SPY at discount ???

Why is SPY trading at 109.35 (-0.4%) while futures are up 0.15% ?

Free Lunch ?

 

From:

http://www.cboe.com/OptProd/indexopts/spy_spec.asp

So SPY paid its dividend.

 

i was like wtf? then I figured must be something about dividend . No free lunch.

 

Are very typical of the kind of closings that you see in futures at the end of a Triple Witch Expiration.

And statistically you will find that Monday's that follow expirations see DOWN openings. Stock being unwound.

No biggee.

 

Yeah Waggie, next time you find a 50 cent discount you let me know.