GEX Analysis for AAPL - December 13, 2024Current Price: $247.05
IVR: 8.3
IVx Average: 20.2
Options Sentiment: Moderately bullish with 26.7% in Calls.
Key Levels:
* HVL (High Volume Level): $245.00
* Support Levels:
* First Support: $245.00 (PUT Support)
* Second Support: $242.50 (2nd PUT Wall)
* Major Support: $240.00 (3rd PUT Wall)
* Resistance Levels:
* First Resistance: $247.50 (3rd CALL Wall)
* Second Resistance: $250.00 (2nd CALL Wall, Highest Positive NETGEX Level)
* Extended Resistance: $255.00 (GEX7 Level)
Market Sentiment:
* AAPL is hovering near a critical volume level at $245.00, showing mixed momentum. A breakout above $247.50 could lead to bullish continuation toward $250.00 or $255.00.
* Failure to hold above $245.00 may shift sentiment bearish, targeting $242.50 and possibly $240.00.
Actionable Strategy:
* Bullish Setup: Long positions above $247.50, targeting $250.00, with a stop loss at $246.50.
* Bearish Setup: Short positions below $245.00, targeting $242.50, with a stop loss at $246.00.
Reminder:
Always verify updated IVR and IVx metrics for live market conditions before entering trades. These provide critical real-time insights.
Disclaimer: This analysis is for educational purposes only. Please perform your own research before trading.