SPY Options Price a ±$10.82 Move Into September 25 — But the Walls Are Only $12 Apart

Hey, it's September 20, 2026, and we're talking about the State Street SPDR S&P 500 ETF Trust — ticker SPY. It closed Friday at $761.69, and the options market is leaning neutral with a bullish tilt heading into the September 25 expiration. Traders are pricing a swing of about $10.82 in either direction, which boxes the week into a range running from roughly $750.87 on the low end to $772.51…

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