SPY Options Are Pricing a ±$10 Move Into September 11 — And the Positioning Says the Range Holds

State Street SPDR S&P 500 ETF Trust — SPY — closed Thursday at 770.19, and here's the state of play heading into today, September 6, 2026. The options market's read is neutral. Traders are pricing SPY to stay inside a band between roughly 760.10 on the downside and 780.28 on the upside, all the way through the September 11 expiration — basically a $10 swing in either direction, already baked…

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