SH vs SPY short - why so different? From 7pmSunday to last
night bottom SH was a 8.8% gain, but short SPY was only a 2% gain.
Why? Does anybody know? SH is not leveraged, it
is supposed to be straight inverse. Anybody have insights
into this?? (it is very important to my strategy, and if I
understand it better, maybe arbitrage opportunity for all of us)
[I do not mind a little inconsistency, but 4x
different!]
[I have one guess, in extended overnight hours,
which these both trade, Shorting SPY is not allowed, so hence, in
extended hours, it might be "restricted" on the downside....]
Thanks Steve, yes, afterhours they are pretty consistent, but I
also trade in Extended Hours. Agreed, if I do not understand
this discrepancy, maybe I should not trade extended overnight
hours, but I also work fulltime. . . and overnight is having some
of the biggest moves... so it is an important time period.
Any insights or knowledge from anybody on the Inverse EFTs in
Extended Overnight hours?
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SH vs SPY short -
Posted by Walt on 15th of Jun 2020 at 09:00 am
SH vs SPY short - why so different? From 7pmSunday to last night bottom SH was a 8.8% gain, but short SPY was only a 2% gain. Why? Does anybody know? SH is not leveraged, it is supposed to be straight inverse. Anybody have insights into this?? (it is very important to my strategy, and if I understand it better, maybe arbitrage opportunity for all of us)
[I do not mind a little inconsistency, but 4x different!]
[I have one guess, in extended overnight hours, which these both trade, Shorting SPY is not allowed, so hence, in extended hours, it might be "restricted" on the downside....]
Walt: Just examine this morning
Posted by steve on 15th of Jun 2020 at 09:10 am
Walt: Just examine this morning -both are quoted about 2.1% higher (SH long and SPY Short)
Thanks Steve, yes, afterhours they
Posted by Walt on 15th of Jun 2020 at 09:16 am
Thanks Steve, yes, afterhours they are pretty consistent, but I also trade in Extended Hours. Agreed, if I do not understand this discrepancy, maybe I should not trade extended overnight hours, but I also work fulltime. . . and overnight is having some of the biggest moves... so it is an important time period. Any insights or knowledge from anybody on the Inverse EFTs in Extended Overnight hours?