When will SPY split?

destriero said:
WTF does that even mean? One contract of the synthetic is 100 shares. WTF are you talking about the synthetic when you can buy a single share for <$400? Seriously, is this thread a joke or is something wrong with you?
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If you don't understand, there's no need to yell. I buy options here the same as everyone else. The options I buy are usually in the $8-$9K range, and on SPY. The price I buy at is a percentage of the notional, so 40K is relevant. Since the price has risen significantly, it's getting harder to buy these options on a weekly basis with my fixed income. Splitting the ETF would bring the options I like back down to a range I can afford. I don't see why you are so angry?
 
Spaghetti Code said:
If you don't understand, there's no need to yell. I buy options here the same as everyone else. The options I buy are usually in the $8-$9K range, and on SPY. The price I buy at is a percentage of the notional, so 40K is relevant. Since the price has risen significantly, it's getting harder to buy these options on a weekly basis with my fixed income. Splitting the ETF would bring the options I like back down to a range I can afford. I don't see why you are so angry?
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There is no yelling font. It's disconcerting that anyone (you) can be this abjectly stupid. End of story.
 
ajacobson said:
When they start asking for a split - sit up and pay attention.
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Right dude. I know that you're background is on the floor, so I shouldn't have to write this... but they are never going to split a major index and as a result the tracking ETF. It will remain 10:1 SPX to SPY forever. Jeez, I wonder why.

This place is a fucking asylum. It's just cats all the way down.
 
Never on the CBOE floor - was in management. CME floor briefly and I agree that there is no split on the horizon. OP also pretty much laid out his lack of suitability - not my monkey - not my circus.
 
ofc you're correct that it doubles costs... but anyone here needs to ask themselves what the SPX and SPY value represents. And why you maintain a 10x ratio of SPX to SPY.
 
ajacobson said:
Never on the CBOE floor - was in management. CME floor briefly and I agree that there is no split on the horizon. OP also pretty much laid out his lack of suitability - not my monkey - not my circus.
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Not really sure how to learn about this stuff without asking questions.
 
Spaghetti Code said:
With more and more retail traders piling in, and S&P climbing higher and higher, when will SPY split? Not all brokerages support partial shares, and it's hard for many people to muster up the cash to even buy one share. On the flip side, SPY being high means there's a lot of leftover cash that can't be effectively moved in.

So, when will SPY split?
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%%
WHY a SPY split??One market maker ,Terry Savage,said they should split GME \ then it would go down some more.
Plenty of good ETFs under $400/including but not limited to qqq..........................................................................................................
 
murray t turtle said:
WHY a SPY split??
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The reason for the split is two fold. First, to get more retail traders on it. I think most of us here want more people trading it. Second, it lowers the options prices. It seems like the people who have responded so far are all hundred-millionaires and haven't thought about this for a while.
 
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