Opinions
Don Vialoux
SPDR S&P 500 ETF
SPY-N
PAST TOP PICK
May 29, 2015
Stock price when the opinion was issued
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He did a put spread on May 2, the 500-520 end of July put spread. He wasn't concerned about NVDA or tech, but to the market's reaction broadly to Nividia's earnings. Rally broadening in the S&P had not happened. You're limiting your downside with a spread. He bought back the 500 put, which leads him long only the 599 outs.
Premium contentThe SPDR S&P 500 ETF (SPY) is a well-established exchange-traded fund that seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The ETF holds a wide array of stocks, providing broad exposure to the U.S. large-cap equity market. Established by State Street Global Advisors, SPY is a popular investment vehicle among individual and institutional investors due to its diversification, liquidity, and historical performance. Social media mentions are up 4% in the past 24h.
(A Top Pick April 14/15. Up 0.79%.) On average, the US and most global markets peak on May 5, so the whole idea is that you want to own this until May 5. He got out on that date, but it turned out to be a little bit early.