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Strategies & Market Trends
Shorting SPY for fun and profit.
An SI Board Since November 1997
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346 9 0
Emcee:  studdog Type:  Unmoderated
I have been shorting SPY to hedge my largely tech portfolio. Not a pure hedge but it has been working. Michael Murphy in Barron's presents essentially the same strategy using S&P puts. If the market goes up I will short more and will go net short at S&P around 96 or 97 . THis way I can keep my protfolio of long term holds intact and protect myself from any major downturn.

What do you SI stock mavens think of this?


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346 I'm mostly paper trading now. I prefer to be safe in volatile times. Peterfut_trade-3/7/2000
345 Hi Peter, hope that you are making some money. I was distracted by other thied doell-3/7/2000
344 Hi Peter, No, but I wish, & shoulda, woulda, coulda... LOL Thanks for youed doell-2/24/2000
343 short the SPX or SPY? I switched to futures trading -- the E-mini contrfut_trade-2/24/2000
342 Hi Peter, Sorry to have been away... you short the SPX or SPY? Where do you sed doell-2/24/2000
341 Fair - Cash Value of the SPX 02/03/00 7.62 02/02/00 7.71 02/01/00 8.14 *Dafut_trade-2/3/2000
340 John, are you trading futures? If so, which broker are you using and how are thfut_trade-2/3/2000
339 Hello Peter, Hope all is well with you. Regarding the premium indicator - IJDinBaltimore-2/3/2000
338 JDB, are you still looking into the premium indicator prem.x from I fut_trade-2/2/2000
337 S&P 500 Daily Statistics - 11/17/99 Stocks above 200-DMA: 244 Advances/fut_trade-11/17/1999
336 Nasdaq is churning away on HEAVY volume. On track to reach 1.6B shares today. fut_trade-11/17/1999
335 S&P 500 Daily Statistics - 11/16/99 Stocks above 200-DMA: 249 Advances/fut_trade-11/16/1999
334 Short Interest Highlights, AMEX Issues Thursday, October 21, 1999 Largest Shorfut_trade-11/16/1999
333 S&P 500 Daily Statistics - 11/15/99 Stocks above 200-DMA: 245 Advances/fut_trade-11/15/1999
332 Peter, The premium indicator is 100%, but as mentioned very short term. It wilJDinBaltimore-11/15/1999
331 5-Day Historical S&P 500 Statistics* 11/08/99,222,259,219,77,40,46,13,28,5fut_trade-11/15/1999
330 S&P 500 Daily Statistics - 11/12/99* Stocks Above 200 DMA: 230 Advancesfut_trade-11/15/1999
329 JDin, Still testing your premium indicator? I'm curious to know how it worfut_trade-11/15/1999
328 Peter, There are a lot out there, here is a recent e-mail I received from the JDinBaltimore-11/6/1999
327 SPY is now BID 138 1/2 on Instinet. fut_trade-11/5/1999
326 SPY is now BID 137 1/4 on Instinet. fut_trade-11/5/1999
325 SPX Futures up 15 points now. Must have been a good jobs report. That pennant sfut_trade-11/5/1999
324 Thanks for the info. I would probably not be able to take advantage of quick sfut_trade-11/5/1999
323 Peter, Thank you for responding, here is what I've found about the indicatJDinBaltimore-11/5/1999
322 I look at it like this (I'm no expert though). When there is good/bad news fut_trade-11/4/1999
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