TSPY Stock Summary and Trading Ideas (Tappalpha S&P 500 Growth & Daily Income ETF | NASDAQ:TSPY)

TappAlpha S&P 500 Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund's secondary investment objective is to seek exposure to the performance of the S&P 500 Index. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in one or more exchange-traded funds ("ETFs") that provide exposure to the S&P 500 Index (such as SPDR S&P 500 ETF Trust ("SPY") and/or Vanguard S&P 500 ETF ("VOO")), with short positions in certain call options. The strategy is a daily covered call option strategy that sells "out of the money" call options with zero days to expiration each day, known as a "daily call". Daily call options having zero days to expiration are also known as "0DTE" options. In general, an option is a contract that gives the purchaser of the option, in return for a premium, the right to buy from the seller (writer) of the option the security underlying the option at a specified exercise price (the "strike price") at a specified expiration date.

Tappalpha S&P 500 Growth & Daily Income ETF trades on the NASDAQ stock market under the symbol TSPY.

As of July 29, 2026, TSPY stock price declined to $24.74 with 430,245 million shares trading.

TSPY has a beta of 0.94, meaning it tends to be less sensitive to market movements. TSPY has a correlation of 0.97 to the broad based SPY ETF.

TSPY has a market cap of $295.40 million. This is considered a Small Cap stock.

TSPY has underperformed the market in the last year with a price return of +13.6% while the SPY ETF gained +15.7%. TSPY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.2% and -3.1%, respectively, while the SPY returned +2.8% and -3.0%, respectively.

TSPY support price is $25.07 and resistance is $25.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSPY shares will trade within this expected range on the day.