Any veteran overnight traders in spoos?

Quote from Pabst:

YM will never trade more than 15% or so of the S&P volume. Few if any managers bogie's are versus the Dow and with only 30 stocks it's too narrow for much institutional notice. It does from time to time, provide hedge funds with spread possibilities against other indices though.
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According to the CBOT, the YM continues to become more popular and is setting open interest records. While the YM may never be as popular as the ES, I don't see why that matters to the small retail trader. You can do a 20 lot at any time on a Bid/Ask that is rarely more than 2 points wide and is often 1 point wide. Doing 50+ is not a problem if you go two deep.

For the small trader, that is perfectly suitable. Also, I happen to know that the CBOE MMs often hedge SPX with YM instead of ES.

nitro
 
Quote from nitro:

I don't understand what difference that makes. If you don't care enought that you would want it to dissapear, than why worry about what it does after hours or not? In other words, pretend it has already disappeared.

nitro
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Because it takes alot of movement away from the S&P so either it goes away or it starts to do something. Anything but what it currently does which is nothing.

The arbs make sure nothing moves without it.

Afterhours YM are just a cancer on the rest of the markets.

Market is just an abortion.
 
Quote from nitro:

.... Also, I happen to know that the CBOE MMs often hedge SPX with YM instead of ES.

nitro
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Actually these have some utility - I have traded these a bit successfully although by no means am I any expert .

I dont see any reason why these will be going away, especially if people continue to use them.
 
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