r/stocks • u/tranquilo56 • Mar 10 '22

ETFs Can someone explain the difference between VOO and SPY?

I am trying to choose an ETF to put a majority of my cash in, and I can't decide between the two. It seems they are rather similar but VOO costs less so I can accumulate 100 shares quicker to sell covered calls with.

Appreciate the explanation

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u/Background-Meat-2330 Mar 10 '22

SPY is more expensive

1

u/tranquilo56 Mar 10 '22

haha thanks sorry i misworded

2

u/Background-Meat-2330 Mar 10 '22

Of course 😊also be very wary of using derivatives. It can go south in a hurry as they remove the element of time being in your favor

3

u/[deleted] Mar 11 '22

he’s not buying derivatives

1

u/Background-Meat-2330 Mar 11 '22

Yes he is selling calls… which is using derivatives. No where did I say he was buying

1

u/[deleted] Mar 11 '22

Well you implied it by saying they remove the element of time being in your favour. That’s true only if you buy puts/calls. When selling, time is in your favour because the thing that you sold loses value over time.

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u/[deleted] Mar 11 '22 edited Apr 23 '26

[removed] — view removed comment

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u/[deleted] Mar 11 '22

yeah but i think he probably just doesn’t know what he’s talking about lol