SPY

SPY-Talk

I watched SPY for the past 5 years or so and the day I started trading options unrestricted they changed it to a 24 hour ETF so it started behaving completely different. One thing I’ve noticed after the change SPY will typically right at open pump the opposite direction of the big move for the day. it does seem less organic

nabicanklez

I only trade IWM options. Sometimes QQQ/SPY Fridays I do TSLA 0dte 😍

1-Dollar-Doge-Coins

These headlines are funny while SPY remains around ATH. Yes, dollar has devalued, but DXY is only down about 3% in the last 6 months. All that said, foreign exchanges are outperforming the US, but there hardly seems to be any sort of mass sell off for the US.

fire_alarmist

Dont let them gaslight you, this sub is currently overrun with bots/maga grifters/bad traders that never won before this idioicy that want this this price action to continue. It is astoundingly different from even a year ago. I got into day trading heavily like 2 years ago, I almost never lost a trade when I started. Especially stock trades I legit could count on my hands my losing plays over that first year, I made out massively on the April dip and following taco rally. But ever since May, conveniently when mango called all the big finance ceos together for a meeting, its just been a total slow bleed out and theta cucking and nonsensical price action with zero retracements ever and blatantly manipulation. This entire market is just stair stepped up from SPY 550 by large scale finance/government collaboration to turn off sells, inject billions at opportune moments and short squeeze up to the next checkpoint and then theta cuck and hold it up there. You will notice the main days we went down are days when bad bond auctions forced the Fed to unexpectedly have to allocate even more capital than required to prop up the bond market, which took priority over the stock market. You are correct, this entire stock market is a fugazi that hasnt had any real price discovery since May of last year really and we have had like 3 big liquidity crisis scares in that time. Every time there is bad news and the market starts to price it in, Mango just does something else that is world shattering then tacos from it to create a mechanical vix crush so that the original issue's downward momentum can be captured and the market cannot continue to price in the original bad news.

Happy-n-Healthy

So when will SPY drop 30% in a day? Oh yeah it didn't double in price in 2 months...

x7_omega

This is not about complacency or even sentiment, there is no thought process in this at all, and it doesn't matter in which market it happens. You are at the right place to understand this, but instead you bring all that stuff. In 2020 something new happened: people were locked up, bored-bored-bored, and cashed up. Robinhood was ready for them, and they liked it as an unsupervised teenager likes \[you know\]. Before that, there were smart money (Wall Street), dumb money (retail, CTAs, pension funds and such) and a few speculators. That is where all your slides apply, until 2020. In 2020 and to this day, a third group entered the game: you, fine people. Unlike smart money, group3 has zero risk control, infinite pain tolerance, and cooperative behaviour with near real-time coordination. Unlike dumb money, group3 has near real-time reaction, complex trading instruments, leverage stacked upon leverage (options) and a tight grip on gamma (because market makers need to hedge all your bets to maintain zero market risk). You are the very weapon of mass destruction that Warren Buffet warned about, but empowered and emboldened beyond his imagination. You know what happened to stocks and who did it. XYZ full port yolo - and there goes $100k into some bs stock that should not even exist. Market maker gets all that risk and hedges it with other derivatives, so that you go long calls, and they go long with futures with a multiple, no less than 10. Your $10\~100k calls created $0.1\~1M directional bet for that bs stock or SPY or whatnot. Millions of people did it, and now a trilli is flying directionally for no particular reason, moving market, triggering the dumb algos that chase momentum and such. Self-reinforcing move creates a trend that makes no sense but everyone is happy and posting screenshots. That is how stocks went up from April till recently, but then stopped. Why? Because attention shifted to other things - not bitcoin this time, which is why it is in the toilet. Silver, other metals - suddenly people started posting stuff about metals they couldn't spell a week ago, and chasing up stocks that have nothing but name. And it worked, all that stuff spiked. But at some point the attention shifts, the hot trilli finds another airport to land in, and the highly leveraged big disappears, leaving behind a trail of bags and stunned holders. This is the force that moves markets now, but not all markets, only the once that got attention. Silver market has just upset much of group3, and left behind too many bags and burnt accounts, which is why all that talk of physical shortages and this or that will not hold the price up. It was hot trilli that did the spike, and now it most likely will move on, for a while. If it stays, silver will paint another spike in weeks. This will be the attention test. Next potential airport is oil. Not for some particular reason, but because it is fresh. Trump will say something or look mean at Iran - oil goes up, hot trilli flies into UCO, and behold, oil does silver now, much to the surprise of analysts and other people who try to make sense of the cycles. This is the cycle: hot trilli lands - airport spikes; hot trilli departs - pile of bags is left behind. Find which market is next trilli airport, and you have advantage over most of Wall Street and all of dumb money.

Bfthorpe022

!banbet SPY -20% 180D

bordumb

You didn’t lose it. You gambled it away. Consider yourself lucky that you only lost $1,000 or so. If you make the same avoidable mistake when you’re older, that’s 100% on you. Learn and grow. Don’t get out of the market, though. Just stop gambling. Buy SPY or VGT index funds and sit on it.

ch0c0l8cake

Exxon goes up 15% and SPY does nothing LMAOO

gopoohgo

Segal from UPenn wasn't that far off from that either.   He thought it would be more SPY493 though

Mackenzii91

!banbet SPY -10% 1w

Temporary-Alarm-744

!Banbet SPY 680 1 week

hallett21

!banbet SPY 700 1 week

No-Improvement3164

My watch list stocks are down 20-50% and SPY $5 off ATH. 😂😂😂

diskfreak3

https://preview.redd.it/5h43s6812pgg1.jpeg?width=1080&format=pjpg&auto=webp&s=5b05acd7dbc16357f8649f167972eafe9db3f049 Monday is gonna be interesting for SPY....

Much_Candle_942

> falls below my strike price Playing with fire buddy! Read up on "assignment risk". Be ready to cough up 700x100 ($70K) times two contracts to exit a bleeding position. SPY can be assigned before expiry.  There are other instruments that can only be assigned at expiration - but I'm not going to lure you there, because you've lots to learn first. Suggest, you play with virtual trading for at least a year, till you understand all greek stuff, assignment risks etc. 

Pazzaaaaaa

Ah I remember my SPY puts got destroyed that day because of this bullshit announcement. Everyone was hailing it as one of the biggest announcements in the past decade. Fuck Sam Altman

Plane-Flight5670

I think Fidelity is 4:15p ET for things like SPY options.

DreamfulTrader

Stop selling options - *why do you sell OTM options?* Does it fit your lifestyle - intitial capital you can afford to lose, time you can spend to watch the charts analyse, risk/stress factor? or just what you say online with easiest way to make money on some videos? Making 60$ is realatively easy with dat trading options Easy strategy but needs consistency: * Buy 1 option contract to open near ITM and close to make your 5-10$ profit. Be consistent. Sit on your hands when you don't see the chart showing your strategy. Trade 1 time a day. * Grow your account, keep same stragey, once you double the account, add 1 more contract, keep doing so * **It is slow and boring. Very few people want do it.** They just jump strategies and tickers to trade once they see some videos * Once you reach 10 contracts, you will be getting your **$50-60 per day** * Start with cheaper options like SPY, QQQ - watch the movement of chart vs options price near ITM for 2 weeks before starting with real money. You just need to start with $200-300 * SPY, QQQ moves same as SPX as they are same * That's how I grow my account

nontrollusername

And my SPY will benefit from this. I did the same OP. Good riddance

Neel_Crashkari

Ok, I'm being a dick now. Fish and chips is pretty tasty actually. SPY 700

Unique_Driver4434

That's not a sure thing anymore. The entire world is talking about how the US dollar is losing value, how the US is on the brink of a potential economic crisis, and America is now being called a "declining nation" by many. Bear markets can and do happen, and if a country is losing its financial footing in the world, it could last a lot longer than those who invested in the SPY in 2000 and ended up with negative returns by 2010 after holding a decade. US could easily become like some of these other countries with S&P equivalents that just move sideways most of the time.

Cav829

It's kind of basic and boring: we're trapped by a long-term support ceiling and investors have pretty much run out of cheap money for a break out. You can't keep flirting with SPY 700 forever: you need like a clear pierce and a huge break out to convince investors it's worth it because the risk is insane and the entire system is so over leveraged at this point. Liquidity is drying up. Like dragging this carcass of a market through next week by sheer force of will is mostly about wanting to at least see earnings on most of the Mag7 and a few other major players. You basically need Google, AMD, and/or Amazon next week to give you something so beyond expectations that it'd be like what Sandisk showed, but for a way bigger player.

M18PowerKing

Will SPY ignore US airstrikes on Iran or will it dip?

Ok_Cry7572

SLV 9 green months in a row. Longest streak ever. Hit the elusive $100 mark. Sold off hard. SPY 9 green months in a row (total return wise). Longest streak in 9 years. Hit the elusive 7,000 mark. What comes next you think?

floo82

Gold has moved with SPY fairly closely since April at least, see gold crashing WITH the stock market on liberation day. Silver has been moving with SPY since Nov, and it gave me the heebie jeebies too

dogefool88

SPY 200 on Dec 31 2026

orangeyougladiator

Gold and Silver got pinned to SPY earlier today week. That was my clue to get out

btoned

TIL gold and silver up double digits YTD, the dollar down like 8%, Bitcoin at 85k, SPY near 700, and housing at double the valuations from 2019 means a *crash*

perceptive_AI

> In 1981, 30-year Treasury yields peaked around 15% to 15.84%. Investors who bought these bonds locked in these payments for three decades. 30 years of guaranteed returns better than SPY

Crazy_Donkies

Guarantee Warsh makes a statement in a couple days saying interest rates are too high. SPY 700 after that.

kazkeb

SPY closed down less than 1% from ATH

Appropriate_Trade450

I would hold a little longer. At least see what AMD earnings and the govt shutdown does to the stock. It might lower it ultimately, but at this point, you at least owe it to yourself to take that chance a day least be able to know. What if you get out now and then ultimately see that you should have been patient? And yes, I know how you feel. I have always have a smaller account and last summer through SPY options took my account from under $5k to a little over $40k in a matter of a week. Was recommended IONQ, took a shorter length call option and threw my whole account at it. Lost about $30k in a few days. Soul crushing experience. Could have set my wife and I up very well financially if I had just thrown it at something more secure and farther out. Stay in a safer wheelhouse than you did this time and diversify a bit more possibly. Or at least don’t throw a large portion of your account in one direction like this. Especially with who we have in office right now and how turbulent things are. Sorry you’re experiencing this and sorry people can be lame in the comments. This stuff is real life and Redditors can forget that.

Accomplished-Club690

Bought a small strangle on SLV, and shorting spx into monday. Couple 690 puts on SPY aswell

MuchSignature742

Lesson learnt: never trade while hungry. Most of yall made losses believing something would go up. Whats worse is I believed SPY would go down and then I sold my puts at a loss because it was going up. … and I bought calls and sold for a further loss. The day before I made 8k. I lost 12k for being a dumb cow. https://preview.redd.it/frvqi3y1wlgg1.jpeg?width=287&format=pjpg&auto=webp&s=327b4024c85aeffd23ccac2682711ed9e812fed2 Fuck this market.

Bfthorpe022

When is SPY going to crash like SLV?

tastelikemexico

I do this sometimes on SPY or QQQ at the end of day. They are so crazy in the mornings that if they gap up or down they usually run the opposite way. I have cashed both sides quite a bit. I don’t do it enough to have stats or anything. I should start doing it more often. Does anyone play that strategy?

cowboycookie1337

I swear to god if we start WW3 to protect the president from a 🧃blackmail plot I’m gonna flip the fuck out. 2/2 SPY 695c

dingusmingus2222

If SPY is only down less than .5% why is my port down SO much?... :(

pineapplekiwipen

According to Gemini pro SPY closed +0.02% on the day Jpow was announced

Far-Guava6006

Depends on the timeframe. Weeklies and 0dtes can swing 50% in minutes. It also depends on the volatility of the underlying asset. If I'm trading MU options, I allow significantly more wiggle room than I would for a ticker like SPY. However, usually it's better to trade the structure such that you manually sell if the structure breaks rather than if the option price swings down but the thesis isn't broken.

FuckleUp

So I’m minding my own fucking business behind a Wendy’s dumpster and this old spray on tanned fat fuck sticks his rotten carrot sized thumb 👍 up my ass. All I heard him say was Barron this one’s for you. Anyway now have enough for a 0DTE SPY call Monday 💰

Bennyboi1232

Cut losses and put all in on 1 day SPY calls.

FloppyButtholeJelly

Took 21k Profit could have been 130k but oh well. Profit is profit. I’m hoping funds rotate back into SPY yolod 13k on SPY calls for next weeks 

strongest_nerd

$SPY closed higher than it opened. How's that a crash?

Icy-Motor-8519

Is it too much to ask for a 2-3% green or red day on SPY on Monday? Either or I’m good with 🫠

WSB-mods-are-

SPY calls again?

CableIllustrious1609

RIP your account bro, SPY only goes up until it doesn't and by then your puts are already expired worthless

naturelovaaa

SPY $710 next week possible?

Inevitable_Pin7755

Big picture, it’s not crazy, but there’s a lot of overlap and a couple of odd weightings. VTI and SPY overlap heavily. You’re basically doubling down on US large caps without really meaning to. If you want total US, VTI already does that. SPY on top doesn’t add much except concentration. NLR at 18% is pretty aggressive. Nothing wrong with having a thematic bet, but almost a fifth of the portfolio in one niche sector is a lot, especially for money you might need for a house or wedding. That’s the piece that makes this feel riskier than it looks on paper. BND makes sense if your timeline is shorter, but if those big purchases are still several years out, you might be dampening growth more than you need to at 27. Same with IAU, it’s fine as a hedge, just don’t expect it to move the needle much at 4%. If it were me, I’d simplify. Pick VTI or SPY, not both. Keep VXUS for diversification. Decide whether NLR is a conviction play or just an idea, and size it accordingly. The cleaner the portfolio, the easier it is to stick with when markets get rough. Overall it’s not reckless, just a bit cluttered and slightly concentrated in places that don’t line up perfectly with your stated goals.

orangeyougladiator

SPY gonna open Monday at about 710, marking the first time it ever opens above 700, where it hasn’t even closed yet

Bluefire-scarab

I know. We should do something about it. Something to protest. We should buy SPY calls expiring in late March to demonstrate our anti war positions! 

Stonks303

1. The dollar went up 2. The stock market did not crash. The move on SPY & QQQ were within 1 standard deviation of a daily change. 3. Proceeds from trades can sit in cash, reduce margin, or flow into treasuries and may have moved out of tech into other industries.

NegativeHunt2344

The whole market is destroying high beta stocks, I had APLD at 8, sold at 14, bought back 20-24, sold 36, it even crashed 11% today Just tech is getting wrecked, while SPY is -.2% I try to sell calls every week too, I got into this 2 week ago thinking I’m smart to use 8k margin, sell for 3% gain, but didn’t get assigned

Genesis-Local4781

Puts on SPY for the unforeseeable future; it’ll all go to you.

NegativeHunt2344

I mean SPY is up on the year… rn I’m down 10%

NegativeHunt2344

But SPY

sn0ringFoxy

Fair point. I just listed SPY as a general representation of the stock market. I was trying to note how precious metals were ‘*supposed*’ to be a safe hedge against fiat and the broader market but that kind of flew out the window today >!*several stories high*!<. Right or not many people rag on investing in Crypto as a hedge against the dollar/stock market for understandable reasons: perceived risk, manipulation, small market cap (~$3T) compared to other asset classes, etc. So drastic price movements even in Bitcoin are shrugged off but the same *shouldnt* apply to Gold and Silver. While silver has been pumped like a memestock recently, the amount of money involved in today’s movement across both Silver and Gold doesnt justify the drastic movement even if all retail coordinated and sold at once. Precious metals and the stock market are supposed to be separate per the old thesis, but they are not meant to be extreme inverses of each other when one is ending flat for the week and the other just lost trillions in value within a single trading day.

gotcreme

Do you even beat SPY?

lipmanz

Welp January was up for SPY but not for me

fire_alarmist

How did the algos manage to turn a once in a century precious metals movement day into a chopfest nothingburger on SPY?

No-Improvement3164

HOOD back to September levels when it was added to SPY

Fit_Call_7712

Yeah buying the dip works until it doesn't and then you're left holding bags while the stock keeps drilling, just DCA into SPY or VTI if you want actual gains instead of playing with fire

Cockballzz

Transfer that metal money into SPY Can we finally reach 700?

Templar_Swamp_Stake

It’s very hard to make any money trading options. If you want to screw around it’s safer to day trade individual stocks or ETFs. If you want to be really safe just put it in SPY and look at it every 6 months.

WSB-mods-are-

Lol imagine buying SPY calls without base knowledge of quantum mechanics

No-Improvement3164

My watchlist appears to be in a bear market yet SPY barely sold off.

gavbot_1213

SPY is flat forever!

Ok-Educator5253

Why have an IRA managed by an advisor “friend of the family”? Pick SPY VT VTI VOO VUG SCHG or QQQM and call it a day. You aren’t paying him I hope.

VincenteThomp

My SPY stays die, my QQQ is poo poo poo, and my Gold smells of mold.

Emotional_Tie_7927

SLV is a dry run for what's coming to SPY

PracticalAnywhere225

Who got kicked out of the Mag 7? 😂 But yeah, I think stocks are about to make their next move and I don't think it's going to dump. SPY 7000, Nasdaq near the record high on Wednesday. I am bullish. Just wanted to hear people's take.

cripky

Lost the last remnants of my trading account today on SPY puts and pm calls. Withdrew 99.99% of it last month though LMAO 🤌

Ok-Beach1673

This portfolio ain’t it. Why try to pick sectors when you can own them all through SPY? Feel like this is needless friction in a portfolio and the ER on these funds is most likely >0.5%

2016KiaRio

I'm up today despite massive losses on LUNR because I timed my SPY buys. And my comment was for yesterday intraday. It closed an entire $10 higher than it bottomed out at. Had that not recovered yesterday, today would not have been like this. You were supposed to cash out big time on the massive recovery yesterday.

WSB-mods-are-

There's a safe behind the portrait of Warren Buffett in the executive office at Berkshire Hathaway. In that safe is a bottle. In that bottle is a note left before he retired that he said would be the ultimate moneymaking secret to the next year. It reads, "Sell SPY $700 calls"

wenxuan2

Only me wishing that SPY is able to drop like SLV one day? If not for circuit breakers

WSB-mods-are-

I could've had 470 Little Caesar's pretzel crust pepperoni pizzas today. Instead I blew that on SPY calls.

The_AFC_West

We have also had enough market downturns that people don't get panicky anymore. Especially regular investors, they take a strong buy the dip approach that has kept our stock prices high. Intrinsic value is high but not delusional, the MAG6 still has large enough cash flows to cover their high cap ex spending. The balance sheet is not looking bad for most companies. The issue is that a prolonged period of just stagnating equity prices when account for the value of the dollar does carry significant risk to reignite bear market fears. The SPY is what everybody not just Americans but the world buys. If that doesn't gain value over the course of multiple years I think many retail investors might start to look elsewhere. Combined with the death of boomers and the selling of their assets, I think we may be in for "Soft landing" but one that looks like Canada the past 10 years, with little to no overall economic growth.

1burritoPOprn-hunger

Why would SPY care about the price of precious metals? Isn’t the entire thesis of precious metals that they are separate from fiat and the stock market?

longdrivehome

Jumping on that last 20 minute SPY move saved my account from the other 7 hours 40 minutes of full fledge retard moves elsewhere jesus christ I'm an idiot

looool_k_libtard

People got crushed today (me included) on a minimally red SPY day lmao this shit is so volatile that a 5% correction probably nukes every decently high beta stock by 40%

version-two

I mean, a ton of tech stocks did sell of a good bit today. High beta plays, but I see a lot of red. I’m not saying the end is here or SPY fell 5%. And yes shiny rocks took a beating. We’ll see. It’s one day - but it was an interesting one. Maybe everything just had a correction at the same time

bearhunter429

#Yesterda and today were exactly the same. Both days SPY dipped -1.5% taking a bunch of stocks with it. Both days SPY fully recovered in the last hour while most stocks closed near day's low. LMAO🤌

brute-forced

SPY +1.28% YTD VXUS +4.08% YTD This moron is fucking all Americans.

UpwardCharterhouse

SPY opened at $691.85 and closed at $691.85 what a day.

Embarrassed-Sky6890

# “But SPY is only down .3%” I HAVE RETARD STOCKS LMAO

GoZukkYourself

SPY is the try safe haven 💖

Bizonistic

SPY goes down 0.36%, port goes down 6.4%, genius

GoZukkYourself

SPY is less than 1% from the ATH ✅ Most of this sub is in shambles ✅ I love this place so much.

Cav829

And just think, SPY hasn't even had its blowoff top yet, so there are so many opportunities next week to trap retail once again.

Ble_h

SPY down only .3% and I’m somehow down 15%. I am a clown.

ten7four

SPY and QQQ both green YTD btw

bodymindtrader

SPY will mimic Silver this year!

FeelingBlue69

SPY or SNDK? haha

baller1able

Oh look guys, SPY ending the day flat like it always does 🙄

HistorianMuch8963

SPY is just allergic to big red day. crazy

Emilio___Molestevez

don't even fucking bother $SPY pissing me tf off with that shit rn

gulaskek

SPY 690’s at 12:30

Icy-Motor-8519

SPY never ceases to amaze me. Fuck I hate it lol