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Strategies & Market Trends : Shorting SPY for fun and profit.
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To: studdog who wrote (116)12/8/1998 8:50:00 PM
From: pigfarmer  Read Replies (2) of 346
 
Does the SPY trade exactly like a stock?

For example, if I called my broker and said "I want to buy 100 shares of SPY," and it was trading at, say, 118 3/4, does that mean the cost of the shares will be 11,875 (+commissions)?

Thanks in advance!

(have never traded SPY before, but want to)
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