0.01Open0.01Pre Close0 Volume439 Open Interest493.00Strike Price0.00Turnover5950.04%IV15.67%PremiumOct 18, 2024Expiry Date0.00Intrinsic Value100Multiplier-1DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type-0.0011Delta0.0001Gamma58459.00Leverage Ratio-147.6502Theta0.0000Rho-63.12Eff Leverage0.0000Vega
SPDR S&P 500 ETF Stock Discussion
Best of luck, Cool Cats, and God bless!
Despite so many reasons to fall, the market has been going higher and higher. It has overcome the Yen carry trade sell off, bearish Sep etc.
SPX is up 23% year to date.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Palantir (PLTR.US)$ $Alphabet-A (GOOGL.US)$ $MARA Holdings (MARA.US)$ $Bitcoin (BTC.CC)$
Last week (14 Oct 2024 to 18 Oct 2024), $S&P 500 Index (.SPX.US)$ (+0.85%) $SPDR S&P 500 ETF (SPY.US)$ (+0.86%) outperformed many mega-cap (The Magnificent 6) stocks:
Underperformers
$Microsoft (MSFT.US)$ (+0.44%), $Alphabet-A (GOOGL.US)$ (+0.11%), $Alphabet-C (GOOG.US)$ (+0.32%), $Amazon (AMZN.US)$ (+0.09%), $Meta Platforms (META.US)$ ( ...
It is because you have all these so-called professionals, traders calling the drop and everyone following their trade. There are too many trades on one side. MM doesn't have a choice other than to pump it, so it creates a short squeeze. I call this chasing the top syndrome. Stop chasing the top. You will know it when it's here!
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