📈 $SPY Punches Through $550 —

Why This Matters

$SPY Charts:

1. Options Net Flow

2. Options Net Drift

3. YTD Daily $SPY with $VIX and Volume Shelf

4. $SPY Today's Biggest Trades

🗓️ April 25, 2025 | 📍$SPY Closed at $550.64 (+0.72%) $551 AH

🧠 This wasn't just another up day — this was a technical breakout, institutional reshuffling, and momentum ignition all wrapped into one.

🧠 Technical Breakdown – We Dive Deep

🔶 Golden Triangle Retest + Bullish Confluence:

✅ Broke out of descending yellow wedge and retested successfully.

✅ Closed above SMA(20) at 554.46 and climbing.

📐 Rising regression channel intact, and we just cracked the psychological $550 resistance.

🔺 If this triangle resolves to the upside, $570+ becomes the next measured move target.

📉 VIX Watch:

The falling wedge in the VIX (⚠️ white dashed) suggests we may get a volatility spike around FOMC (5/7), but for now the VIX is behaving, riding below 20 and looking like sub-18 is possible.

📊 RSI: 47 and rising. No divergence.

Plenty of room to run.

🔍 Options Flow – Money Speaks Before Price Does

🧮 Total Flow:

Calls: $1.20B

Puts: $1.15B

A true tug-of-war, but it’s what happened under the surface that tells the story...

📉 Net Drift Premium:

CALLS: -68M

PUTS: +45M

Translation: Smart money sold premium at highs — expecting decay. But they didn’t chase puts hard either. Controlled exposure.

📍Time-Based Flow

2:00 PM: Monster PUT spike… market held steady.

3:30–4:00 PM: Huge CALL flow surged + price accelerated — a late-day confirmation rally.

🧲 Notables from the Tape:

$535W C – bought at size as $SPY tested support.

$500W P – Defensive hedge flow still present but not dominant.

$460P/$470P – mid-May put spreads surged AFTER close, suggesting downside hedges in place, not urgent.

📊 Positioning Summary:

10.2M contracts traded – DEAD EVEN CALL/PUT VOLUME

Net Premium: +54M inflow

OTM Calls bought > OTM Puts by nearly 2:1

Big boy trades post-close — they want to ride this next wave.

🏄‍♂️ Reclaim the Wave –

April 2025’s Inflection Is Here

📍This was the moment.

After: A textbook Death Cross in March,Zweig Thrust ignition this week, And the breakout above $550...

...$SPY now stands ready to move toward the reversion zone at 570–575. That’s where the real test lies — above the SMA 50 & 200.

💥 But remember:

FOMC May 7th

Mega Cap Earnings Next Week

13F Season by May 15th

Liquidity rotations and hedges will either confirm or fade this move — but the path is now open.

🧭 Final Take:

“This wasn’t a squeeze — it was a coordinated institutional reshuffling.

Big money doesn't chase… they plan.

They just opened the floodgates for Q2 rotation.” – JP_Money