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Does it always decline like this on the quarterly dividend pay?
-----Original Message-----
From: ribau@xxxxxxxxxxx [mailto:ribau@xxxxxxxxxxx]
Sent: Friday, March 17, 2006 1:53 PM
To: omega-list@xxxxxxxxxx
Subject: Re: SPY on exp. day
The decline in price reflects the quarterly dividend SPY pays today, end of
June, Sept, and Dec.
>>I happened to look at SPY this morning-exp day. Gap down that was not
>>in the cash or the futures. Next I looked at QQQQ and DIA, they looked
>>pretty much the same as cash/futures. Next I looked at the last exp in
>>Dec. and SPY did same thing. I am no expert in Dep Receipts, ETF's
>>and the like ... this is very perplexing to me. Anyone know what is going
on?
>>
>>Thanks,
>>Chris
>>
>>
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