SPY

SPY
$747.03 +0.72% As of Aug 2, 12:38 AM
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Trade Idea

Strategy
Bull Call
Strikes
$706/707
Expiration
May 29
Target ROI
100.0%
Trade Reasoning
The current price of SPY at $705.58 indicates a favorable entry point for a Bull Call Spread with strikes at $706 and $707, as it is just below the lower strike, positioning the trade to profit from a potential upward movement. The absence of identified technical risk factors reinforces the bullish sentiment, allowing for a strong likelihood of the stock rising past the sold call strike. This ATM spread structure offers an attractive risk/reward scenario, as it targets a significant ROI while maintaining a defined risk profile. 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

TTM Squeeze Alert: SPY Primed for Big Move at $747.03

Neutral
Aug 2, 2026 at 12:38 AM $747.03 (+0.72%)

SPY (SPY) gained 0.72% to finish at $747.03 on August 2.

The technical setup looks mixed:

Moving Averages Price hovers around the 9-day EMA ($741.76), while the 21-day ($743.14) provides a key reference.
Momentum RSI at 52.6 is in neutral territory but trending higher. MACD reads -0.81 against its -0.04 signal line (bearish).
Volatility Volatility has been compressing for 20 sessions (TTM Squeeze active), often a precursor to directional moves.

Watch $733.09 as support and $758.30 as resistance.

SPY Range Contracts Sharply Near $747.03

Neutral
Aug 1, 2026 at 2:11 AM $747.03 (+0.72%)

SPY Volatility Squeeze Intensifies at $747.03

Neutral
Jul 31, 2026 at 9:00 PM $747.03 (+0.72%)

SPY Range Contracts Sharply Near $741.69

Neutral
Jul 30, 2026 at 9:00 PM $741.69 (+1.68%)

SPY Bands Narrow to Multi-Week Lows at $729.46

Neutral
Jul 29, 2026 at 9:00 PM $729.46 (-1.54%)
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 -65
Trade Date Apr 21, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.