SPY, SPX or /ES?

August 25th, 2013, 04:58 PM

Hi,

I have a quick question.

I trade primarily SPY options.

When doing my chart analysis, what underlying should I use - the SPY, the SPX or the futures?

Any help would be greatly appreciated.

Thanks!

August 25th, 2013, 08:39 PM

MarvelousMoshe

Hi,

I have a quick question.

I trade primarily SPY options.

When doing my chart analysis, what underlying should I use - the SPY, the SPX or the futures?

Any help would be greatly appreciated.

Thanks!

I would use the underlying of what I was trading.

August 13th, 2018, 11:02 AM

This is such a great question that I bet would save small traders as myself, a lot of heartaches and busting. And I am trying to answer:

From the below video, it depends on the options "DELTA" (greek) but in round numbers you could say 1 ES = 5 SPY (ATM?) Options. Since, SPX is (10x) SPY, could we say that 1 SPX Option = 2 ES ...?

Regards.

August 13th, 2018, 11:16 AM

Considering that when you buy and Option you pay Premium and it loses value as time passes, I am seriously considering Selling SPY OTM options as my new sole trading instrument.

January 25th, 2019, 11:44 PM

And spx is a good track for spy. You can see pre-market activity & direction pretty good with shorter term ma�s

January 26th, 2019, 11:10 AM

ElChacal

Considering that when you buy and Option you pay Premium and it loses value as time passes, I am seriously considering Selling SPY OTM options as my new sole trading instrument.

Update: I�ve simply been buying calls. They are much cheaper.

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SPY, SPX or /ES?

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SPY, SPX or /ES?