SE PUT 10/27/2023

Daily Time Frame

SE is on a trending parallel with a gap down today

1 Hour Timeframe

SE has a liquidity zone from $45.76 - $45.51 that has already been bounced off of multiple times. This creates a watering hole so more touches on a zone means the more price wants to break through it

SE has a liquidity grab at $44.76 - $45.51 so we can expect maybe a little bounce but eventually a break through

SE has a pivot at $42.36 - $41.74, if price comes into this zone we can expect it to chop and shoot through.

Option Chain

10/27/2023

CALL Imbalance at 45 Strike (8466 - 164)
ITM CALL Imbalance at 42 Strike (1234 - 224)
PUT Imbalance at 46.5 Strike (1020 - 62)