SPY Options Price a ±$12 Move Into Friday — But This Week’s Walls Sit Just $5 Apart

It's August 2, 2026, and we're talking about State Street SPDR S&P 500 ETF Trust — ticker SPY — which closed Friday at $746.79. The options market's read here is slightly bullish, and it's pricing about a $12 swing in either direction between now and the August 7 expiration. That puts the expected range at roughly $735 to $758.50. And here's the one number to lock in: if SPY closes below…

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