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SPY - SPDR S&P 500 Trust

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Cy McCaffrey, Mar 31, 2016.

  1. Cy McCaffrey

    Cy McCaffrey Content Manager
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    [​IMG]

    The SPDR S&P 500 trust (SPY) is an exchange-traded fund which trades on the NYSE Arca under the symbol (NYSE Arca: SPY). SPDR is an acronym for the Standard & Poor's Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. For a long time, this fund was the largest ETF in the world. SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of McGraw-Hill Companies, Inc. The ETF's CUSIP is 78462F103. The fund and has a Net Expense Ratio of 0.0945%. The value of one share of the ETF is worth approximately 1/10 of the cash S&P 500's current level. On April 9, 2013 the average daily volume was 117 million shares, the highest volume in any ETF. The sponsor is PDR Services LLC, a wholly owned subsidiary of American Stock Exchange LLC. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust.
     
  2. Gil Oren

    Gil Oren Brew Master
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    Back to 210 before next leg higher?

    We totally called this, the market will climb on bad earnings and go higher regardless.

    Come Aug-Sept we probably top off and sell into Oct.

    There!

    I made the call! :)
     
  3. Gil Oren

    Gil Oren Brew Master
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    Good close today, 4th session above that resistance.
     
  4. Gil Oren

    Gil Oren Brew Master
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    Will this hold?

    [​IMG]
     
  5. AverageJoesTrades

    AverageJoesTrades Active Member

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    Bought 10 SPY 12/9 218.50 PUTS @ .77
     
  6. AverageJoesTrades

    AverageJoesTrades Active Member

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    still holding these puts - looking to take profit at 1.54. Hopefully weekend sell off will get me there and I'll sell 5 and let the other 5 ride on the house's money
     
    Tiptopptrader likes this.
  7. AverageJoesTrades

    AverageJoesTrades Active Member

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    had to sell my puts this morning for 50% loss. I purchased 2 210 March 17 Puts
     
  8. heyimsnuffles

    heyimsnuffles Active Member

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  9. fidelgeorge

    fidelgeorge Active Member

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    At $208, many calling for a correction. Now, at $226, it would take a correction just to get back to $208.
     
  10. fidelgeorge

    fidelgeorge Active Member

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    Monday morning, freshly squeezed .....(orange line is the open at 9:30) Let's see!
    spy.png
     
    T0rm3nted likes this.
  11. heyimsnuffles

    heyimsnuffles Active Member

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    At this point this needs to happen. We need to correct. This is starting to get overvalued in my opinion.
     
  12. fidelgeorge

    fidelgeorge Active Member

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    Trump is a walking wrecking ball with his policies. China trade war fear will be used to sink markets! Market out of gas.
     
  13. LloydWCoutee

    LloydWCoutee Active Member

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    If we compare the market to a marriage, right now is when she's talking with divorce lawyers behind your back. $SPY$IWM$QQQ
     
  14. fidelgeorge

    fidelgeorge Active Member

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    Bears have the most amazing excuses when they are wrong. The Market will go down one day but why are you fighting this? Ego? That is silly
     
  15. fidelgeorge

    fidelgeorge Active Member

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    Stable and healthy at the moment. Can't short knowing Oil had a strong bounce, and will bounce quick if they decide to dip Oil. Scary
     
  16. heyimsnuffles

    heyimsnuffles Active Member

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    Damage is done. Dollar did the earnings damage. The Yen Carry Trade is over. It's unwinding big time. Stocks are done and coming down. IMO
     

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