If you don't understand, there's no need to yell. I buy options here the same as everyone else. The options I buy are usually in the $8-$9K range, and on SPY. The price I buy at is a percentage of the notional, so 40K is relevant. Since the price has risen significantly, it's getting harder to buy these options on a weekly basis with my fixed income. Splitting the ETF would bring the options I like back down to a range I can afford. I don't see why you are so angry?
There is no yelling font. It's disconcerting that anyone (you) can be this abjectly stupid. End of story.
Right dude. I know that you're background is on the floor, so I shouldn't have to write this... but they are never going to split a major index and as a result the tracking ETF. It will remain 10:1 SPX to SPY forever. Jeez, I wonder why. This place is a fucking asylum. It's just cats all the way down.
Never on the CBOE floor - was in management. CME floor briefly and I agree that there is no split on the horizon. OP also pretty much laid out his lack of suitability - not my monkey - not my circus.
ofc you're correct that it doubles costs... but anyone here needs to ask themselves what the SPX and SPY value represents. And why you maintain a 10x ratio of SPX to SPY.
%% WHY a SPY split??One market maker ,Terry Savage,said they should split GME \ then it would go down some more. Plenty of good ETFs under $400/including but not limited to qqq..........................................................................................................
The reason for the split is two fold. First, to get more retail traders on it. I think most of us here want more people trading it. Second, it lowers the options prices. It seems like the people who have responded so far are all hundred-millionaires and haven't thought about this for a while.