SPX/ES/SPY: who leads and who follows and why? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


SPX/ES/SPY: who leads and who follows and why?
Updated: Views / Replies:9,481 / 17
Created: by snusnufreak Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

SPX/ES/SPY: who leads and who follows and why?

  #11 (permalink)
Elite Member
Moscow Russia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 127 since Apr 2012
Thanks: 44 given, 50 received

Here is an articel on zerohedge I found, there is a link in coments there to a PDF file where some guy discusses mechanism in detail, haven't read it completely yet, but his main idea is that SPY and ES are better correlated with each other than either one of them with the SPX

SPY vs ES: Who?s leading the S&P 500? | ZeroHedge

Reply With Quote
The following user says Thank You to snusnufreak for this post:
 
  #12 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received

and actually, I wouldn't be surprised at this point if options lead them all.....

Index options, Leaps , single stock futures options , the list is endless....


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Reply With Quote
 
  #13 (permalink)
Elite Member
Moscow Russia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 127 since Apr 2012
Thanks: 44 given, 50 received



GridKing View Post
and actually, I wouldn't be surprised at this point if options lead them all.....

LoL, this would be just too much for my brain

Reply With Quote
 
  #14 (permalink)
Trading for Fun
Boise Idaho/US
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar
 
BlackSwan04's Avatar
 
Posts: 50 since Mar 2012
Thanks: 63 given, 60 received


snusnufreak View Post
LoL, this would be just too much for my brain

It's gotta be automated somehow. No one can keep track of the overnight underlying prices, dividend payouts, options, etc. and put it all together into what the opening price should be.
But, time after time, the indexes gap too close to the contract price (minus open interest) to be random.
They've got to be pegging it with algos or some sort of automated monitoring software.

Reply With Quote
 
  #15 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received


BlackSwan04 View Post
It's gotta be automated somehow. No one can keep track of the overnight underlying prices, dividend payouts, options, etc. and put it all together into what the opening price should be.
But, time after time, the indexes gap too close to the contract price (minus open interest) to be random.
They've got to be pegging it with algos or some sort of automated monitoring software.

Program Trading uses $Prem calculations, DTN offers $Prem indexes on many underliers now

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



http://indexarb.com/


Quoting 
Program Trading Premium Execution Levels & 92.00% of Total Volume*
Our Fair Value for the S&P 500 today is $-5.25 That price level will not change during the day. Our computers are set for program buying at $-4.15 and set for program selling at $-6.35. If you would like to watch these program buying and selling execution levels, you need to program your trading platform and software and use the correct data feeds.

http://www.programtrading.com/buysell.htm

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter

Last edited by GridKing; July 5th, 2012 at 03:36 PM.
Reply With Quote
 
  #16 (permalink)
Trading for Fun
Boise Idaho/US
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar
 
BlackSwan04's Avatar
 
Posts: 50 since Mar 2012
Thanks: 63 given, 60 received


GridKing View Post
Program Trading uses $Prem calculations, DTN offers $Prem indexes on many underliers now

Nice Find.

Reply With Quote
 
  #17 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received

@Big Mike started a thread on this, if anyone wants to add to it...


https://futures.io/traders-hideout/19668-buy-programs-sell-programs-prem.html

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Reply With Quote
The following user says Thank You to GridKing for this post:
 
  #18 (permalink)
Trading Apprentice
boise idaho
 
Futures Experience: Beginner
Platform: TOS, MT4, Ninja
Favorite Futures: spy usdjpy
 
Posts: 1 since Feb 2016
Thanks: 0 given, 0 received

Contact


BlackSwan04 View Post
If I may interject...

While the underlying stocks on the S&P 500 may trade overnight, the actual index only tracks them during US market hours. Whereas the futures that trade overnight can track the individual stocks and project it's value in real time.
When the market opens, the SPX then gaps to what the value of the underlying stocks require it to be.
So... (if I understand all this correctly), the underlying stocks ultimately lead both the value of the actual index as well as the futures that correspond to them, and the gap is due to the index only tracking during US market hours.

Regards,
BlackSwan

Hey Black Swan, I am in Boise as well. Was wondering if we could discuss trading, Im always down to share ideas and talk about things. Shoot me an email garrettmaxwell23 at gmail.com

Reply With Quote

Reply



futures io > > > > SPX/ES/SPY: who leads and who follows and why?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Volume Bars For $SPX Chart On TOS WarrenGekko ThinkOrSwim 2 November 19th, 2017 10:05 AM
Naked Strangles On Weekly SPX Options WarrenGekko Options on Futures 14 March 12th, 2013 12:43 PM
How to trade SPY by putting orders on ES? (MultiInstrument trading) zokirb The Elite Circle 10 January 29th, 2012 11:09 AM
Trading SPY options or ES? blockschip Traders Hideout 8 September 11th, 2011 07:06 PM
Live SPX on your desktop TraderSU Reviews of Brokers and Data Feeds 1 September 30th, 2010 10:56 PM


All times are GMT -4. The time now is 10:49 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.10 seconds with 20 queries on phoenix via your IP 54.227.51.103