For sure I would go SPX over SPY. But if you don’t have the capital I would go ES. Thanks guys for all the answers. Been a while since I wrote this and learned some. The question I am at. And have to look at the actual number but I heard I think cap weighted the 100 is 70% pulling power of the 500, as obviously the 100 is included in the top 500..... this makes me think as I was watching these last two “drops” that the 100 and 500 were near in tandem, this making anyone with NDX / NQ more premium if anything could be equal as they take in more premium while SP took on as much drop..... just some notes as this Friday the NDX was up far greater then SP though so... this was more a quick observation in drips and really from these two. Nothing else. I’m just saying I would rather take in more premium Another thing I’ve noticed with NDX is as someone said the spread is incredible ridiculous. Also I find most the time things being equal even accounting for commissions. I find I can pull in more 95% of the time on NQ then I can NDX.. so anyone wondering I would throw out there to go NQ. What do like doing with NDX though is trying to pick up some far out or money strikes for about 30-70 dollars last day ( Friday ). There is a couple reasons for this. One because the margin is higher so the premium is more to even offload. Second coupled with that is if there was an equal you can’t find this in NQ unless a very bad end of expiration day and there is mass fear.. very uncommon though. The risk with this though is first most won’t have the margin extra to take these on even. Second is risk of terrible news hitting say end of day or after close like we saw with DIA and trade war where it was down what was it 400 after market close!!! Some might say overkill and excessive risk for reward but just throwing that out there as an option to think about as I like it when I have tons sitting aside and can pick for holding for a couple hours. Just throwing that out there. Comment back please add. Just love learning so the more discussion then better. Gotta eat...
I invested in a hedge fund that was my client at my old firm, that sells puts in RUT. More volatile than both SPX and NDX. You pick the index that makes sense for your risk tolerance. Bob