State Street SPDR S&P 500 ETF Trust
ARCAOptions markets sent a loud defensive signal this week — but the broader lending picture tells a very different story. The clearest tension in SPY right now sits between options positioning and borrow market conditions. The put/call ratio spiked to 2.28 on May 5, nearly three standard deviations above its 20-day average of 1.90, brushing within reach of its 52-week high of 2.40. At…
Snapshot as of 6 May 2026
A new long-form analysis for SPY this week — anomalies vs the company's own history, peer comparisons, news context, and the full data picture. Premium subscribers only.
Read on ORTEX →Sign up for premiumOptions markets sent a loud defensive signal this week — but the broader lending picture tells a very different story. The clearest tension in SPY right now sits between options positioning and borrow market…
Short interest in the S&P 500 ETF dropped 2% over the past week while cost to borrow jumped 27%. Options sentiment spiked to a 2.67 standard deviation above the 20-day mean. Utilisation fell to 6.45%, down from the…
Short interest updated daily, real-time options flow, analyst consensus deltas, 13F positioning, ORTEX Alpha signals, and every article ORTEX publishes for SPY — free to start on ORTEX.
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