2 questions about SPY

M

michael21

Firstly, what is the tick size? is it like a standard stock? Right now it's trading at about 115.57 so is it a standard 1 cent tick size?

2. If I'm looking for stuff that moves not like whipsaws but moves, am I better off with the SPY or individual stocks?

Thanks

First 3 answers get my appreciation....after that you're out of luck :-)
 
Quote from michael21:

Firstly, what is the tick size? is it like a standard stock? Right now it's trading at about 115.57 so is it a standard 1 cent tick size?

2. If I'm looking for stuff that moves not like whipsaws but moves, am I better off with the SPY or individual stocks?

Thanks

First 3 answers get my appreciation....after that you're out of luck :-)
More...

SPY is an ETF so trades like a stock. SPY is a broad based in index so will have a lower volatility than many individual equities. I can't choose for you the best product to trade. Day traders need volatility, so more volatile is often better.
 
Quote from michael21:



2. If I'm looking for stuff that moves not like whipsaws but moves, am I better off with the SPY or individual stocks?

Thanks
More...
Mr M21;
For educational purposes only...
Better off learning /earning [less losses] with SPY;
less losses, which i consider business exspences...

Thats wisdom, profitable to direct.:cool:
 
Two things

1) Yes it trades one penny "tick" - You can get in and out on the bid and ask .01

2) It trades with extra volume then a ordinary stock. It has at least 10,000 shares available on each side at all times. This is what is unique about SPY. Its priced high at 120 something and still has 10k 20k shares available to trade any moment
 
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