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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (5)	11/2/1997 1:04:00 AM
From: studdog	Read Replies (1) \| Respond to of 346

Good choices Esteban, especially amat, wdc and orcl. SPY's are Amex traded depository receipts (S&P Depositary Receipts, hence "spiders"). Unlike options, they are traded like stocks and are designed to track the S&P 500 and generally they do. Sort of like a mutual fund index but you can trade it during the day and can even short it on a downtick. As far as costs, it depends on what your broker charges. I use Etrade so it costs me $15 for a priced trade. I'm pretty sure options cost more but I could be wrong. I don't have an option account. Karl