Abstract: A reel caddy and support stand for cable spools of the type having a central drum and enlarged disk-like ends with central openings therein wherein the reel caddy and stand comprises a generally U-shaped bent handle portion having a curved end and elongated leg portions with the leg portions carrying stub spindle members adapted to be received in the spool disk like and central openings and the handle and leg portions providing a hairpin like spring action when the leg portions are spread apart to insert the stubs spindle members into the central openings of the disk ends. Stand leg members project at 90.degree. angles from the stub spindle members so that the spool can be rotated and lifted about the legs and then with the handle portion on the same surface as the ends of the stand legs the spool can be freely rotated for unwinding or winding cable therefrom.