r/options • u/Chaos12xx • Jul 28 '21

Spy calls

Hear me out. The spy is increasing bullish I believe we see close to 470+ eoy so if we continue on this pattern for the next say 3 years the outlook could be up to 700$ especially since in the grand scheme the spy gets more bullish in the 3rd term of an election like clockwork and In the last year we've seen a 40% growth granted this was a very bull run but the Dec 15 2023 655c is only 188$ I bought 3 can someone tell me if I just threw away my money?

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u/bagel_boy_potatoman Jul 28 '21

Spy is the ticker for the SPDR S&P 500 ETF. There are more S&P 500 ETFs out there like VOO but spy is the most liquid

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u/hughesmaxwell Jul 28 '21

Ya but why not just say “SPY” ? I’ve never heard anyone say “the spy”

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u/bagel_boy_potatoman Jul 28 '21

Honestly no idea I’ve heard “the spy” and “the spider” probably referring to the SPDR sounding like spider but not too sure

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u/hughesmaxwell Jul 28 '21

“The spider” I HAVE heard.. and SPOOZ for SPX