The Complete Guide To Understanding $SPY
How to use @unusual_whales to trade SPY strategy
✅What is it?
✅ What does it do?
✅ How can I trade it?
How to use @unusual_whales to trade SPY strategy
✅What is it?
✅ What does it do?
✅ How can I trade it?
What Is The $SPY?
The SPDR S&P 500 ETF Trust, also known as the SPY ETF, is one of the most popular funds that aims to track the Standard & Poor’s (S&P) 500 index, which comprises 500 large-cap and midcap U.S. stocks.
The SPDR S&P 500 ETF Trust, also known as the SPY ETF, is one of the most popular funds that aims to track the Standard & Poor’s (S&P) 500 index, which comprises 500 large-cap and midcap U.S. stocks.
SPY was the first index exchange-traded fund (ETF) and fully replicates the index at a price target of 10% of the S&P 500.
Its top 10 holdings are heavily weighted in tech companies such as Apple, Microsoft, and Amazon. Approximately 1/4 of the SPY is invested in the tech sector.
Its top 10 holdings are heavily weighted in tech companies such as Apple, Microsoft, and Amazon. Approximately 1/4 of the SPY is invested in the tech sector.
The S&P 500 serves as one of the main benchmarks of the U.S. equity market and indicates the financial health and stability of the economy.
The SPY is a well-diversified basket of assets, which allocates its holdings across multiple sectors, the top five listed below as of January 2022:
TOP TEN HOLDINGS $SPY
What IS $SPY's Performance?
SPY has generated an average 3 year return of 20.19% as of Nov. 2021. Based on trailing 10-year data, the funds average annual returns of 16.01%. Since the inception of the SPDR S&P 500 ETF Trust, the fund achieved average annual returns of 10.50%.
SPY has generated an average 3 year return of 20.19% as of Nov. 2021. Based on trailing 10-year data, the funds average annual returns of 16.01%. Since the inception of the SPDR S&P 500 ETF Trust, the fund achieved average annual returns of 10.50%.
How Can We Use @unusual_whales to trade SPY?
We now know SPY is heavily weighted with these tickers: $AAPL $MSFT $AMZN $TSLA $GOOG $FB and $NVDA
By following the flow and the movement of these we can find out the direction of SPY and make a trade plan.
We now know SPY is heavily weighted with these tickers: $AAPL $MSFT $AMZN $TSLA $GOOG $FB and $NVDA
By following the flow and the movement of these we can find out the direction of SPY and make a trade plan.
First I go to unusualwhales.com and click on "Hot Chains" circled in red. From here I can find the chains with the highest volume. This shows me what people are buying and the put to call volumes.
Now I'll look for any Top Ten $SPY holdings. Lets use $AAPL here.
Now I'll look for any Top Ten $SPY holdings. Lets use $AAPL here.
After you clicked on $AAPL it will bring you to this page. What we're looking for will be on the analyst page highlighted in red.
The analyst page gives you charting tools to volume changes to price targets.
What Im looking at the most is "Active Chains" and Biggest option trades.
I want to find out what people are buying the most. This will help me gauge if there is Bullish or Bearish sentiment.
What Im looking at the most is "Active Chains" and Biggest option trades.
I want to find out what people are buying the most. This will help me gauge if there is Bullish or Bearish sentiment.
From here I will repeat the process of all top ten tickers of SPY. If I can see the flow and get a good gauge on where these are headed I can always create a solid trade plan for SPY.
Using @unusual_whales and trading $SPY successfully go hand in hand.
Using @unusual_whales and trading $SPY successfully go hand in hand.
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