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SPDR® S&P 500 (SPY)

NYSE
Currency in USD
Disclaimer
499.59
+4.43(+0.89%)
Closed
Pre Market
500.87+1.28(+0.26%)

SPY Comments

Is this a good investment long term?
in your dreams
Not, until it sheds a third to an half of its value.  For now, it is only viable as the underlying of an out of the money PUT... You could have made at least 300-400% in the last 2 days buying just PUTs and if you had alternate between PUTs and CALLs a more than interesting profit.  Beware not to hold too long and watch your technical indicators closely.  Most of all, sell before the end of the day and never keep a losing position, you can always try again later, but never when you have anything left. ;-)
If you like buying the top
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