SPY

SPY
$737.62 +0.83% As of May 10, 12:01 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

SPY Buyers Exhausted? RSI Warns at $737.62

Bearish
May 10, 2026 at 12:01 AM • $737.62 (+0.83%)

Shares of SPY (SPY) rose 0.83% to $737.62 on May 10.

Key indicators suggest a bullish bias:

Moving Averages Price trades above the 9-day EMA ($724.78) with a bullish stack. The 21-day EMA at $711.02 provides support.
Momentum RSI at 75.2 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (14.32 vs signal 12.80).
Volatility Bollinger Band width at 7.0% indicates low volatility.

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

Technical levels: $688.07 support, $738.05 resistance.

Overbought Readings Warn of SPY Pullback at $737.62

Bearish
May 9, 2026 at 12:20 AM • $737.62 (+0.83%)

SPY RSI Hits Extreme Overbought at $737.62

Bearish
May 8, 2026 at 9:00 PM • $737.62 (+0.83%)

SPY Rally Stretched Thin Near $733.83

Bearish
May 7, 2026 at 1:11 AM • $733.83 (+1.39%)

SPY Approaches Resistance Overbought at $733.83

Bearish
May 6, 2026 at 9:00 PM • $733.83 (+1.39%)
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 -9
Trade Date Mar 26, 2026

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Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.