📍 Open Price: 6415.54
📆 0DTE Expiration: Sept 3, 2025
📊 Max Pain: 6450
🎯 Bias: Bearish-to-neutral unless bulls reclaim key levels
🥞 Grandma’s Opening Quote:
“We opened under the syrup line, baby. If we don’t get some heat early, this pancake might slide right off the griddle.”
📉 If We Go Down from Here
| Level | Why It Matters |
|---|---|
| 6410 | First test zone at open — small OI cushion, but not strong defense |
| 6400 | Largest combined put/call OI today (4,941 total) — price magnet |
| 6390 | Lower shelf — weaker OI, could bounce but risk zone if broken |
🧠 Read:
Failure to hold 6410 early likely drags us into 6400, where the heaviest OI concentration sits today. Below that, movement can accelerate into thinner volume.
📈 If We Go Up from Here
| Level | Why It Matters |
|---|---|
| 6425 | Early resistance — light OI (742), possible pause point |
| 6440 | Moderate call/put OI, both sides active — breakout only if momentum builds |
| 6450 | 🎯 Max Pain — biggest pain point for both sides; likely to act as intraday ceiling |
🧠 Read:
If bulls take back 6425, a grind to 6440–6450 is possible, but it’ll need strength — otherwise, expect fade.
🎯 Grandma’s If/Then Playbook
| Move | Trigger Level | Target | Stretch |
|---|---|---|---|
| ⬇️ Downside | Below 6410 | 6400 | 6390 |
| ⬆️ Upside | Above 6425 | 6440 | 6450 |
🧭 Final Word:
- Bulls need to quickly reclaim 6425 or risk dripping into 6400
- 6400 is the largest OI magnet of the session
- 6450 likely caps moves unless news/fuel shows up
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.