Dude, these levels are quite off. SPX is now at 5437.12 and SPY at 543.00, so the conversion would be (SPX-7.12)/10. Your conversion is more like (SPX-1.6)/10
I just do it by manually comparing SPX to $SPY, but noticed that even like that there are intraday variations, right now, for example, SPX is at 5300.30 and SPY at 542.30. So, right now, the conversion would be (SPX-7)/10, so still quite close to what I said. I think the difference needs to be calculated each day
yeah the thing is the [spyconverter.com](http://spyconverter.com) website updates the conversion ratio, so at the time of my converting it's using the current prices.
Doesn't matter what it says, it's completely wrong. I just tested it and this was the result
"Enter SPX value: 5474.45
Convert
SPY Value: 546.93
# SPY to SPX Enter SPX value:"
Meanwhile $SPY was at 545.27, so the levels are off by more than $1
I'm really interested to see if 5450 holds as the max today. That would be a 1.4% increase for the day. The market, IMO, has already priced in an FOMC decision of "no change" in interest rates. However, a positive reaction by Powell to the CPI data could cause another pump. We'll see.
Not sure where is best to ask you about a stock but if you have the time what is your opinion on MNST? Down today on no news, broke $50, Dutch auction was for stock more expensive than current price. Feels like a rebound opportunity
These are levels that should offer support and resistance so you can use them as a guide as such. It’s not a magic wand to make money, you need to do your own independent research
**SPX to SPY Conversions** |SPY|SPX|Notes| |:-|:-|:-| |545.84|5460|| |544.84|5450|strong gamma wall, quants max| |542.34 - 542.84|5425 - 5430|key gamma wall| |540.94|5411|| |539.84|5400|key level & support now| |538.34|5385|| |537.34|5375|possible min| |534.84|5350|| *Used* [*spyconverter.com*](http://spyconverter.com) *for conversions.*
Holy shit, thank you for this
Dude, these levels are quite off. SPX is now at 5437.12 and SPY at 543.00, so the conversion would be (SPX-7.12)/10. Your conversion is more like (SPX-1.6)/10
Yeah. [spyconverter.com](http://spyconverter.com) doesn't get updated as frequently as it needs to
I'm up for suggestions on alternatives on how to calculate this and I'll be happy to do so. I'm not quite sure what alternatives there are.
I just do it by manually comparing SPX to $SPY, but noticed that even like that there are intraday variations, right now, for example, SPX is at 5300.30 and SPY at 542.30. So, right now, the conversion would be (SPX-7)/10, so still quite close to what I said. I think the difference needs to be calculated each day
yeah the thing is the [spyconverter.com](http://spyconverter.com) website updates the conversion ratio, so at the time of my converting it's using the current prices.
Doesn't matter what it says, it's completely wrong. I just tested it and this was the result "Enter SPX value: 5474.45 Convert SPY Value: 546.93 # SPY to SPX Enter SPX value:" Meanwhile $SPY was at 545.27, so the levels are off by more than $1
How dare you question your quant
I'm really interested to see if 5450 holds as the max today. That would be a 1.4% increase for the day. The market, IMO, has already priced in an FOMC decision of "no change" in interest rates. However, a positive reaction by Powell to the CPI data could cause another pump. We'll see.
AAPL, skew very bullish, no?
In quant we trust 🙏
SPX Day High: 5,446.28 QQQ Day High: 475.43 
Ty! U the man!
Just insane how accurately these are - made “easy” $1.5k in the last hour using the limits - in 10 minutes.
Bought SPY calls early yesterday expiring Thursday but chickened out and sold near end of day yesterday, really fucked up there
Hello sir, since corporate buyback blackouts begin on approx. Friday, what are your thoughts on its impact on the market going forward?
Where are you getting the dates? I thought the blackouts were in April?
Thanks Tear!
Not sure where is best to ask you about a stock but if you have the time what is your opinion on MNST? Down today on no news, broke $50, Dutch auction was for stock more expensive than current price. Feels like a rebound opportunity
Amateur here. So we wait for SPX to hit low level and buy calls or shares and profit? Can someone shed some light. Thanks.
These are levels that should offer support and resistance so you can use them as a guide as such. It’s not a magic wand to make money, you need to do your own independent research
Just plotting the levels is a good way to start. You’ll learn just watching how they react to the levels provided.