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Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

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From: luvb2b (Rep: 2089) reply to ninjaninjaDate: 07/10/2019 12:50
Forum: Wall Street Pit - Msg #2793154 - List SPY msgs Thread #674090142 (Rec: 2)
great idea. once the fed testimony ends you could get a little spurt and close at new highs puts you in the money. an interesting fyi: there are spx index options w/jul 10 expiry that i believe are cash settled to the spx close, and the 3000c is 80c.

now your spy calls you have to buy 10x as many and the effective cost with 0.75c share commission is 6.75c for calls that $0.87 otm (on spy). an in/out will cost 1.5c total, which means effective cost is 7.5c.

the equivalent compare on the 3000c would be around 8.075c for calls that are just slightly less out of the money and no need to sell as cash settled (if they go in the money).

. Re: SPY Jul 10 2019 299.5 Call (Weekly) .06

"There are those who market trades, and there are those who trade markets.

There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b

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Reply to ninjaninja - Msg #2793152 - 07/10/2019 12:38

SPY Jul 10 2019 299.5 Call (Weekly) .06
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