Above 6725 it walks up; below 6705 it drifts toward 6690–6675.
🟢 If SPX Moves Up (CALL Lanes)
These are the clean upward paths where Grandma sees smooth travel:
- 6705 → 6725
- 6725 → 6730
- 6730 → 6740
- 6740 → 6750
- 6750 → 6765
- 6765 → 6780
- 6780 → 6800
Above 6800, Grandma says the air gets thin and prices can run freely.
🔻 If SPX Moves Down (PUT Lanes)
These are the clean step-down paths:
- 6705 → 6690
- 6690 → 6675
- 6675 → 6660
- 6660 → 6650
Below 6650, the floor opens and movement widens.
❌ Chop Zones (Avoid These)
These zones tend to trap traders:
- 6715–6725
- 6735–6740
- 6755–6765
📜 Education Only
This letter is for structural understanding, not trading advice.
EDUCATIONAL DISCLAIMER
This analysis is provided for educational purposes only and does not constitute financial advice, investment advice, or trading recommendations. The content presented represents technical analysis of options market structure and price levels based on publicly available data.
All trading and investment activities involve substantial risk of loss. Options trading specifically carries high risk and is not suitable for all participants. Past performance and historical analysis do not guarantee future results. Max Pain and related metrics are theoretical constructs that may not accurately predict actual market behavior.
Readers should conduct independent research and consult with licensed financial professionals before making any investment decisions. The author and Coffee With Q are not registered investment advisors and do not provide personalized investment advice. All trading decisions and their consequences are the sole responsibility of the individual trader.
By reviewing this analysis, you acknowledge that you understand these risks and accept full responsibility for your trading activities.
Coffee With Q – Technical Market Analysis
For educational purposes only