NYSEARCA:SPY

406.91
0.47 (0.12%) 1d
0
COMMENT
put buying SPY put buys: 30,000 of the July 377 puts, and 100,000 of the June 345 puts, and 18,000 of the July 22 expiring 385 puts. This action may not be over just yet, because there's still a lot of buying.
E.T.F.'s

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DON'T BUY
She is handpicking stocks in this bear market. Choose individual stocks. It's hard work--read the reports and listen to the calls, but it pays off. Don't buy the SPY, but would own the stocks in that ETF.
E.T.F.'s
DON'T BUY
Not his favourite place to be. The Canadian market is better on a seasonal basis. Be careful of timing and wait for corrections.
E.T.F.'s
BUY
Today's session (a knee jerk bounce after Biden announced oil sanctions against Russia) signalled to her that if we get even a whiff of good news, that we'll see a giant rally. We're hungry for any kind of good news (out of Russia/Ukraine). She bought some SPY calls at the day's end.... If peace were announced tomorrow, she could see crude oil sliding by at least $25/barrel.
E.T.F.'s
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TOP PICK
Largest ETF in the world tracking the S&P 500 index. Social media mentions are up 278% for the past 24h suggesting an optimistic popular outlook for the S&P 500 in 2022.
E.T.F.'s
BUY on WEAKNESS
Likes the US, has a lot of quality. At this stage, slightly overbought at 65 RSI. Wait for some more volatility. Long-term, it's a great way to access the 500 largest cap names in the US.
E.T.F.'s
COMMENT
Having a tilt towards tech has worked well. While we get into low inflation, these will do well. There are signs that underlying the surface of index returns, the market may not be as healthy as it might appear. A narrow group of stocks are driving the returns.
E.T.F.'s
COMMENT

Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.

E.T.F.'s
BUY
Defensive ETF? Not a bad idea to dip into the broader index at this point after the selloff. SPY is the most well-known name. Now right below the 200-day moving average.
E.T.F.'s
PAST TOP PICK
(A Top Pick Dec 17/18, Up 43%) He sold SPY June $250 put. At the time, it was trading around 245. He hedged his bets on the downside by buying a June 230 put. This means if the S&P500 collapsed below 230, it would be put to somebody else. He took in $6/share.
E.T.F.'s
COMMENT
Did 3 puts on May 10 at 284 and paid $9.61 on May 13. It was at 280 or a loss of $4/share, but the put went up to $11.13. Why did the put not protect the SPY position? Are the puts a good way to protect long positions? Problem is, options have a delta--they don't move dollar-for-dollar with the underlying security . The delta would be around $50 for him, so the option likely moved 50 cents up every dollar that the SPY moved down. So that's not 100% protection. He'd need 6 puts instead of 3.
E.T.F.'s
COMMENT
He wants to see an event such as a report to buy into the market at a good time. He's not doing any puts, but would wait for news and then buy in.
E.T.F.'s
COMMENT
Anymore upside? A fantastic ETF. Nobody knows when the top is, but we've enjoyed a great rebound since December 2018.
E.T.F.'s
BUY

Do you recommend ZWS as a hedged covered call or prefer something else, and would you hold it at the only US equity in a portfolio? To answer the latter, no. And he prefers SPY-N as your core holding; it pays you yield and cash flow, becuase it holds high-dividend stocks and sells covered calls against them. Also, US dividends are taxed in Canada and don't benefit from the dividend tax credit.

E.T.F.'s
TOP PICK
March300 calls It's a short-term trade. The $300 calls will cost around $18. If you believe markets will continue to rise, this is how you play it with limited risk. The VIX is low. If the S&P goes to 3,200, you'll get a double on this option.
E.T.F.'s
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SPDR S&P 500 ETF(SPY-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 3

Stockchase rating for SPDR S&P 500 ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

SPDR S&P 500 ETF(SPY-N) Frequently Asked Questions

What is SPDR S&P 500 ETF stock symbol?

SPDR S&P 500 ETF is a American stock, trading under the symbol SPY-N on the NYSE Arca (SPY). It is usually referred to as AMEX:SPY or SPY-N

Is SPDR S&P 500 ETF a buy or a sell?

In the last year, 3 stock analysts published opinions about SPY-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SPDR S&P 500 ETF.

Is SPDR S&P 500 ETF a good investment or a top pick?

SPDR S&P 500 ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for SPDR S&P 500 ETF.

Why is SPDR S&P 500 ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is SPDR S&P 500 ETF worth watching?

3 stock analysts on Stockchase covered SPDR S&P 500 ETF In the last year. It is a trending stock that is worth watching.

What is SPDR S&P 500 ETF stock price?

On 2022-12-02, SPDR S&P 500 ETF (SPY-N) stock closed at a price of $406.91.