SPY

SPY
$737.55 -2.59% As of Jun 7, 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 Downside Momentum Builds Near $737.55

Bearish
Jun 7, 2026 at 12:08 AM $737.55 (-2.59%)

Shares of SPY (SPY) declined 2.59% to $737.55 on June 7.

From a technical standpoint, the outlook appears bearish:

Moving Averages Price hovers around the 9-day EMA ($750.19), while the 21-day ($742.92) provides a key reference.
Momentum RSI at 49.6 is neutral but weakening. MACD reads 9.98 against its 12.07 signal line (bearish).
Volatility Bollinger Band width at 4.3% indicates low volatility.

Support sits at $730.13 with resistance at $762.45.

SPY Sellers Gain Momentum Edge at $737.55

Bearish
Jun 6, 2026 at 12:48 AM $737.55 (-2.59%)

Caution: SPY MACD Histogram Turns Red at $737.55

Bearish
Jun 5, 2026 at 9:00 PM $737.55 (-2.59%)

SPY Surges to $757.09 on EMA Golden Cross

Bullish
Jun 5, 2026 at 12:06 AM $757.09 (+0.38%)

SPY Holds Bullish Structure Above $757.09

Bullish
Jun 4, 2026 at 9:00 PM $757.09 (+0.38%)
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Key Stats

Entry Price $0.50
Max Profit $0.50
Max Loss $0.50
Days to Exp -9
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.