SPY

SPY
$773.26 +0.62% As of Aug 9, 12:43 AM
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Trade Idea

Strategy
Bull Call
Strikes
$655/656
Expiration
May 1
Target ROI
100.0%
Trade Reasoning
The Bull Call Spread on SPY is a strategic play based on the positive and rising MACD, signaling strong bullish momentum in the stock's price direction. With the current stock price at $654.48, entering the spread at this level allows us to capitalize on an anticipated upward movement while limiting our risk. The ATM spread structure enhances our risk/reward profile, as it targets a high ROI with minimal exposure to potential losses, aligning perfectly with Maya's disciplined trade management approach. 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.
Bullish Factors
MACD Positive and Rising.

Technical Analysis

Technical Uptrend Accelerates for SPY at $773.26

Bullish
Aug 9, 2026 at 12:43 AM $773.26 (+0.62%)

SPY (SPY) advanced 0.62%, ending the session at $773.26 on August 9.

The technical setup looks bullish:

Momentum RSI at 65.7 is in neutral territory but trending higher. MACD is bullish (6.19 vs signal 2.86).
Moving Averages Price trades above the 9-day EMA ($760.27) with a bullish stack. The 21-day EMA at $752.81 provides support.
Volatility Bollinger Band width at 6.4% indicates low volatility.

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

The $726.09-$774.26 range defines near-term boundaries.

SPY Rallies to $773.26 on Bullish EMA Alignment

Bullish
Aug 8, 2026 at 1:24 AM $773.26 (+0.62%)

Moving Averages Propel SPY to $773.26

Bullish
Aug 7, 2026 at 9:00 PM $773.26 (+0.62%)

SPY Rides Bullish EMAs Higher to $768.56

Bullish
Aug 6, 2026 at 9:00 PM $768.56 (-0.16%)

Technical Strength: SPY Clears Moving Averages at $769.79

Bullish
Aug 5, 2026 at 9:00 PM $769.79 (-0.20%)
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 -100
Trade Date Mar 26, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.