The SPDR S&P 500 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. For SPY Options Trading, SPDR call and put options have an underlying value of 100 SPDRs so, for example, if the SPDR is priced at 1.00, the underlying notional value covered by one SPDR option would be $100. With Monday, Wednesday & Friday expirations priced in increments of $0.50.
SPY options are the bread and butter for Fibonacci trading and trend trading strategies and the most popular asset to learn to trade options.
2020 Range: (217.75 – 378.46)
2020 Close: 373.88
Get this week and next week’s SPY Options Trade Forecast view by clicking here
Weekly Chart
Daily Chart
5 Day Chart
Get the SPY Monthly and LEAP Options Trade Forecast view by clicking here
Pivot Points
(updated weekly after Friday’s close)
| Support/Resistance Levels | Price | Key Turning Points |
|---|---|---|
| 14 Day RSI at 80% | 539.53 | |
| 14 Day RSI at 70% | 497.29 | |
| 13-Week High | 473.54 | |
| 52-Week High | 473.54 | |
| 1-Month High | 472.87 | |
| Last | 470.60 | Last |
| 463.72 | 38.2% Retracement From 4 Week High | |
| 463.51 | 14 Day RSI at 50% | |
| 460.90 | 50% Retracement From 4 Week High/Low | |
| 458.07 | 38.2% Retracement From 4 Week Low | |
| 455.52 | 38.2% Retracement From 13 Week High | |
| 449.95 | 50% Retracement From 13 Week High/Low | |
| 1-Month Low | 448.92 | |
| 444.38 | 38.2% Retracement From 13 Week Low | |
| 432.01 | 38.2% Retracement From 52 Week High | |
| 13-Week Low | 426.36 | |
| 14 Day RSI at 30% | 420.26 | |
| 419.18 | 50% Retracement From 52 Week High/Low | |
| 406.35 | 38.2% Retracement From 52 Week Low | |
| 14 Day RSI at 20% | 366.19 | |
| 52-Week Low | 364.82 |
