🧓 Grandma’s SPX Market Analysis 0DTE Positioning for September 22, 2025

Date: September 22, 2025
Spot Close: 6685.43
VIX: 16+ (Elevated — favors option premium selling and intraday reversion)
Max Pain: 6585
Volume clusters: 6650 ↔️ 6700
IV Rank: Elevated but cooling as Powell’s impact settles in.

🎯 Market Outlook

🟢 Bullish Case

• Trigger: Hold above 6675
  
• Target 1: 6700 (call wall)
  
• Target 2: 6710–6720 (extension fuel)
  
• Invalidation: Break back below 6665
  

“Buyers don’t need to go far — just defend the top shelf and let gamma gravity do the lifting.”

🔻 Bearish Case

• Trigger: Break below 6660
  
• Target 1: 6650 (first magnet + liquidity pocket)
  
• Target 2: 6625 / 6600 (if trend strengthens)
  
• Invalidation: Recovery above 6675–6680
  

“If they lose their footing, it’s a quick tumble to 6650 where bears reload.”

🔥

• Tight clustering between 6650–6700 → pinball zone
  
• Heavy call OI at 6700 = likely magnet/pin unless we see major breakout volume
  
• Put walls below 6625–6600 offer strong support if flushed
  

📌 Grandma’s Final Call

“Markets want to pin 6700. But if they slip on the butter (6680), it’s a short stack down to 6650. I’m not fighting gamma this close to expiration — just flipping pancakes at the range edges.”

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.