Grandma’s SPX 0DTE Outlook — Monday, November 3 2025
In this concise market outlook, the presenter (Grandma) delivers a tactical briefing for traders targeting SPX zero‑days‑to‑expiration (0DTE) options on Monday, November 3 2025. The SPX index is quoted at 6,894.20 with a max‑pain level at 6,860 and a net‑POS of –46.7 M, indicating a large short‑call exposure. The market is currently above the “magnet” (mean‑reversion level) at 6,860, suggesting an early fade of any upward rally and a likely range‑bound chop. Key price zones are outlined: resistance/fade zone 6,885‑6,900, support/buyer‑defense 6,825‑6,850, and a magnet at 6,860. Volume‑flow cues point to put‑dominance below 6,850. The presenter’s bias is metaphorically expressed as “let the tea cool before you sip,” meaning traders should wait for price to retreat before entering. Specific playbook actions are provided: fade short rallies above ~6,885 targeting 6,860; scalp the 6,850‑6,875 chop for quick 10‑15‑point moves; momentum short below 6,850 targeting 6,825‑6,800; and breakout long above 6,900 with volume confirmation targeting 6,925‑6,940. The overall message is that Monday will be a scalper’s game, with price likely oscillating between 6,850 and 6,885, and traders should stay nimble, using the outlined levels and volume cues.
