Based on the fresh August 29, 2025 options chain and net flow data, here’s Grandma’s Official SPX Pancake Analysis — Friday edition. 🍳
🎯 SPX Spot: 6501.86 (previous close)
Big OI. Big Premiums. Big Setup. Let’s flip.
📈 If We Go Up from Here
| Magnet | Level | What’s There |
|---|---|---|
| M1 | 6500 | 🔥 Top OI of the day (15,753), bulls’ primary stack |
| M2 | 6525 | High volume + rising interest, next stack to flip |
| M3 | 6550 | Stretch target, active chase zone |
🧠 What it Means:
6500 is the call wall and the hot buttered center of the bull case. If buyers hold above that, 6525 becomes the magnet.
6550? That’s the syrupy chase zone if things really heat up.
📉 If We Go Down from Here
| Magnet | Level | What’s There |
|---|---|---|
| D1 | 6485 | Decent OI (3,500+), shallow dip zone |
| D2 | 6475 | 7,400+ OI, decent volume — bears start circling here |
| D3 | 6450 | ⚠️ Massive put/call interest (19,274 OI), support or drop zone |
🧠 What it Means:
If sellers show up, 6485 is the shallow dip.
Break that, and we slide to 6475, possibly 6450 if pressure builds. That’s where it could get messy.
🧭 Grandma’s Final Word
“6500’s the top flapjack. If we can hold the griddle, the bulls might flip two more.
But if the butter slips, we’re sliding down to 6450 real quick.”
⚠️ IMPORTANT DISCLAIMER
This content is for educational purposes only and should not be considered financial advice. Trading involves substantial risk and may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making any trading decisions. The author assumes no responsibility for any losses that may occur from following this information.