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Any SPY mini traders here?


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Any SPY mini traders here?

  #1 (permalink)
 ethand320 
Chicago
Elite Member
 
Experience: Beginner
Platform: IB TWS, Tastyworks
Trading: SPY Options, Equity Options, CL, Gold
Posts: 304 since Jan 2014
Thanks Given: 124
Thanks Received: 139

Hey all, does anyone actually trade these mini spy's (or any mini's for that matter)? I'm new to options, reading through Nattenbergs option volatility pricing and figure if there's enough action might be worth trading them while I'm learning vs. sim trading.

Doesn't seem like there's a whole lot of action going on in them through, limited strikes, pretty far spreads (generalizing)

Thoughts?

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  #3 (permalink)
 
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 Bookworm 
Long Island, NY
Elite Member
 
Experience: Advanced
Platform: TOS
Broker: TD Ameritrade
Trading: Equities, index options and futures/futures options
Posts: 190 since Apr 2010
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Thanks Received: 198


Unless you are looking for the occasional HUGE move, it is tough to make money consistently with small contract options due to the commission costs. People who trade options for regular income tend to gravitate to expensive or very volatile stocks or the big index products like SPX, RUT & NDX. If you just want to learn live trading with minimal monetary risk then a small ETF is fine.

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Last Updated on August 29, 2015


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