SPY

SPY
$750.33 -0.60% As of Jun 16, 9:00 PM
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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

SPY Range Contracts Sharply Near $750.33

Neutral
Jun 16, 2026 at 9:00 PM $750.33 (-0.60%)

SPY (SPY) retreated 0.60%, ending the session at $750.33 on June 16.

Technical indicators paint a bullish picture:

Moving Averages Bullish EMA alignment intact with price above the 9-day at $745.14 and 21-day at $742.54.
Momentum RSI at 58.4 is in neutral territory but trending higher. MACD reads 4.70 against its 6.40 signal line (bearish).
Volatility Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.

While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.

The $727.78-$765.10 range defines near-term boundaries.

Calm Before Storm? SPY Squeezes at $754.83

Neutral
Jun 15, 2026 at 9:00 PM $754.83 (+1.77%)

Bulls Push SPY Above Key EMAs to $741.75

Bullish
Jun 15, 2026 at 12:27 AM $741.75 (+0.55%)

Bulls Push SPY Above Key EMAs to $741.75

Bullish
Jun 14, 2026 at 1:11 AM $741.75 (+0.55%)

SPY Rallies to $741.75 on Bullish EMA Alignment

Bullish
Jun 13, 2026 at 2:09 AM $741.75 (+0.55%)
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Key Stats

Entry Price $0.50
Max Profit $0.50
Max Loss $0.50
Days to Exp -18
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.