SPDR S&P 500 (SPY): Beautiful question. Frankly, it was i...

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Re: blasher post# 82124

Wednesday, 06/03/2009 9:19:16 AM

Wednesday, June 03, 2009 9:19:16 AM

Beautiful question.

Frankly, it was inspired by the famous Scamman. You get the best buck out of your money. Some say the bid/ask spread is two wide..50c to a buck...but there is where the opportunities come from...as opposed to nickels and dimes..on the base of one contract you get $100 in a few seconds...mind you, you could loose just as fast...imagine for 10 contracts ...a thousand easy...and because it is an index...it goes up and down all days...unlike stock options...it moves in the morning and stay flat all days most times...and they are subject to insider tradings/earnings... and the index is more fair...OEX comprises finance, tech and oil, a good represention of everything...

as Scamman used to say...two strikes out...

2bit

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