Posted by falcon5678 on 6th of May 2011 at 09:19 am
Matt and all, perhaps we can all put together a
little list of ETFs and such that we can use to trade the system if
would like to use something other than SPY. Some people
can't short in their IRA (or RSP in Canada) and you have pointed
out SH as an alternative to shorting. Perhaps keep it
to 1X and 2X leverage. Is there a 2X short S&P?
I'll start:
1X Long- SPY, XSP (for Canadians on TSX - long
S&P500 hedged for US exchange risk)
I bought RSU before the close yesterday. It's the spy 2x etf
from Rydex. Not many shares so be careful, but got it for 46.09.
The low was 45.89. It's up about 2.5% or so today. Not bad for a
"few minute" trade. Of course, I'll hold it until the sell
signal.
Posted by falcon5678 on 11th of May 2011 at 11:37 am
Thanks guys. Here's a terrific site I just found
with all ETFs. The great thing is you can narrow by
category - so here are all the ETFs that deal with S&P.
It would be an interesting exercise to calculate the total value of
shares/contracts traded in the global multiverse in order to gain
exposure to the S&P500 index.
To buy the S&P500, you can:
- go long SPY (x1), SSO (x2), UPRO (x3) or a few other less liquid
ETFs
- go short SH (x-1), SDS (x-2), SPXU (x-3) or a few other less
liquid inverse ETFs
- go long the e-mini ES futures contract or the original larger SP
futures contract
- trade options
- here in the UK, you can gain exposure to the S&P500 via a
Pound Sterling denominated ETF which trades during London Stock
Exchange hours - how? I emailed iShares to find out: "...using
proprietary pricing models that utilise futures, ADRs and proxy
pricing information to indicate underlying price (as markets would
be trading at different times)."
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Different Vehicles to Trade SPY System
Posted by falcon5678 on 6th of May 2011 at 09:19 am
Matt and all, perhaps we can all put together a little list of ETFs and such that we can use to trade the system if would like to use something other than SPY. Some people can't short in their IRA (or RSP in Canada) and you have pointed out SH as an alternative to shorting. Perhaps keep it to 1X and 2X leverage. Is there a 2X short S&P? I'll start:
1X Long- SPY, XSP (for Canadians on TSX - long S&P500 hedged for US exchange risk)
1X Short- SH
spy vehicle..
Posted by burkmere on 6th of May 2011 at 10:12 am
I bought RSU before the close yesterday. It's the spy 2x etf from Rydex. Not many shares so be careful, but got it for 46.09. The low was 45.89. It's up about 2.5% or so today. Not bad for a "few minute" trade. Of course, I'll hold it until the sell signal.
Thanks guys. Here's a terrific
Posted by falcon5678 on 11th of May 2011 at 11:37 am
Thanks guys. Here's a terrific site I just found with all ETFs. The great thing is you can narrow by category - so here are all the ETFs that deal with S&P.
http://etf.stock-encyclopedia.com/category/s&p-500.html
For the TSX: 2X long -
Posted by pebs on 6th of May 2011 at 09:43 am
For the TSX:
2X long - HSU.TO
2X short - HSD. TO
HSU and HSD not very
Posted by yojimbo on 6th of May 2011 at 09:52 am
HSU and HSD not very liquid. 50,000 to 200,000 shares traded per day. just so you know.
Title: Other S&P500 trading vehicles Falcon,
Posted by philosoraptor on 6th of May 2011 at 09:28 am
Falcon, my blog post from the other day:
It would be an interesting exercise to calculate the total value of shares/contracts traded in the global multiverse in order to gain exposure to the S&P500 index.
To buy the S&P500, you can:
- go long SPY (x1), SSO (x2), UPRO (x3) or a few other less liquid ETFs
- go short SH (x-1), SDS (x-2), SPXU (x-3) or a few other less liquid inverse ETFs
- go long the e-mini ES futures contract or the original larger SP futures contract
- trade options
- here in the UK, you can gain exposure to the S&P500 via a Pound Sterling denominated ETF which trades during London Stock Exchange hours - how? I emailed iShares to find out: "...using proprietary pricing models that utilise futures, ADRs and proxy pricing information to indicate underlying price (as markets would be trading at different times)."