Part 12 Trading Master Class In-the-Money (ITM), At-the-Money (ATM), Out-of-the-Money (OTM)
These terms describe the relation between strike price and market price.
Call options:
ITM: market price > strike
ATM: market price = strike
OTM: market price < strike
Put options:
ITM: market price < strike
ATM: market price = s
Key stats
About SPDR S&P 500 ETF
Home page
Inception date
Oct 13, 2014
Replication method
Physical
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
State Street Global Advisors, Australia, Ltd.
Distributor
ALPS Distributors, Inc.
Identifiers
2
ISINAU000000SPY3
SPY Fund Summary
The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the Index), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the Index), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stock breakdown by region
Top 10 holdings
SPY Weekly AI Levels — Holiday Week (Dec 22)This is a holiday-shortened, low-liquidity week. Expect rotation over trend unless price shows clear acceptance beyond key structural levels. These are contextual AI levels, not trade signals.
Core Structure (Balance Zone)
Equilibrium (EQ): 678.45
Mid-Equilibrium: 677.38
As long as price rotates
Is Friday Rally over for SPY?This move looks exhaustive, not a breakout.
Price is stalling into upper supply with no acceptance.
Key Levels (Trade Map)
Immediate Resistance (Upside Reclaim)
680.83 → first reclaim / flip level
684.06 → rail resistance (only after reclaim)
686.98 → equilibrium check
690.60 → value ceiling
Dow
SPY Weekly Balance Map | Dec 15–19SPY enters the week with a stable higher - time frame structure. Last week’s equilibrium framework held with precision, as price remained bracketed between predictive rails and rotational behavior dominated (see my previous article for last week's bands and how market played out). This week opens wi
SPY Weekly Levels Forecast : Week of Dec 9–13, 2025SPY enters the week inside a narrow equilibrium coil, with predictive rails compressed and value clustering around 685 (See chart for all levels marked in labels). The response at these levels will determine whether price continues to rotate or transitions into directional expansion.
Market Struc
SPY — NeuralFlow Forecast Bands | Friday Market MapWhat NeuralFlow™ Is?
NeuralFlow operates on proprietary, institution-grade Artificial Intelligence models trained specifically to map where price is statistically inclined to rebalance — independent of trader sentiment or bias.
No volatility envelopes. No moving-average derivatives. No pattern recog
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Stock Market is in Risk OnThe US market, as well as some assets, is in a risk-on mode.
Most assets have their own seasonality.
The chart above shows one of them:
In recent years, in the period July-September, a correction began on the US market.
A number of macro indicators also speak in favor of a correction and that it
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPY trades at 1,023.33 AUD today, its price has fallen −0.20% in the past 24 hours. Track more dynamics on SPY price chart.
SPY net asset value is 1,022.44 today — it's fallen 1.60% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPY assets under management is 68.68 K AUD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPY price has fallen by −1.49% over the last month, and its yearly performance shows a 7.95% increase. See more dynamics on SPY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.60% over the last month, have fallen by −1.60% over the last month, showed a 2.00% increase in three-month performance and has increased by 9.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.60% over the last month, have fallen by −1.60% over the last month, showed a 2.00% increase in three-month performance and has increased by 9.08% in a year.
SPY fund flows account for −1.05 T AUD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPY invests in stocks. See more details in our Analysis section.
SPY expense ratio is 0.09%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPY technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPY shows the buy signal. See more of SPY technicals for a more comprehensive analysis.
Today, SPY technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPY shows the buy signal. See more of SPY technicals for a more comprehensive analysis.
Yes, SPY pays dividends to its holders with the dividend yield of 1.08%.
SPY trades at a premium (0.29%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPY shares are issued by State Street Corp.
SPY follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 13, 2014.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.









