SPY
SPDR S&P 500 ETF Trust
stock NYSE ETF

He is talking about SPY

You have so much overlap between your ETFs and individual stock. Because of their market cap they are very present in your SPY ETF, about 25% and doubly so in QQQ with about 35%. Of the 85K you have invested outside the individual stocks about 30% is still these companies.
If you want this, great, but if you don't, I would consider downsizing the individual stocks and getting more QQQ, SPY or as you mentioned VOO/VTI.

Ya until 16:15 on SPY

Hi All,
This is more of a vent post than anything but I just want to express my frustration interacting with BMO InvestorLine over the past week.
I am a long time holder of a non-registered BMO InvestorLine margin account. I have never actually used margin with the account but a margin is required to trade options, which I do use.
I have been wheeling SPY in this account (covered calls and cash secured puts) since February with no problems whatsoever. With the recent turnaround in equity markets, I wanted to get back into holding the ETF SSO (2x levered S&P500). I've held this ETF before and have generally had good experiences with it. However, rather than just purchase SSO directly, I thought I'd give writing cash-secured puts on it for a change. I figured I would be happy regardless of whether or not the options ultimately went ITM.
Anyways, despite me having more than enough cash (not margin) to cover the options going ITM, BMO would not approve any of my online orders for this trade (I tried a couple of times). I phoned them to figure out what was going on and was initially told that BMO doesn't support naked puts (which I explained that the trade didn't use). I was then asked if I would be depositing additional funds into my account (which I explained shouldn't be necessary because there were no circumstances where the trade would require margin).
I sent a follow-up email to BMO a bit later. In response, BMO stated that they don't support cash-secured puts. This makes no sense to me because I don't understand why InvestorLine would even provide users with the option to sell puts (which they do) if they don't support cash-secured puts (which apparently they don't even though I had successfully used them previously).
The truth is I can intuit what actually happened (SSO has a higher risk profile than SPY and therefore also a higher margin requirement if it were to be purchased on margin; this scrambled BMO's risk evaluation model when I tried to sell puts), but it's still frustrating getting a bunch of inconsistent and nonsensical explanations from BMO. It also doesn't particularly reassure me that whatever model BMO is using doesn't seem to be able to correctly evaluate the risk of a basic cash-secured put trade.

If SPY is down 6.7% on Monday, you are cordially invited to fuck my ass

Yeah, I’m sticking to indices from now on (SPY 0DTE obv😈). Or at least, I’m gonna make sure open interest is high AND bid-ask is tight on whatever option I choose next time.

Can I sell them to buy SPY calls? Pleaseee 

these SPY memes causing minor pump, calls it is

The irony is that the S&P is in a better place now points wise than it was on Jan 2nd.
I think in Europe it's always been pushed that wn All-World should be the case but I still think people in the US bang on a out their precious VOO or SPY a lot.
I'm still 100% in S&P, personally.

Following up on my AMA offer. I'm happy to share some technical insights about the CNN implementation I developed for SPY price prediction:
**Architecture Approach:**
- Implemented a custom multi-layer CNN directly on iOS without relying on traditional ML frameworks
- Designed with a specialized input layer that processes market data as 2D tensors with temporal and feature dimensions
- Utilized a novel feature extraction method that preserves critical pattern information while minimizing noise
**Data Processing:**
- Engineered a unique set of features derived from price action, volume profiles, and volatility metrics
- Developed custom normalization techniques to address the non-stationary nature of financial time series
- Implemented an adaptive sampling method to handle irregular market conditions
**Training Methodology:**
- Employed a modified loss function designed specifically for directional forecasting with price target objectives
- Used a specialized regularization approach to prevent overfitting to historical market regimes
- Training performed offline with results deployed to the on-device model
**Validation:**
- Model validated across multiple time periods including both bull and bear markets
- Maintained strict separation between training, validation, and test datasets
- The SPY prediction highlighted in the post was part of a forward-testing phase
**Performance Metrics:**
- Achieved a directional accuracy significantly above random (details available upon request)
- Prediction targets have a confidence scoring system that filters low-probability signals
- The model is selective about when it makes high-confidence predictions
**Technical Challenges Overcome:**
- Implemented efficient tensor operations directly on iOS
- Optimized for battery consumption and performance
- Developed a system for model updates that doesn't require app reinstallation
Happy to discuss more specific aspects of the implementation. For obvious reasons, I can't share the complete methodology or source code, but I'm open to discussing the technical approach at a conceptual level.

Good thing I bought UNH instead of SPY 

Yeah of course, but mostly trade SPY and also NQ futures. Try not to mix it up too much

The moodys downgrade for US debt has me itching for puts on SPY!

SPY will open at $610 on Monday 

Today I bought 6 0DTE SPXW 5950 Puts, which unfortunately expired OTM when SPX closed at 5958.38 today.
$964.08 down the drain I believed - but it's suddenly showing in my account in the middle of the night (around 1:26AM EST) that they're worth $40.30, and my account value is now showing \~24k higher than it was earlier in the afternoon at market close. I do spot the (ADJ) tagged onto the contract, but I don't know what it's trying to tell me.
I figure this is just a quirk of how Fidelity works at this hour (I see this on desktop website as well) and that if it's too good to be true, it probably is. I know there was a big dip in SPY afterhours due to news about Moody's downgrading US credit - but my understanding is that has nothing to do with SPX settlement pricing at expiration.
I'm ready for this 24k to disappear at some point between today and Monday, but a naive and hopeful part of me would love for this to be real.
What am I looking at here? Is it just a Fidelity thing, or do I misunderstand SPX settlement pricing?
Thanks!

!banbet SPY $300 1w

Trum p is going to flight to China and give Xi a lap dance. SPY will up 5% on Monday to ATH.

SPY will open green for sure

!banbet SPY -3.5% Monday

This has me feeling more bearish than anything I’ve seen, though I think theres a lot that could happen.
Some thoughts from my experience. I am a hardware engineer in San Francisco. AI really is hugely increasing productivity in certain areas. My output has gone up probably 30% using gen ai. For software engineers who know how to leverage it, it really is 50-100% productivity improvement. This makes me think certain industries are going to have a lot of power to grow. AI also reduces the barrier to starting a lot of projects because you can teach yourself tons of stuff really fast. I think (without a recession) we'll see a lot more entrepreneurship in the next 5 years than the previous 5 years because of AI.
The charts you shared indicates that consumer spending is going to tighten in the next year which will hurt a lot of companies. I'm considering rotating out of broad indexes (SPY) and going into a handful of stocks that I think will be less effected by US consumer spending. Any tech company based on ad revenue will suffer along with consumer goods. FWIW I also bought $10k worth of JPY recently as a bit of hedge/rainy day chunk.
I guess I think there is a chance that all these numbers ramp down slowly, especially if Trump abandons the trade war and we continue to see big productivity gains from AI. IDK though, I think consumer driven stocks will be taking a dip over the next 2 years.