# 🏦 SPX Weekly Options Analysis – 8/18
📉 **Market Context**
* Mixed signals across metrics → weak bearish bias
* Price below VWAP → potential short-term downside
* Volume insufficient → low conviction
* Call/Put ratio neutral → no strong directional bias
---
## 🎯 Trade Setup (Cautious Put)
* **Instrument**: SPX
* **Direction**: PUT (SHORT)
* **Strike**: 6440
* **Expiry**: 2025-08-18
* **Entry Price**: \$0.60
* **Profit Target**: \$1.20
* **Stop Loss**: \$0.30
* **Size**: 1 contract
* **Confidence**: 60%
* **Entry Timing**: Market Close
---
## 📈 Breakeven @ Expiry
👉 6439.40 (Strike – Premium)
SPX must **close < 6439.40 by market close** to profit at expiry.
---
## 🧠 Key Risks
* Mixed signals → potential whipsaw ⚡
* Market structure unclear → downside not guaranteed
* Theta decay risk → short-term option, fast time decay
---
# ⚡ SPX 6440P SHORT PLAY ⚡
🎯 In: \$0.60 → Out: \$1.20
🛑 Stop: \$0.30
📅 Exp: 8/18
📈 Bias: Weak Bearish, trade cautiously 🐻
---
📊 **TRADE DETAILS JSON**
```json
{
"instrument": "SPX",
"direction": "put",
"strike": 6440.0,
"expiry": "2025-08-18",
"confidence": 0.60,
"profit_target": 1.20,
"stop_loss": 0.30,
"size": 1,
"entry_price": 0.60,
"entry_timing": "close",
"signal_publish_time": "2025-08-18 15:02:25 UTC-04:00"
}
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Free Signals Based on Latest AI models💰: QuantSignals.xyz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.