thanks for the reply kny3 but the one i want to see is a chart which shows that SPX ever down to 1458 after the closing bell on thursday. I asked others , some says there is extended hour market like future SPX after market close and news about unemployment made SPX settled down to 1458 But i couldnt find a proof for that. I know i got confused, but I am trying hard to seek the answer.
Hello again. The SPX doesn't change (other than a few pennies if there is a late print on one of the S&P 500 components) after 3:00 pm central time, the closing of trading, Thursday in your case. What you're seeing as the price of the SPX Thursday night was the price at the closing bell Thursday. S&P futures trade for an additional 15 minutes, take a break, and trade until just before the opening on Friday. So Thursday afternoon after the close, the S&P Sep future may have been down 4 or 5 points or 10 points, but the SPX # doesn't change. So to answer your question, there is no SPX chart between Thursday's close and the opening settlement Friday. Follow the future. If you see the SPX opening off $0.50 Friday morning, that's because only 10 stocks opened so far - the future is telling you an inkling of where the index is headed. And the unemployment # was Friday an hour before the opening, not after the close thursday. This site is (in part) to help newbie traders like you learn - sometimes from our mistakes, I once bought an OEX (S&P 100, PM settlement, cash settled, AMERICAN Style) time spread many years ago (at a very good price by the way), and woke up one morning to find I had been assigned on the short side. My spread turned into a fairly large, long position. I wiggled out of the position a little North of break-even, and didn't trade in OEX until I learned how American style cash settled index options worked. kny 3
Wait til tripple witch on the normal 3rd friday ......some geat fuck jobs on the settlement price. The NDX is great for that a few times a year......This is the dirty secret that banks and funds and do to maniplute prices and pocket a few 100M a year on very little buying power to manipulate the futures.....will continue to happen and get on there side and buy these calls and puts and cash that lotto Ticket.
Thanks kny3 Yup, i also got the same answer about unemployment rate during that day. I am looking at - future S&P mini - chart now and use it for the next trading, will be trying on this week.
Thanks kny3 Yup, i also got the same answer about unemployment rate during that day. I am looking at - future S&P mini - chart now and use it for the next trading, will be trying on this week.