds, we could see a bounce toward $660+.
If $620 fails, META could break down toward $600 or lower.
Options data suggests high volatility ahead—be prepared for a sharp move.
🔹 Best Trading Plan:
Bullish Play: Look for a breakout above $655, targeting $660-$700.
Bearish Play: If $620 fails, short below $620, targeting $600-$580.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
Please note that market conditions can change rapidly, and it's essential to conduct thorough research or consult a financial advisor before making investment decisions.
SPDR S&P 500 ETF Trust (SPY):
Current Price: $572.71
Change: -$10.41 (-1.78%)
Intraday Range: $570.13 - $580.12
Volume: 80,094,868 shares
Analysis: SPY experienced a notable decline, closing near its intraday low, suggesting increased selling pressure.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
610: Key gamma resistance—bulls must reclaim this level for a reversal.
615-620: If 610 is breached, expect resistance at these levels.
🔹 Put Walls (Support):
575-570: Strong negative GEX area, meaning liquidity could dry up if breached.
565: Next major downside target if bears take control.
🔹 Options Sentiment:
IVX avg: 30.3 (4.75% increase) – Implied volatility is rising, signaling uncertainty.
Put Open Interest: 101.6% – A heavily bearish sentiment, indicating risk of continued downside.
Thoughts
SPY needs to reclaim 580 to avoid further selling pressure toward 570-565.
If 570 fails, expect an acceleration lower to 565-560.
Put positioning is extreme, so any squeeze could lead to a fast recovery, but the trend remains bearish.
🔹 Best Trading Plan:
Bullish Play: Watch for a reclaim of 580 → target 598-610.
Bearish Play: Watch for rejection at 580 or a break below 570 → target 565-560.
--------------------------------------------------------
Apple Inc. (AAPL):
Current Price: $235.33
Change: -$0.37 (-0.16%)
Intraday Range: $233.35 - $237.85
Volume: 45,170,419 shares
Analysis: AAPL showed minor losses, trading within a tight range, indicating potential consolidation.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
240: Key resistance—bulls must break above this for further upside.
250: Highest positive NETGEX area—major breakout zone.
🔹 Put Walls (Support):
230: Strong put support—buyers defended this level.
225-220: If 230 breaks, downside acceleration could occur.
🔹 Options Sentiment:
IVX avg: 36.3 (4.21% increase) – Implied volatility is rising, signaling increased uncertainty.
Call Open Interest: Moderate bullish interest above 240.
Thoughts
AAPL must reclaim 240 to regain bullish momentum toward 245-250.
If 230 fails, expect downside toward 225-220.
IVR is high, meaning a big move is coming—watch for a breakout or breakdown.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 240 → target 245-250.
Bearish Play: Watch for rejection at 240 or a break below 230 → target 225-220.
--------------------------------------------------------
Tesla Inc. (TSLA):
Current Price: $263.45
tradingview.com
Change: -$15.66 (-5.61%)
Intraday Range: $260.02 - $277.88
Volume: 98,451,566 shares
Analysis: TSLA faced significant selling pressure, closing near its intraday low, which may indicate bearish sentiment.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
280: Key resistance—TSLA needs to reclaim this level for upside.
300: Major breakout zone—bulls need significant momentum to reach this level.
🔹 Put Walls (Support):
250: Strong put wall—buyers may step in here, but a break could lead to further selling.
249.89: If this level is lost, TSLA could drop sharply.
🔹 Options Sentiment:
IVX avg: 84.9 (7.5% increase) – Implied volatility is soaring, meaning a major move is coming.
Call Open Interest: Only 17.3%, showing weak bullish positioning.
Thoughts
TSLA needs to reclaim 265 for bulls to take control.
If 250 fails, expect downside toward 245-230.
High IVR (93.2) suggests a massive move is coming—be ready for volatility.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 265 → target 280-300.
Bearish Play: Watch for rejection at 265 or a break below 250 → target 245-230.
--------------------------------------------------------
Alphabet Inc. (GOOGL):
Current Price: $172.35
Change: -$0.65 (-0.38%)
Intraday Range: $170.25 - $174.81
Volume: 28,301,953 shares
Analysis: GOOGL experienced a modest decline, remaining within its recent trading range.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
175: Key resistance—bulls must break above this to continue the rally.
180: Stronger call resistance, meaning sellers may defend this level.
🔹 Put Walls (Support):
170: Immediate support—holding for now.
165: Major put support—if broken, selling could accelerate.
🔹 Options Sentiment:
IVX avg: 39.5 (2.5% increase) – Implied volatility is slightly rising.
Call Open Interest: 31.12% at 175, showing a possible breakout level.
Thoughts
GOOGL must break 175 for continued upside toward 180.
If 170 fails, expect a move back to 165-160.
With low put pressure and positive GEX, a breakout seems more likely.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 175 → target 177.5-180.
Bearish Play: Watch for rejection at 175 or a break below 170 → target 165-160.
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NVIDIA Corp. (NVDA):
Current Price: $110.57
Change: -$6.76 (-5.76%)
Intraday Range: $110.23 - $116.44
Volume: 321,181,861 shares
Analysis: NVDA saw a sharp decline with high trading volume, suggesting strong selling interest.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
122: First key resistance—NVDA needs to reclaim this for bullish momentum.
130: Stronger gamma resistance, meaning sellers may defend this level.
🔹 Put Walls (Support):
110: Highest negative NETGEX—if this level breaks, a big drop is likely.
105: If selling pressure continues, this will be the next support zone.
🔹 Options Sentiment:
IVX avg: 72.7 (4.83% increase) – Rising implied volatility suggests traders expect big moves.
Call Open Interest: Low at 8.9%, indicating weak bullish positioning.
Thoughts
NVDA must hold 110 to avoid further downside to 105-100.
If 115 breaks, expect a move back to 122-126.
High IVR (51.2) means volatility is increasing—be prepared for a breakout.
🔹 Best Trading Plan:
Bullish Play: Watch for a breakout above 115 → target 122-126.
Bearish Play: Watch for rejection at 115 or a break below 110 → target 105-100.
--------------------------------------------------------
Advanced Micro Devices Inc. (AMD):
Current Price: $98.85
Change: -$2.83 (-2.78%)
Intraday Range: $98.28 - $101.07
Volume: 28,984,978 shares
Analysis: AMD declined moderately, closing near its intraday low, indicating potential continued weakness.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
$102-$104: AMD needs to clear this range for a bullish reversal.
$105: Larger call interest here—strong resistance if the stock rallies.
🔹 Put Walls (Support):
$100: Major decision point—if this breaks, AMD could drop fast.
$95: Strongest put wall—bears will likely push toward this level if weakness continues.
🔹 Options Sentiment:
IVX avg: 55.8 (4.43% increase) – Implied volatility is rising, suggesting traders are expecting bigger moves.
Call Open Interest: Low at 12.7%, meaning bulls are not yet aggressively positioned.
Thoughts
AMD is at a make-or-break level at $100.
If $100 holds, we could see a bounce toward $104-$105.
If $98 breaks, AMD could drop toward $95-$90 quickly.
High IVR (47.6) signals increasing volatility—expect a breakout soon.
🔹 Best Trading Plan:
Bullish Play: Look for a breakout above $102, targeting $104-$105.
Bearish Play: If $100 fails, short below $98, targeting $95-$90.
--------------------------------------------------------
Meta Platforms Inc. (META):
Current Price: $627.93
Change: -$28.60 (-4.36%)
Intraday Range: $624.31 - $652.99
Volume: 13,446,454 shares
Analysis: META experienced a significant drop, closing near its intraday low, which could signal bearish momentum.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
$660-$700: Heavy resistance—META needs to clear this for a real bounce.
$720: Stronger resistance, unlikely unless a big rally happens.
🔹 Put Walls (Support):
$620: Short-term support—watch for a reaction here.
$600: Critical zone—if broken, META could free-fall.
🔹 Options Sentiment:
IVX avg: 45.3 (5.26% increase) – Implied volatility rising, indicating traders expect bigger moves.
Put Open Interest: High at $600, meaning downside protection is in place.
Thoughts
META is testing key support at $620—a make-or-break zone.
If $620 holds, we could see a bounce toward $660+.
If $620 fails, META could break down toward $600 or lower.
Options data suggests high volatility ahead—be prepared for a sharp move.
🔹 Best Trading Plan:
Bullish Play: Look for a breakout above $655, targeting $660-$700.
Bearish Play: If $620 fails, short below $620, targeting $600-$580.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.