TRU-SENTIMENT · DeltaNeutral
EWJ Trading Analysis - 09/18/2026 12:28 PM — TRU-SENTIMENT
Options chain · Stock chart · Baseline chart
EWJ (iShares MSCI Japan ETF) at $96.69. True Sentiment Bearish, delta 40-60 call 1% / put 99%, call $2,855 vs put $208,090. RSI 53.6.
- Symbol
- EWJ
- Price
- $96.69
- Article bias (separate from True Sentiment)
- neutral
- Conviction
- medium
- Published
- 2026-09-18 12:28:00 ET
- Author
- DeltaNeutral staff
TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)
True Sentiment Analysis (Delta 40-60 Options):Overall options flow sentiment: Bearish, with a put-call ratio of 98.6%.
Call vs Put dollar volume analysis: The put dollar volume ($208,090) significantly exceeds the call dollar volume ($2855), indicating strong bearish conviction.
Pure directional positioning suggests near-term bearish expectations.
No notable divergences between technical and sentiment.
Key Statistics: EWJ
📈 Analysis
News Headlines & Context:
Recent news headlines for EWJ include:
- Japan's Nikkei 225 index has been experiencing volatility due to concerns over the country's economic growth and the impact of global trade tensions.
- The Bank of Japan has maintained its dovish stance, keeping interest rates low, which could support the EWJ ETF.
- Investors are closely watching the US-Japan trade relations, as any significant developments could impact EWJ's performance.
These headlines suggest that EWJ may be influenced by global trade tensions, economic growth concerns, and monetary policy decisions.
Fundamental Analysis:
No fundamental data provided.
Current Market Position:
Current price: $96.70
Recent price action: The stock has been trading in a range, with a slight upward trend.
Key support and resistance levels:
Intraday momentum and trends: The minute bars show a relatively stable trend with minor fluctuations.
Technical Analysis:
SMA trends:
RSI: 53.6, indicating a neutral momentum.
MACD: Bullish, with a MACD line above the signal line.
Bollinger Bands: The stock price is trading near the middle band, indicating a stable trend.
30-day high/low: The stock price is currently trading near the middle of its 30-day range.
True Sentiment Analysis (Delta 40-60 Options):
Overall options flow sentiment: Bearish, with a put-call ratio of 98.6%.
Call vs Put dollar volume analysis: The put dollar volume ($208,090) significantly exceeds the call dollar volume ($2855), indicating strong bearish conviction.
Pure directional positioning suggests near-term bearish expectations.
No notable divergences between technical and sentiment.
Key Price Levels:
Support:
Resistance:
Entry:
Target:
Stop Loss:
25-Day Price Forecast:
EWJ is projected for $97.50 to $100.20.
Rationale: Based on current SMA trends, RSI momentum, MACD signals, and recent volatility (ATR), the stock is expected to continue its upward trend with some fluctuations.
Defined Risk Strategy Recommendations:
Based on the price forecast, consider the following defined risk strategies:
-
Bull Call Spread: Buy EWJ 261016C00096000 (strike $96.0) and sell EWJ 261016C00098000 (strike $98.0).
View EWJ Options Chain - Bear Put Spread: Buy EWJ 261016P00096000 (strike $96.0) and sell EWJ 261016P00094000 (strike $94.0).
- Iron Condor: Sell EWJ 261016C00097000 (strike $97.0) and EWJ 261016P00095000 (strike $95.0), then buy EWJ 261016C00098000 (strike $98.0) and EWJ 261016P00094000 (strike $94.0).
Risk Factors:
Technical warning signs: None.
Sentiment divergences: The bearish sentiment may be a contrarian indicator.
Volatility and ATR considerations: The ATR is relatively stable, indicating manageable volatility.
Anything that could invalidate the thesis: Unexpected global trade developments or economic growth concerns.
Summary & Conviction Level:
Overall bias: Neutral.
Conviction level: Medium.
One-line trade idea: Consider defined risk strategies based on the current technical and sentiment analysis.