Grandma’s SPX & SPY ZERO DTE Analysis Friday, October 31 2025
In this brief market commentary, the speaker—referred to as “Grandma”—provides a zero‑day‑to‑expiration (ZERO DTE) options trading plan for the S&P 500 index (SPX) and the SPDR S&P 500 ETF (SPY) on Friday, October 31 2025. She cites the current index levels (SPX 6,827; SPY 682.7) and outlines specific breakout thresholds: calls are considered when SPX exceeds 6,850 and SPY exceeds 685, with target upside ranges of 6,875‑6,900 for SPX and 687‑689 for SPY. Conversely, puts are triggered when SPX falls below 6,800 and SPY below 681, targeting downside ranges of 6,750‑6,775 for SPX and 676‑678 for SPY. A “chop zone” (SPX 6,800‑6,850; SPY 681‑685) is identified as a low‑energy area where the market may range, prompting traders to scalp edges or stay flat. The overarching bias is that markets are “on the fence” and the first mover who correctly anticipates a breakout will profit. The game plan advises buying calls above the breakout levels for upside, buying puts below the breakdown levels for downside, and remaining neutral within the chop zone.
