NEW: Double weight spiders & Q's

While most everyone knows that trading the ES has better tax treatment than trading SPY, some of us still prefer to use the spiders regardless. I have my reasons...

Anyways, they've just introduced double-weight spiders and Q's. I'd like to see these gain in popularity and liquidity, so I'm doing my part here....

Double weight SPY= SSO

Double weight QQQQ= QLD

http://www.investor.reuters.com/Art...062306_1010_FEATURES_weighing_risk_and_reward

 

Can't wait to have options on these. Double whammy!

 

The Short QQQ - PSQ
and Short S&P - SH
and Short DJI - DOG

appear to be a way to be short the market in an IRA account!
No double shorts just the Ultra longs are double: QLD & SSO

 

Very cool.

I'll have to look into those (boy they have something for everyone these days!)

Later,

JG

 

This should be nicknamed the Cramer, because Cramer's portfolio performs exactly like this.

 

Double weight SPY= SSO

Double weight QQQQ= QLD

I want these to become liquid! If volume & liquidity can pick up a bit from here, it will attract more volume & liquidity as the snowball effect feeds on itself. Just trying to get the ball rolling...

 

Lets get the word out, SSO and QLD are where to be..

 

are they traded on AMEX or NYSE?

 

Yup, they are indeed interesting products. The double beta inverse ones should be particularly cool.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=55054

 

Do you think you're gonna get a volume spike from the credit card traders-wannabe lurking around here on what is basically an institutional hedging product? LOL