SPY

SPY
$770.19 -0.39% As of Sep 6, 1:34 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

Low Volatility Setup: SPY Squeezes at $770.19

Neutral
Sep 6, 2026 at 1:34 AM $770.19 (-0.39%)

SPY (SPY) retreated 0.39%, ending the session at $770.19 on September 6.

From a technical standpoint, the outlook appears mixed:

Momentum RSI at 55.4 is showing no strong directional bias. MACD reads 3.08 against its 3.74 signal line (bearish).
Moving Averages Moving averages are stacked bullishly—9-day EMA ($768.14) supports, 21-day ($766.02) below.
Volatility Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.

The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.

Support sits at $760.41 with resistance at $777.70.

SPY Consolidation Compresses at $770.19

Neutral
Sep 5, 2026 at 12:03 AM $770.19 (-0.39%)

Energy Building: SPY Consolidates Tightly at $770.19

Neutral
Sep 4, 2026 at 9:01 PM $770.19 (-0.39%)

Traders Watch SPY Squeeze Closely at $773.17

Neutral
Sep 3, 2026 at 9:01 PM $773.17 (+1.05%)

SPY Momentum Turns Negative at $765.16

Bearish
Sep 3, 2026 at 1:01 AM $765.16 (+0.45%)
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 Apr 21, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.