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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Jerry Olson who wrote (8198)	11/10/1998 8:24:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

I never traded SPyders. They do trade like stocks except they are exempt from the downtick rule. The problem is the leverage. If you are trading the spoo or the small contract there is more bang for the buck. a ten point move on 4 contracts is $10,000 but you need only about $50,000 to control 4 contracts. On the SPyder I think you need about $60,000 to control a lot of 100, considering you are at full margin. I don't know for sure though; just trying to reason it out. It does not appear to trade precisely point for point as the spoo went into 4 o'clock slightly higher than the SPY. Not much though so it's pretty close, I guess. I don't think the speed issue is completely the fault of SI. But then I'm a techno-illiterate. I was a manager of a communications network in a prior incarnation. Which just goes to show you, with the right people working for you even a person that knows nada can look good.

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