📍 SPX Spot Reference: 6512.61
📅 0DTE Expiration: September 10, 2025
📊 Max Pain: 6475
📐 Bias: Bullish control unless 6500 is lost early
Grandma’s Opening Quote:
“Bulls stacked high, sugar. But if they don’t flip fast, we might get syruped from the top down.”
📈 If We Go Up From Here
| Magnet | Level | What’s There |
| M1 | 6525 | Strong call OI (2,104), volume 7,400 — first upside objective |
| M2 | 6530 | Higher call stack (2,646), cleaner breakout zone |
| M3 | 6550 | Stretch magnet — 2,590 OI, but less likely without a catalyst |
UP
🧠 What it Means:
If bulls defend 6510 and push early, expect 6525–6530 to draw price in. 6550 only comes into play on a squeeze or broader index strength.
📉 If We Go Down From Here
| Magnet | Level | What’s There |
| D1 | 6500 | 🔥 Largest OI on the board (4,822), most volume (20,445) — pivot magnet |
| D2 | 6475 | 🎯 Max Pain — second highest OI (4,998), could attract end-of-day pinning |
| D3 | 6450 | Defensive shelf, largest downside OI (5,604) — bears would need momentum |
DOWN
🧠 What it Means:
If price loses 6500, expect magnets to pull toward 6475. Below that, 6450 is a heavier put base — unlikely unless flow turns bearish.
🧭 Grandma’s Playbook – If/Then Logic
| Direction | Trigger | Magnet | Stretch |
| ⬆️ Long | Hold above 6510 | 6525 → 6530 | 6550 |
| ⬇️ Short | Lose 6500 | 6475 → 6450 | Only if trend shifts |
🔍 Final Setup Summary:
- 6500 is the control pivot for the day
- Bulls want to stay above 6510 and press into 6525–30
- Bears will need to break 6500 early and push into Max Pain territory
- Watch VWAP behavior around 6500 — pin risk is elevated into expiration
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.