SSF are always like that. DIA moves 30c - but the DIA SSF moves 2c. Some times there are insane spreads for no reason, and many times there is very awkward movements. This happens so often that I believe that SSF is not a reliable instrument to trade directionally (like you trade stocks, buy lower sell higher etc.). They may be good for alternate strategies such as hedging, arbing, etc. yoe 50
Thanks for the responses. From my experiment, and the posts here, I can see that it is not as pure a play as I had hoped. I suspect in the case of BAC it is the issue with the dividend.
Ok, that would have worked. Frankly it was a pittance position, I had held it longer than intended, had watched my winner turn into a loser, and with expiration only days away I didn't want to deal w/ it anymore. I guess they call that tuition on multiple levels.