0.00Open0.02Pre Close0 Volume270 Open Interest490.00Strike Price0.00Turnover1422.45%IV19.10%PremiumDec 3, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.02Extrinsic Value100Contract SizeAmericanOptions Type-0.0016Delta0.0001Gamma30282.00Leverage Ratio-9.8394Theta0.0000Rho-47.88Eff Leverage0.0002Vega
SPDR S&P 500 ETF Stock Discussion
This provides further evidence that the labour market is softening.
Looks like an another rate cut is on the card.
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let's see if we can push to 607.47 / 608.44 before a pull back - RSI needs to reset which means a pull back or consolidation before deciding to aim at 611.61 or continue to break down.
604.42 / 605.1 is a support key area, below that SPY will head to 603.35.
Since the 5 Nov’s voting day, the S&P 500 has climbed 4.6% and the Nasdaq has surged about 5.7%.
Investors are going on full risk-on mode with lots of factors supporting their bullish sentiment - inflation trending down, cutting of interest rates and solid earnings from companies.
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