NEW: Double weight spiders & Q's

Rearden Metal · Jun 26, 2006

While most everyone knows that trading the ES has better tax treatment than trading SPY, some of us still prefer to use the spiders regardless. I have my reasons...

Anyways, they've just introduced double-weight spiders and Q's. I'd like to see these gain in popularity and liquidity, so I'm doing my part here....

Double weight SPY= SSO

Double weight QQQQ= QLD

http://www.investor.reuters.com/Art...062306_1010_FEATURES_weighing_risk_and_reward

MTE · Jun 26, 2006

Can't wait to have options on these. Double whammy!

rtstrading · Jun 26, 2006

The Short QQQ - PSQ
and Short S&P - SH
and Short DJI - DOG

appear to be a way to be short the market in an IRA account!
No double shorts just the Ultra longs are double: QLD & SSO

JimmyJam · Jun 26, 2006

Quote from rtstrading:

The Short QQQ - PSQ
and Short S&P - SH
and Short DJI - DOG

appear to be a way to be short the market in an IRA account!
No double shorts just the Ultra longs are double: QLD & SSO

Very cool.

I'll have to look into those (boy they have something for everyone these days!)

Later,

JG

Pekelo · Jun 26, 2006

Quote from Rearden Metal:

Double weight SPY= SSO

This should be nicknamed the Cramer, because Cramer's portfolio performs exactly like this.

Rearden Metal · Jul 5, 2006

Double weight SPY= SSO

Double weight QQQQ= QLD

I want these to become liquid! If volume & liquidity can pick up a bit from here, it will attract more volume & liquidity as the snowball effect feeds on itself. Just trying to get the ball rolling...

ChaosNSX · Jul 6, 2006

Lets get the word out, SSO and QLD are where to be..

eusdaiki · Jul 6, 2006

are they traded on AMEX or NYSE?

Chagi · Jul 6, 2006

Yup, they are indeed interesting products. The double beta inverse ones should be particularly cool.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=55054

trendmomentum · Jul 6, 2006

Quote from Rearden Metal:

Double weight SPY= SSO

Double weight QQQQ= QLD

I want these to become liquid! If volume & liquidity can pick up a bit from here, it will attract more volume & liquidity as the snowball effect feeds on itself. Just trying to get the ball rolling...

Do you think you're gonna get a volume spike from the credit card traders-wannabe lurking around here on what is basically an institutional hedging product? LOL