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-   -   SPY Weeklys vs SPX Weeklys (http://www.elitetrader.com/vb/showthread.php?t=238824)

Cdntrader Mar 15th, 2012 10:08 PM

SPY Weeklys vs SPX Weeklys
 
What is the state of this war?

Which is better? tighter spreads? deeper liquidity?

I know. I know. I should look this stuff up. But I'm just too lazy.:D

rmorse Mar 15th, 2012 10:14 PM

Re: SPY Weeklys vs SPX Weeklys
 
Quote:

Quote from Cdntrader:

What is the state of this war?

Which is better? tighter spreads? deeper liquidity?

I know. I know. I should look this stuff up. But I'm just too lazy.:D

In my opinion, you can trade SPY with electronic platforms. For trading SPX, it's best to pay a broker. If you need to get in and out quickly, markets are too wide.

babutime Mar 15th, 2012 11:41 PM

Re: Re: SPY Weeklys vs SPX Weeklys
 
Quote:

Quote from rmorse:

In my opinion, you can trade SPY with electronic platforms. For trading SPX, it's best to pay a broker. If you need to get in and out quickly, markets are too wide.
Depends what your goal is too. I like credit spreads so Weeklies on SPX are quite profitable from that point of view and if you do hit your short strike you aren't in the risk of being assigned. I just hate being assigned stock. Pain in the butt!

As for wide-bid ask spreads, I find a couple cents above the midpoint gets filled super fast with IB. Not sure if that has anything to do with Ib specifically.

FSU Mar 16th, 2012 08:18 AM

Re: Re: SPY Weeklys vs SPX Weeklys
 
Quote:

Quote from rmorse:

In my opinion, you can trade SPY with electronic platforms. For trading SPX, it's best to pay a broker. If you need to get in and out quickly, markets are too wide.
SPY Weeklies are traded electronically, unlike the regular SPX, so a broker wont really help here.

I love this product. Fairly tight spreads, and electronic environment. Also cash settlement and no early exercise.

babutime Mar 16th, 2012 09:05 AM

Re: Re: Re: SPY Weeklys vs SPX Weeklys
 
Quote:

Quote from FSU:

SPY Weeklies are traded electronically, unlike the regular SPX, so a broker wont really help here.

I love this product. Fairly tight spreads, and electronic environment. Also cash settlement and no early exercise.

SPY is American Styled

EliteThink Mar 16th, 2012 09:17 AM

spxpm is looking more attactive from a volume/open interest perspective. friction would drop significantly from trading spy if it became viable. spx pit is likely going away.


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