How large is SPY and what does it cost to hold?

SPY currently manages $698.27B in assets. The annual expense ratio (TER) is 0.09%, deducted directly from fund assets. Portfolio turnover stands at 3%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in SPY?

SPY allocates 33% of its portfolio to Information Technology. The three largest holdings are NVDA (7.6%), AAPL (6.6%), MSFT (4.9%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does SPY pay dividends or distributions?

SPY currently distributes a yield of 1.03%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is SPY's historical performance?

Reported performance for SPY: year-to-date 66.41%, 3-year cumulative 18.52%, 5-year cumulative 11.88%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for SPY?

As of the most recent session, SPY closed at $755.72. The swing trend is negative with ADX at 52.9 (strong trend strength). Momentum is bearish and has been running for 10 trading days. A Golden Cross is in place All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for SPY?

The most recent Trendchange signal for SPY fired on 06.07.26 at $751.28. The position has been open for 12 trading days. Performance after 10 days: -1.06%. The system's historical edge across 106 tracked signals is +1.85%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

SPY – State Street SPDR S&P 500 ETF Trust

ETF

Large Blend | Inception: 1993-01-22

SPY Supertrend Chart

Quick Stats

Trend Signal

$755.72

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

+1.85%

Signal Edge

Slim positive edge across 5 signals – treat with caution

52.9

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

91%

IV-Rank (52w)

Options are historically expensive – premium selling favored

38% / 62%

Call / Put Flow

Bearish positioning – put premium dominates options flow

Last Trendchange Signal

06.07.26

Date

Signal entry date

$751.28

Entry Price

Closing price at signal date

12d

Days Held

Trading days since signal

-1.06%

+10d

Return after 10 trading days

-1.74%

+20d

Return after 20 trading days

-1.74%

+30d

Return after 30 trading days

-1.74%

+60d

Return after 60 trading days

Trend Overview

Breakout – Downside Composite Score: +1 / 7

SPY has just broken out of a 0-day volatility compression to the downside. Compressions of this length tend to resolve with a sustained directional move rather than a brief spike. Sellers have taken control out of the compression. The path of least resistance is now lower until a clear reclaim is confirmed.

What to watch

Avoid catching a falling knife. Wait for stabilisation and a reclaim of the breakout level before considering any long exposure.

Options Signal Highlight

HIGH Strength 13 Short Call 📖 View full options analysis →

SPY Price Chart

Technical Trend Analysis

As of 30.10.2026 · Close: $755.72 · ATR14: $1.02

Breakout – Downside Composite Score: +1 / 7

What to watch

Avoid catching a falling knife. Wait for stabilisation and a reclaim of the breakout level before considering any long exposure.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -10d	Strength: -0.14 – Fading
Trend Strength (ADX)	52.9 – Strong	ADX38: 22.5
Volatility (HV30)	10.5% – Calm	HV90: 11.3% \| HV180: 13.1%
Vola Compression	Breakout – Downside	Prior compression: 0d
MA Structure	Golden Cross ✓	Stack: Fully aligned – bullish stack
EMA21 Distance	-1.54 ATR ↑	EMA21: $764.43
GD200 Extension	3.6 ATR – Normal	GD20: -1.9 \| GD50: -1.5 \| GD100: -0.5

🟡 Downside Momentum Easing

Downward momentum has run -10 days but strength is decreasing (-0.14). The move may be exhausting.

💪 Trend Strength – ADX14: 52.9 (Strong)

A strong and well-defined trend. ADX38: 22.5. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 10.5% | HV90: 11.3% | HV180: 13.1%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

💥 Compression Breakout – Downside

A 0-day compression was followed by a downside breakout. Watch for volume confirmation and follow-through.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $767.49 above GD200 $728.85 by 5.30%. Long-term structure is bullish. MA stack: Fully aligned – bullish stack.

⚡ EMA21 – Fresh Cross

Price has just crossed the 21-day EMA at $764.43, now trading below. Often marks a near-term directional shift.

📐 Key Price Levels & ATR Distance

GD20: $770.47 (-1.9 ATR) | GD50: $767.49 (-1.5 ATR) | GD100: $759.22 (-0.5 ATR) | GD200: $728.85 (3.6 ATR). ATR14: $1.02.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-5.24	1.54	4.57	0.86	-9.12	-4.01	7.31	-6.61	5.23	3.39	-0.03	3.92	10.96
2011	1.28	1.84	1.27	2.46	-0.97	0.08	-3.43	-5.09	-6.44	14.16	2.45	0.42	-1.22
2012	3.00	3.43	2.24	-1.39	-6.59	6.20	0.88	2.59	2.08	-2.08	-0.48	0.68	11.69
2013	2.49	0.24	3.00	2.33	3.27	-2.39	4.56	-4.11	2.20	3.81	2.72	2.30	26.45
2014	-2.59	6.96	1.10	0.03	2.31	1.46	-2.00	4.26	-1.79	3.76	2.69	-0.11	12.37
2015	-2.91	4.33	-2.62	1.34	0.20	-2.70	1.45	-5.78	-0.07	T 8.22	-0.81	-3.23	-0.76
2016	-3.63	T -0.05	3.74	-0.29	T 0.90	-0.38	3.43	0.20	-0.50	-1.50	T 4.44	1.80	11.20
2017	1.02	3.89	-1.68	T 1.17	1.16	-0.64	1.88	0.07	1.37	1.91	2.92	0.91	18.48
2018	4.89	T -3.53	T -1.70	2.73	T 2.25	-0.85	3.48	3.36	0.31	-7.23	0.78	T -10.52	-7.01
2019	T 7.89	3.19	0.73	2.87	-5.67	T 6.71	0.60	-0.81	T 2.07	3.44	2.67	3.28	28.65
2020	-0.97	-8.60	-16.61	T 18.01	7.61	0.92	5.15	6.24	-5.02	T -3.12	9.65	2.15	15.09
2021	0.35	1.10	1.73	4.17	0.44	2.00	1.88	3.19	-5.02	T 5.76	-0.97	5.43	28.79
2022	-5.82	-3.60	T 5.04	-9.03	-0.37	-7.90	T 8.07	-3.80	-9.90	5.35	6.02	-6.12	-19.95
2023	T 6.74	-3.54	T 3.71	1.21	0.56	5.09	3.15	-1.34	T -5.25	-2.13	T 7.98	3.53	24.81
2024	2.16	3.86	1.99	-3.86	T 5.40	3.11	1.00	T 3.81	3.93	0.00	5.52	-2.91	24.00
2025	T 2.94	-0.60	-4.18	T -1.15	5.54	4.24	2.34	3.75	4.05	2.04	0.01	T 0.24	16.64
2026	1.29	-1.35	-5.25	T 9.68	4.97	-1.55	T 0.17	1.24	0.11	-1.08			10.62

T A T badge marks a Trendchange signal in that month. Hover for entry price.

SPY - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for SPY:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
06.07.26	$751.28	12d	-1.06%	-1.74%	-1.74%	-1.74%
10.04.26	$679.46	59d	+4.27%	+7.67%	+9.31%	+8.55%
01.12.25	$680.27	37d	+0.22%	+1.11%	+1.98%	+1.67%
29.04.25	$554.32	77d	+5.17%	+6.64%	+8.8%	+19.61%
22.01.25	$606.44	14d	-0.77%	+1.07%	-1.07%	-1.07%
19.08.24	$559.61	16d	+0.73%	-3.44%	-3.44%	-3.44%
08.05.24	$517.19	57d	+2.74%	+3.38%	+5.76%	+7.07%
08.11.23	$437.25	75d	+3.66%	+4%	+7.09%	+18.77%
12.09.23	$445.99	9d	-0.59%	-0.59%	-0.59%	+0%
05.09.23	$449.24	1d	+0%	+0%	+0%	+0%

Signal Statistics - Historical Edge

Calculated edge for SPY: 1.85%

Range	N	10d	20d	30d	60d	Signal
5-7%	5	+5.29%	+5.29%	+5.99%	+8.68%	Close
3-5%	12	+3.88%	+4.67%	+5.43%	+5.88%	Hold
1-3%	27	+1.98%	+2.68%	+3.53%	+4.23%	Hold
0-1%	22	+0.57%	+0.71%	+0.64%	+1.57%	Close
-1-0%	14	-0.56%	-0.63%	-0.61%	-0.56%	Neg
-3-1%	20	-1.76%	-1.32%	-0.95%	-0.1%	Neg
-5-3%	6	-3.73%	-2.01%	-2.01%	-1.45%	Neg

Exit Rules: Stoploss: -10% | Close if below 1% after 10 days

Signal data as of October 30, 2026

HIGH ALERT ● Neutral Strength: 13

Options Metrics

IV-Rank (52w)

91%

Top 20% of the past 52 weeks – options are historically expensive. Conditions favor premium sellers (Short Put, Iron Condor).

Call / Put Flow

38% / 62%

More than 60% of options premium is flowing into puts. This indicates net bearish positioning by market participants.

GEX (Mio.)

-834,048,738.4

Negative GEX: market makers are short gamma. They sell dips and buy rallies, which amplifies moves and increases volatility.

GEX Flip Strike

$781.82 · 3.4%

The GEX flip strike is the price level where dealer gamma exposure shifts from positive to negative. A break through this level often accelerates the move.

Max Pain

$769.00 · 1.7%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$756.35

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

SPY GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

Strategy Setups – You Decide

Based on current options data, 2 setups match the current conditions. Each strategy has different risk/reward characteristics – the final decision is always yours.

Setup 1 of 2 Short Call Full guide →

Why this fits today

IV-Rank at 91% with bearish flow (38% calls) and negative GEX – selling call premium into elevated vol with directional and structural support.

Advantages

✓ Collects premium in a high-IV environment, profits from sideways or bearish movement

✓ Works well when negative GEX creates structural headwind for rallies

✓ Covered call variant generates income against an existing long stock position

Risks

✕ Theoretically unlimited loss if the stock surges unexpectedly

✕ A single strong bullish catalyst can wipe out months of collected premium

✕ Requires margin and active monitoring

▶ FAQ: Short Call

What is a Short Call strategy?

A Short Call involves selling a call option and collecting the premium. The seller profits if the underlying stays below the strike price at expiration. It expresses a neutral to bearish view. Uncovered short calls carry theoretically unlimited risk if the stock rises sharply.

When is a Short Call appropriate?

A Short Call makes sense when IV is elevated, the trader is neutral to bearish, and the underlying shows weak or bearish flow. It is most commonly used as a covered call - selling calls against an existing long stock position to generate income.

What does negative GEX mean for a Short Call?

Negative Gamma Exposure means market makers are short gamma and must sell as prices rise, amplifying downside moves. For a Short Call trader, negative GEX provides a structural headwind to the upside - dealers are not supporting rallies, which helps the short call stay out of the money.

Setup 2 of 2 Iron Condor Full guide →

Why this fits today

IV-Rank at 91% – selling premium on both sides captures elevated vol without a strong directional view. The defined-risk structure suits the current high-IV environment.

Advantages

✓ Profits from time decay on both sides – no need to pick a direction

✓ Defined maximum risk: loss is always capped at the spread width

✓ Benefits from IV contraction (vol crush) after the trade is placed

Risks

✕ Maximum profit is limited to the net premium collected

✕ A large move in either direction results in maximum loss on one side

✕ Requires the underlying to stay within a specific price range

▶ FAQ: Iron Condor

What is an Iron Condor?

An Iron Condor combines a short put spread and a short call spread on the same underlying. The trader collects premium from both sides and profits if the underlying stays between the two short strikes at expiration. It is a defined-risk, range-bound strategy suited to high IV environments.

When does an Iron Condor work best?

Iron Condors excel when IV is high, the underlying is range-bound or consolidating, and flow is neutral. High IV-Rank increases the premium collected on both spreads, improving the risk/reward of the trade.

What is the maximum risk on an Iron Condor?

The maximum loss equals the width of the wider spread minus the net premium received. For example, if the spreads are $5 wide and you collect $1.50 net premium, the max loss is $3.50 per spread.

How does IV crush benefit an Iron Condor?

IV crush refers to the rapid decline in implied volatility after a catalyst. If an Iron Condor is placed before a high-IV event and IV drops afterward, both options lose value quickly - benefiting the premium seller. Time decay also works in favor of the Iron Condor seller.

All setups above are personal trade journal observations derived from options flow data. This is not financial advice. The decision to trade, and which strategy to use, is entirely yours.

View full options flow data and historical signals on the Options Flow Analysis Overview →

About State Street SPDR S&P 500 ETF Trust

The trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Fund Overview

Metric	Value
Assets under Management	$698.27 B
Expense Ratio	0.09%
Dividend Yield	1.03%
Portfolio Turnover	3%
YTD Return	66.41%
3-Year Return	18.52%
5-Year Return	11.88%

Sector Allocation

Sector	Weight
Information Technology	33%
Financials	10.7%
Communication Services	10.3%
Consumer Discretionary	10%
Healthcare	9.3%
Industrials	9.1%
Consumer Staples	5.1%
Energy	4%
Utilities	2.5%
Materials	1.9%

Top 10 Holdings

Symbol	Company	Weight
NVDA	NVIDIA CORP	7.57%
AAPL	APPLE INC	6.56%
MSFT	MICROSOFT CORP	4.92%
AMZN	AMAZON.COM INC	3.6%
GOOGL	ALPHABET INC CLASS A	3%
AVGO	BROADCOM INC	2.68%
GOOG	ALPHABET INC CLASS C	2.4%
META	META PLATFORMS INC CLASS A	2.3%
TSLA	TESLA INC	1.91%
BRK-B	BERKSHIRE HATHAWAY INC CLASS B	1.56%

Frequently Asked Questions – State Street SPDR S&P 500 ETF Trust (SPY)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.