SPY

SPY
$710.14 +1.21% As of Apr 20, 12:16 AM
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Trade Idea

Strategy
Bull Call
Strikes
$708/709
Expiration
May 29
Target ROI
100.0%
Trade Reasoning
The current stock price of $707.14 is positioned just below the lower strike of $708, indicating a favorable entry point for the Bull Call Spread as the market is poised for a potential upward movement. With no identified technical risk factors, the trade benefits from a clear path to profit as SPY rallies above the lower strike. The ATM spread structure offers an attractive risk/reward profile, allowing for a significant return while keeping losses minimal due to disciplined exit strategies aligned with Maya's methodology. Maya's edge comes from disciplined trade management—knowing when to exit is just as important as when to enter. Subscribe to get real-time open and close alerts that take the guesswork out of trading.

Technical Analysis

SPY Due for Rest After Push to $710.14

Bearish
Apr 20, 2026 at 12:16 AM $710.14 (+1.21%)

SPY (SPY) advanced 1.21%, ending the session at $710.14 on April 20.

The technical picture is bullish:

Moving Averages The stock holds above both the 9-day ($689.46) and 21-day ($677.29) EMAs, confirming the uptrend.
Momentum RSI at 72.9 is elevated in overbought zone, which often precedes pullbacks. MACD reads 8.77 against its 2.19 signal line (bullish).
Volatility Bollinger Band width at 13.3% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Traders are watching $622.14 on the downside and $711.10 on the upside.

SPY Buyers Exhausted? RSI Warns at $710.14

Bearish
Apr 19, 2026 at 12:51 AM $710.14 (+1.21%)

SPY Approaches Resistance Overbought at $710.14

Bearish
Apr 18, 2026 at 12:04 AM $710.14 (+1.21%)

SPY Buyers Exhausted? RSI Warns at $710.14

Bearish
Apr 17, 2026 at 9:00 PM $710.14 (+1.21%)

SPY Technical Picture Brightens at $701.66

Bullish
Apr 17, 2026 at 12:02 AM $701.66 (+0.25%)
Systematic technical analysis • Updated daily after market close
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Key Stats

Entry Price $0.50
Max Profit $0.50
Max Loss $0.50
Days to Exp 38
Trade Date Apr 20, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.