E-mini S&P500 alternative = SPY?

[SPT]

I guess I will figure it out myself. As always trial error will solve the problem over time.

 

[murray t turtle]

Hello

is SPY stock version of E-mini S&P500? If so does it move almost identically?

If SPY isn't, which stock version moves identically as E-mini S&P500?

I am looking to trade SPY by looking at E-mini S&P500 chart and dom.

How much is 4 ticks of ES equal to SPY? Is it 0.04?

During first 2 hours of new york open, how many shares get traded at each 0.01 (1 tick)?

Thanks!

%%
You might not like it-it pays dividends;takes all kinds to make a market

 

[lexia]

1 E-mini S&P 500 index contract = 500 SPY shares.
1 E-mini SP500 Point = .10 SPY cents.
1 E-mini SP500 Point is $50.00 USD = .10 SPY cents (times 500 shares) is $50.00 USD.

 

[SPT]

1 E-mini S&P 500 index contract = 500 SPY shares.
1 E-mini SP500 Point = .10 SPY cents.
1 E-mini SP500 Point is $50.00 USD = .10 SPY cents (times 500 shares) is $50.00 USD.

That is exactly what I needed. Thanks!!

So when 4 ticks move on ES, does SPY move approximately 10cents?

I am not familiar with stock, but for spy typical days I see about 4000 shares on bid and ask. That is only equivalent to 8 contracts ES. Does SPY traded this thinly? Will I encounter slippage if I decide to market buy 20K contracts?

 

[rmorse]

I am not familiar with stock, but for spy typical days I see about 4000 shares on bid and ask. That is only equivalent to 8 contracts ES. Does SPY traded this thinly? Will I encounter slippage if I decide to market buy 20K contracts?

This will differ all day. If you want to buy or sell 20K shares, you might get nothing, you might buy it and see more offered. No one can tell you in advance.

 

[speedo]

I think your main issue with comparing is that a tick in the ES is .25 cents while in SPY their is no minimum "tick", it can trade at any value. The DOM's aren't comparable.

A tick on the ES is $12.50

 

[FreakofNature]

You claim to trade big but you dont know dick about SPY?

Something doesnt jive here.

 

[SPT]

You claim to trade big but you dont know dick about SPY?

Something doesnt jive here.

I already got the information I needed. No need to waste time here.

 

[Buy1Sell2]

SPY is inferior to ES because it's an ETF and has less liquidity. ES has over 10x the $-volume traded per day. And ES is almost 24 hrs trading...

Correct. Liquidity issues prevent efficient stop placement and can result in large losses whereas ES is an excellent vehicle to trade with great confidence in being able to risk manage effectively.

 

[JackRab]

You claim to trade big but you dont know dick about SPY?

Something doesnt jive here.

Haha... I almost put something similar down, but decided not to... I've hit my "negative poke"-limit...
That said, his account is probably as small as his knowledge re SPY, ES... Google Search to name a few.