I reviewed the spread on the SPDR S&P 500 ETF Trust (NYSE:) yesterday. The white bars represent yesterday’s data, and the comparison is against the 180-day historical average. The spreads are noticeably higher than normal.
We’ve observed this widening of spreads multiple times with SPY.
It wouldn’t be surprising to see the spreads slightly wider again yesterday. Yesterday, spreads were around two cents, and yesterday they traded mostly in the one-and-a-half to two-cent range, which is above the norm.
Looking at the 20-day historical average, this is about where we’ve been recently. So, spreads are likely to remain around where they were yesterday or maybe just slightly lower, but for the most part, they’re consistent with recent averages.
I’ll discuss everything in detail in the video below.