SPY

SPY
$769.05 +0.34% As of Oct 21, 12:08 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

SPY Range Contracts Sharply Near $769.05

Neutral
Oct 21, 2026 at 12:08 AM • $769.05 (+0.34%)

SPY (SPY) advanced 0.34%, ending the session at $769.05 on October 21.

Chart analysis reveals a mixed configuration:

Moving Averages Moving averages are converging near $770.18 (9-day) and $769.97 (21-day), signaling indecision.
Momentum RSI at 49.8 is showing no strong directional bias. MACD is bearish (0.98 vs signal 2.00).
Volatility Volatility has been compressing for 5 sessions (TTM Squeeze active), often a precursor to directional moves.

Support sits at $759.76 with resistance at $781.47.

SPY Enters Squeeze Mode at $769.05

Neutral
Oct 20, 2026 at 9:01 PM • $769.05 (+0.34%)

SPY Downside Momentum Builds Near $766.48

Bearish
Oct 20, 2026 at 12:00 AM • $766.48 (+0.43%)

Bearish Divergence Emerges for SPY at $766.48

Bearish
Oct 19, 2026 at 9:01 PM • $766.48 (+0.43%)

SPY Loses Momentum as MACD Crosses Down at $763.25

Bearish
Oct 18, 2026 at 12:08 AM • $763.25 (-1.11%)
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 -145
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.