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 $777.22. The swing trend is positive with ADX at 20.5 (moderate trend strength). Momentum is bullish and has been running for 12 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

Quick Stats

Trend Signal

$777.22

Last Close

Official EOD price – basis for all calculations

▲ Long

Swing Trend

Moving average structure confirms uptrend – bulls in control

+1.85%

Signal Edge

Slim positive edge across 5 signals – treat with caution

20.5

Trend Strength (ADX)

Moderate strength – trend forming, not confirmed

Options Signals

13%

IV-Rank (52w)

Options are historically cheap – premium buying favored

70% / 30%

Call / Put Flow

Bullish positioning – call 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

Mixed Signals – Caution Composite Score: +2 / 7

SPY shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

Options Signal Highlight

HIGH Strength 42.7 Long Call 📖 View full options analysis →

SPY Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $777.22 · ATR14: $0.86

Mixed Signals – Caution Composite Score: +2 / 7

SPY shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

Indicator	Signal	Detail
Swing Trend	▲ Long	Primary directional bias
Momentum	▲ Up · 12d	Strength: 0.18 – Rising
Trend Strength (ADX)	20.5 – Moderate	ADX38: 6.7
Volatility (HV30)	10.0% – Calm	HV90: 12.7% \| HV180: 13.2%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Fully aligned – bullish stack
EMA21 Distance	1.32 ATR ↓	EMA21: $765.58
GD200 Extension	8.9 ATR – Extended	GD20: 1.6 \| GD50: 1.7 \| GD100: 3.4

🚀 Momentum Accelerating

Upward momentum active for 12 days and still gaining strength (current: 0.18). Trend is building, not fading.

🟡 Trend Strength – ADX14: 20.5 (Moderate)

Moderate trend strength. ADX38: 6.7. Sufficient for directional bias but not ideal for aggressive sizing.

🔻 Volatility Calm

HV30: 10.0% | HV90: 12.7% | HV180: 13.2%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $765.95 above GD200 $721.99 by 6.09%. Long-term structure is bullish. MA stack: Fully aligned – bullish stack.

📉 EMA21 – Gap Narrowing

Price is 1.32 ATR from the EMA21 ($765.58) but the distance is shrinking.

📏 Extended Move

8.9 ATR from the 200-day SMA. The trend may be maturing. Disciplined stop management becomes increasingly important.

📐 Key Price Levels & ATR Distance

GD20: $766.46 (1.6 ATR) | GD50: $765.95 (1.7 ATR) | GD100: $755.40 (3.4 ATR) | GD200: $721.99 (8.9 ATR). ATR14: $0.86.

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	1.73			13.77

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 7, 2026

HIGH ALERT ● Neutral Strength: 42.7

Options Metrics

IV-Rank (52w)

13%

Bottom 20% of the past 52 weeks – options are historically cheap. Conditions favor premium buyers (Long Call, Long Put).

Call / Put Flow

70% / 30%

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

GEX (Mio.)

26,141,733.4

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

GEX Flip Strike

$680.00 · 12.6%

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

$775.00 · 0.3%

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

$777.64

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 Long Call Full guide →

Why this fits today

IV-Rank at 13% – options are historically cheap. Bullish flow (70% calls) supports buying upside premium at below-average cost.

Advantages

✓ Unlimited upside potential with maximum loss capped at the premium paid

✓ Low IV-Rank means you are buying at historically cheap levels

✓ Benefits from both a price increase and a subsequent rise in implied volatility

Risks

✕ Time decay (theta) works against the position every day

✕ Requires a meaningful move to overcome the premium paid

✕ Full premium is lost if the stock stays below the strike at expiration

▶ FAQ: Long Call

What is a Long Call?

A Long Call gives the buyer the right to purchase the underlying at the strike price before expiration. The maximum loss is limited to the premium paid. It expresses a bullish directional view and profits if the underlying rises significantly above the strike price.

Why buy calls when IV-Rank is low?

Low IV-Rank means implied volatility is historically cheap - options are priced below their typical levels. Buying premium when it is cheap reduces the hurdle rate for profitability. If IV subsequently rises, the option gains value from both the price move and the increase in implied volatility.

What is the breakeven on a Long Call?

The breakeven equals the strike price plus the premium paid. For example, a call with a $100 strike bought for $3 breaks even at $103. Above that level, the position profits dollar-for-dollar with the stock. Below the strike at expiration, the full premium is lost.

Setup 2 of 2 Long Straddle Full guide →

Why this fits today

IV-Rank at 13% – buying both sides is cost-effective. A subsequent vol expansion or large move benefits both legs simultaneously.

Advantages

✓ Profits from any large directional move without needing to pick a side

✓ Buying when IV is historically cheap reduces the breakeven hurdle

✓ An unexpected vol expansion benefits both the call and put simultaneously

Risks

✕ Requires a significant move to recover the combined premium paid

✕ Theta decay accelerates as expiration approaches

✕ If the stock stays flat, both legs expire worthless

▶ FAQ: Long Straddle

What is a Long Straddle?

A Long Straddle buys a call and a put at the same strike and expiration. It profits from a large move in either direction. When IV is low, the premium cost is reduced, making the breakeven easier to reach on a directional move.

Why buy a straddle when IV is low?

Low IV means you are buying the options cheaply. If IV subsequently rises - due to an event or a directional move - both legs can gain value simultaneously, giving you a double benefit. The key is entering before the vol expansion.

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.