Which Is Better To Day Trade: SPY Or SPX? 🤫
@ZEROHERO:
Once again, I’d like to thank Tiger for awarding the weekly top predictions for QQQ and SPY today 🙏 Today, I wish to share which option do I prefer to trade: SPY or SPX. Before that, we need to under the background for each of them first. Same Same But Different? Though nearly identical in performance, there is an ocean of difference between the SPDR® S&P 500® ETF Trust (SPY) and S&P 500® Index Options (SPX). It is absolutely vital you understand the different nature of these two products before you place your first options trade. Both are fruits right? 🤔 The SPX, or the Standard & Poor’s 500 Index, is a stock index that is comprised of the 500 largest U.S. publicly traded companies by market capitalization, or the stock price multiplied by the number of shares it ha