Options Playbooks

Daily plays for SPY, QQQ, IWM

SPY

$638.44

BEARISH
low
SPY Chart
CALLS 639.0c
Entry: $639.24
Stop: $638.47
Targets: $640.19 | $641.15 | $642.11

confirmed break of $639.24 resistance

PUTS 639.0p
Entry: $638.35
Stop: $640.07
Targets: $637.39 | $636.43 | $635.47

confirmed break of $638.35 support

Key Levels

PIVOT: $638.92 R1: $639.24 R2: $639.81 R3: $640.13 S1: $638.35 S2: $638.03 S3: $637.46 RANGE: $0.89

<think> Okay, let me tackle this. The user wants me to analyze the SPY options playbook given the market bias is bearish and volatility is low. First, I need to compare the call and put plays. The m...

QQQ

$564.05

BULLISH
low
QQQ Chart
CALLS 563.0c
Entry: $564.28
Stop: $562.84
Targets: $565.08 | $565.89 | $566.68

confirmed break of $564.28 resistance

PUTS 560.0p
Entry: $563.61
Stop: $565.05
Targets: $562.81 | $562.00 | $561.21

confirmed break of $563.62 support

Key Levels

PIVOT: $564.00 R1: $564.28 R2: $564.66 R3: $564.94 S1: $563.62 S2: $563.34 S3: $562.96 RANGE: $0.66

1. Calls have the better setup as the bullish bias aligns with their upward targets, while puts face a tighter stop above the current price.

IWM

$243.24

BULLISH
low
IWM Chart
CALLS 242.0c
Entry: $243.78
Stop: $243.49
Targets: $244.15 | $244.51 | $244.88

confirmed break of $243.78 resistance

PUTS 240.0p
Entry: $242.77
Stop: $243.06
Targets: $242.41 | $242.04 | $241.68

confirmed break of $242.77 support

Key Levels

PIVOT: $242.95 R1: $243.04 R2: $243.22 R3: $243.31 S1: $242.77 S2: $242.68 S3: $242.50 RANGE: $0.27

<think> Okay, let me try to work through this. The user wants me to analyze an options playbook for IWM. The market bias is bullish, so that's the first thing to note. The volatility is low, which mi...