Question of futures vs index

Discussion in 'Trading' started by womblevader, Jul 15, 2008.

  1. Hi

    I was long on S&P futures with the view that S&P would have an opening gap down below 1220.

    S&P opened at 1226 but futures never got above 1218 before opening.

    Is an 8 pt gap betwen future and index unusual? Looks like a big arbitrage opportunity for someone.

    Was I just unlucky? Or am I missing something.

    Hope someone can give me some info on this matter.

    Thanks in advance.
  2. Surdo


  3. All 500 stocks in the S&P 500 don't open for trading at 09:30. At 09:33 the SPX was at 1215.94 before it had an uptick. There is normally no arbitrage available at the open.
  4. Thanks for the info the more I learn the more I have to learn.