TappAlpha SPY Growth & Daily Income ETF (TSPY)Derivative Income | Exchange Traded Fund | NasdaqGM
24.97 USD
+0.29
(1.175%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 24.98 +0.01 (0.029%) ⇧ (April 17, 2026, 7:46 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 18, 2026, 10:27 p.m. EDT
TSPY is a high-yield trap in disguise. The 15%+ dividend yield is purely inflationary capital recycling, not a return on new investment. The recent price action (up 27% YTD) is a classic 'yield attractor' pump, but the underlying growth is nonexistent (V2 pe-27). Options flow confirms this: smart money is buying protection (puts), while the retail-inspired ticker trades are buying the funky call premiums. Avoid the dividends; the asset is trend-neutral to downside. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.032488 |
| AutoARIMA | 0.032488 |
| MSTL | 0.032793 |
| AutoTheta | 0.041002 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 14.66 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.141 |
| Excess Kurtosis | -0.64 |
| Attribute | Value |
|---|---|
| Trailing P/E | 27.75 |
As of April 18, 2026, 10:27 p.m. EDT: The options market shows significant ' PROGRAMA' (profitable downside protection) positioning, particularly in ATM/Otm puts for the 0DTE and 1-week expiry, with 86% of put volume concentrated OTM. Deep OTM puts in the 12-month expiry show increased volume vs OI, suggesting speculative shorting or hedging for a crash. Conversely, call activity is muted, with 0DTE calls showing high OI relative to volume at ATM, indicating a 'long bias' for buyers who are unfed. The IV drop suggests a complacency regarding near-term upside movement despite the protective put wall.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.21% | 15.40% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-31 | 0.281 | 1.213823 |
| 2026-03-03 | 0.300 | 1.235259 |
| 2026-02-03 | 0.300 | 1.218965 |
| 2026-01-06 | 0.302 | 1.224540 |
| 2025-12-02 | 0.301 | 1.245218 |
| 2025-11-04 | 0.303 | 1.266926 |
| 2025-10-07 | 0.300 | 1.269178 |
| 2025-09-02 | 0.292 | 1.296858 |
| 2025-08-05 | 0.292 | 1.323042 |
| 2025-07-01 | 0.286 | 1.315696 |
| 2025-06-03 | 0.282 | 1.354065 |
| 2025-05-07 | 0.283 | 1.441040 |
| 2025-04-02 | 0.271 | 1.338877 |
| 2025-03-05 | 0.291 | 1.405266 |
| 2025-02-05 | 0.298 | 1.386543 |
| 2025-01-08 | 0.294 | 1.409019 |
| 2024-12-04 | 0.294 | 1.362829 |
| 2024-11-07 | 0.277 | 1.307571 |
| 2024-11-06 | 0.277 | 1.328795 |
| 2024-10-03 | 0.295 | 1.474673 |
| Attribute | Value |
|---|---|
| All Time High | 26.96 |
| All Time Low | 20.02 |
| Ask | 26.85 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 221,490 |
| Average Daily Volume3 Month | 294,443 |
| Average Volume | 294,443 |
| Average Volume10Days | 221,490 |
| Beta3 Year | 0.0 |
| Bid | 22.87 |
| Bid Size | 2 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 25.035 |
| Day Low | 24.7427 |
| Dividend Yield | 15.19 |
| Eps Trailing Twelve Months | 0.8996636 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.2962 |
| Fifty Day Average Change | 0.6737995 |
| Fifty Day Average Change Percent | 0.027732711 |
| Fifty Two Week Change Percent | 20.628023 |
| Fifty Two Week High | 26.67 |
| Fifty Two Week High Change | -1.7000008 |
| Fifty Two Week High Change Percent | -0.063742064 |
| Fifty Two Week Low | 20.46 |
| Fifty Two Week Low Change | 4.51 |
| Fifty Two Week Low Change Percent | 0.22043014 |
| Fifty Two Week Range | 20.46 - 26.67 |
| First Trade Date Milliseconds | 1,723,728,600,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | TappAlpha |
| Fund Inception Date | 1,723,593,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-08-15 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund's manager seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in SPY, an exchange-traded fund designed to track the performance of the S&P 500® Index, with short positions in certain call options. The fund is non-diversified. |
| Long Name | TappAlpha SPY Growth & Daily Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1861876259 |
| Nav Price | 24.9613 |
| Net Assets | 237,058,128.0 |
| Net Expense Ratio | 0.77 |
| Open | 24.85 |
| Post Market Change | 0.007200241 |
| Post Market Change Percent | 0.028835569 |
| Post Market Price | 24.9772 |
| Post Market Time | 1,776,469,560 |
| Previous Close | 24.68 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.289999 |
| Regular Market Change Percent | 1.17504 |
| Regular Market Day High | 25.035 |
| Regular Market Day Low | 24.7427 |
| Regular Market Day Range | 24.7427 - 25.035 |
| Regular Market Open | 24.85 |
| Regular Market Previous Close | 24.68 |
| Regular Market Price | 24.97 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 295,265 |
| Short Name | TappAlpha SPY Growth & Daily In |
| Source Interval | 15 |
| Symbol | TSPY |
| Total Assets | 237,058,128 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 27.754816 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -5.86301 |
| Trailing Three Month Returns | -5.86301 |
| Triggerable | 1 |
| Two Hundred Day Average | 24.96721 |
| Two Hundred Day Average Change | 0.0027885437 |
| Two Hundred Day Average Change Percent | 0.000111688234 |
| Type Disp | ETF |
| Volume | 295,265 |
| Yield | 0.1519 |
| Ytd Return | -5.86301 |