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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (30612)	12/8/1997 2:05:00 PM
From: Esteban	Respond to of 58727

The Spider can be shorted without an uptick, as I understand it, and pays dividends and is a complete mirror of the S&P 500. The main disadvantage is that there will be a marked reduction in leverage due to the increased amont of money involved on my end ... Nemer, how are you today? I really like trading SPY. The costs of trading it are very low. If you watch it a bit, you'll notice that more than 1/2 of the trades are within the already narrow spread, so costs are little more than commission, which for me is $5-$10. A far larger position as a percentage of capital than would be prudent in futures or options can be taken in SPY to offset the lack of leverage. Depending on how agressively you leverage your capital in options, the leverage factor may not be an issue. Esteban