SPDR SP Stock Options

SPY Etf  USD 597.58  5.94  1.00%   
SPDR SP's latest option contracts expiring on April 30th 2025 are carrying combined implied volatility of 0.2 with a put-to-call open interest ratio of 0.85 over 266 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on April 30th 2025. The total put volume is at 2.4 K, with calls trading at the volume of 4.8 K. This yields a 0.51 put-to-call volume ratio.

Open Interest Against April 30th 2025 Option Contracts

SPDR SP option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in SPDR SP's lending market. For example, when SPDR SP's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on SPDR SP, he or she must hedge the risk by shorting SPDR SP stock over its option's life.
The chart above shows SPDR SP's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. SPDR SP's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for SPDR SP's option, there is no secondary market available for investors to trade.

SPDR SP Maximum Pain Price Across 2025-04-30 Option Contracts

Max pain occurs when SPDR SP's market makers reach a net positive position across all SPDR SP's options at a strike price where option holders stand to lose the most money. By contrast, SPDR SP's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on SPDR SP

Analyzing SPDR SP's in-the-money options over time can help investors to take a profitable long position in SPDR SP regardless of its overall volatility. This is especially true when SPDR SP's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money SPDR SP's options could be used as guardians of the underlying stock as they move almost dollar for dollar with SPDR SP's stock while costing only a fraction of its price.

SPDR SP 500 In The Money Call Balance

When SPDR SP's strike price is surpassing the current stock price, the option contract against SPDR SP 500 stock is said to be in the money. When it comes to buying SPDR SP's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on SPDR SP 500 are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

SPDR Current Options Market Mood

SPDR SP's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps SPDR Etf's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of SPDR SP's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. SPDR SP's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current SPDR contract

Base on the Rule 16, the options market is currently suggesting that SPDR SP 500 will have an average daily up or down price movement of about 0.0125% per day over the life of the 2025-04-30 option contract. With SPDR SP trading at USD 597.58, that is roughly USD 0.0747. If you think that the market is fully incorporating SPDR SP's daily price movement you should consider buying SPDR SP 500 options at the current volatility level of 0.2%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing SPDR SP options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" SPDR calls. Remember, the seller must deliver SPDR SP 500 stock to the call owner when a call is exercised.

SPDR SP Option Chain

When SPDR SP's strike price is surpassing the current stock price, the option contract against SPDR SP 500 stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
SPDR SP's option chain is a display of a range of information that helps investors for ways to trade options on SPDR. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SPDR. It also shows strike prices and maturity days for a SPDR SP against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
SPY250430C0037500014375.0225.3 - 228.54215.55In
Call
SPY250430C003800002380.0220.4 - 223.63214.82In
Call
SPY250430C003900001390.0210.59 - 213.82211.76In
Call
SPY250430C004000005400.0200.78 - 204.01181.53In
Call
SPY250430C004050002405.0195.88 - 199.11191.09In
Call
SPY250430C004100002410.0190.98 - 194.21193.34In
Call
SPY250430C004150001415.0186.09 - 189.32182.16In
Call
SPY250430C004200003420.0181.19 - 184.42176.61In
Call
SPY250430C004300002430.0171.41 - 174.64168.3In
Call
SPY250430C0043500068435.0166.53 - 169.76159.87In
Call
SPY250430C004400002440.0161.65 - 164.88155.92In
Call
SPY250430C004450004445.0156.77 - 160.0152.2In
Call
SPY250430C004500003450.0151.89 - 155.12139.98In
Call
SPY250430C004550003455.0147.03 - 150.26144.66In
Call
SPY250430C004600006460.0142.17 - 145.4138.31In
Call
SPY250430C0046500020465.0137.31 - 140.54133.47In
Call
SPY250430C004700005470.0132.47 - 135.7129.41In
Call
SPY250430C004750007475.0127.63 - 130.86125.74In
Call
SPY250430C004800006480.0122.8 - 126.03110.71In
Call
SPY250430C004850008485.0117.98 - 121.21103.82In
Call
SPY250430C0049000029490.0113.18 - 116.41107.8In
Call
SPY250430C0049500015495.0108.39 - 111.62110.64In
Call
SPY250430C0050000032500.0103.6 - 106.84101.4In
Call
SPY250430C0050500058505.098.84 - 102.0896.28In
Call
SPY250430C0051000018510.094.1 - 97.3496.6In
Call
SPY250430C0051500013515.089.38 - 92.6287.3In
Call
SPY250430C0052000045520.084.69 - 87.9386.92In
Call
SPY250430C0052500021525.080.01 - 83.2682.28In
Call
SPY250430C005260004526.079.08 - 82.3381.31In
Call
SPY250430C005270003527.078.15 - 81.475.22In
Call
SPY250430C005280004528.077.23 - 80.4774.29In
Call
SPY250430C005290002529.076.3 - 79.5573.43In
Call
SPY250430C0053000024530.075.38 - 78.6277.97In
Call
SPY250430C005310004531.074.45 - 77.771.48In
Call
SPY250430C0053200012532.073.53 - 76.7776.06In
Call
SPY250430C005330007533.072.61 - 75.8569.28In
Call
SPY250430C0053400018534.071.69 - 74.9469.08In
Call
SPY250430C0053500093535.070.77 - 74.0273.25In
Call
SPY250430C0053600020536.069.85 - 73.172.39In
Call
SPY250430C0053700022537.068.94 - 72.1966.05In
Call
SPY250430C0053800011538.068.02 - 71.2765.23In
Call
SPY250430C0053900029539.067.11 - 70.3663.29In
Call
SPY250430C00540000133540.066.2 - 69.4568.86In
Call
SPY250430C0054100028541.065.29 - 68.5462.22In
Call
SPY250430C0054200035542.064.38 - 67.6362.19In
Call
SPY250430C0054300047543.063.48 - 66.7359.75In
Call
SPY250430C0054400029544.062.57 - 65.8359.57In
Call
SPY250430C0054500034545.061.67 - 64.9264.09In
Call
SPY250430C0054600053546.060.77 - 64.0358.6In
Call
SPY250430C0054700060547.059.87 - 63.1362.88In
Call
SPY250430C0054800065548.058.98 - 62.2356.06In
Call
SPY250430C0054900072549.058.08 - 61.3455.18In
Call
SPY250430C00550000146550.057.19 - 60.4559.48In
Call
SPY250430C0055100062551.056.3 - 59.5753.83In
Call
SPY250430C00552000128552.055.42 - 58.6853.34In
Call
SPY250430C0055300069553.054.53 - 57.852.82In
Call
SPY250430C00554000100554.054.86 - 56.4241.02In
Call
SPY250430C00555000134555.053.96 - 55.5455.35In
Call
SPY250430C00556000115556.053.09 - 54.7840.55In
Call
SPY250430C00557000101557.052.21 - 53.8749.58In
Call
SPY250430C0055800076558.050.14 - 53.4148.31In
Call
SPY250430C0055900071559.049.27 - 52.5452.13In
Call
SPY250430C00560000217560.049.67 - 50.0250.98In
Call
SPY250430C0056100042561.047.54 - 50.8145.9In
Call
SPY250430C0056200083562.047.95 - 48.2849.55In
Call
SPY250430C0056300054563.045.82 - 49.143.32In
Call
SPY250430C0056400065564.044.96 - 48.2442.76In
Call
SPY250430C00565000175565.045.39 - 45.6646.13In
Call
SPY250430C0056600022566.043.26 - 46.5541.09In
Call
SPY250430C00567000170567.043.7 - 44.0847.02In
Call
SPY250430C00568000130568.042.8 - 44.2536.81In
Call
SPY250430C00569000359569.042.03 - 42.4441.95In
Call
SPY250430C005700002750570.041.2 - 41.5640.6In
Call
SPY250430C0057100025571.039.07 - 42.3636.94In
Call
SPY250430C0057200029572.038.25 - 41.5435.93In
Call
SPY250430C0057300026573.037.42 - 40.7235.48In
Call
SPY250430C0057400031574.036.6 - 39.934.4In
Call
SPY250430C00575000397575.037.12 - 37.4336.9In
Call
SPY250430C0057600038576.034.98 - 38.2835.38In
Call
SPY250430C00577000269577.035.5 - 35.8630.86In
Call
SPY250430C00578000737578.034.7 - 35.135.6In
Call
SPY250430C00579000187579.033.91 - 34.2730.82In
Call
SPY250430C00580000923580.033.16 - 33.2534.0In
Call
SPY250430C00581000158581.032.38 - 32.4733.22In
Call
SPY250430C00582000279582.031.61 - 31.732.0In
Call
SPY250430C00583000493583.030.84 - 30.9331.55In
Call
SPY250430C00584000153584.030.08 - 30.1631.13In
Call
SPY250430C00585000733585.029.32 - 29.4130.0In
Call
SPY250430C00586000345586.028.57 - 28.6529.77In
Call
SPY250430C00587000219587.027.83 - 27.9124.0In
Call
SPY250430C00588000616588.027.09 - 27.1727.81In
Call
SPY250430C00589000190589.026.36 - 26.4427.24In
Call
SPY250430C00590000713590.025.64 - 25.7226.32In
Call
SPY250430C00591000456591.024.93 - 25.025.24In
Call
SPY250430C00592000484592.024.22 - 24.2924.53In
Call
SPY250430C00593000226593.023.52 - 23.5923.64In
Call
SPY250430C0059400069594.022.83 - 22.8923.68In
Call
SPY250430C00595000506595.022.15 - 22.2122.78Out
Call
SPY250430C0059600049596.021.47 - 21.5322.16Out
Call
SPY250430C0059700068597.020.8 - 20.8721.06Out
Call
SPY250430C00598000188598.020.15 - 20.2120.27Out
Call
SPY250430C00599000135599.019.5 - 19.5619.55Out
Call
SPY250430C006000003673600.018.86 - 18.9219.03Out
Call
SPY250430C00601000479601.018.23 - 18.2918.84Out
Call
SPY250430C00602000125602.017.61 - 17.6718.48Out
Call
SPY250430C0060300097603.017.0 - 17.0617.52Out
Call
SPY250430C00604000123604.016.4 - 16.4617.28Out
Call
SPY250430C006050004096605.015.81 - 15.8716.33Out
Call
SPY250430C00606000229606.015.23 - 15.315.41Out
Call
SPY250430C00607000202607.014.66 - 14.7315.73Out
Call
SPY250430C00608000443608.014.11 - 14.1714.56Out
Call
SPY250430C006090001700609.013.57 - 13.6313.65Out
Call
SPY250430C00610000460610.013.03 - 13.113.14Out
Call
SPY250430C00611000123611.012.51 - 12.5813.31Out
Call
SPY250430C00612000135612.012.01 - 12.0712.87Out
Call
SPY250430C006150005687615.010.56 - 10.6210.67Out
Call
SPY250430C006200005271620.08.41 - 8.468.47Out
Call
SPY250430C006250006368625.06.58 - 6.646.74Out
Call
SPY250430C006300005328630.05.08 - 5.135.14Out
Call
SPY250430C00635000807635.03.87 - 3.914.05Out
Call
SPY250430C006400002195640.02.91 - 2.952.93Out
Call
SPY250430C00645000855645.02.16 - 2.192.2Out
Call
SPY250430C006500001347650.01.59 - 1.621.6Out
Call
SPY250430C00655000237655.01.17 - 1.191.31Out
Call
SPY250430C00660000555660.00.85 - 0.870.91Out
Call
SPY250430C00665000190665.00.63 - 0.650.68Out
Call
SPY250430C006700002192670.00.46 - 0.480.51Out
Call
SPY250430C006750004189675.00.35 - 0.370.35Out
Call
SPY250430C006800004673680.00.27 - 0.280.3Out
Call
SPY250430C006850005062685.00.21 - 0.220.22Out
Call
SPY250430C00690000443690.00.16 - 0.180.12Out
Call
SPY250430C0069500068695.00.13 - 0.150.1Out
Call
SPY250430C007000001828700.00.11 - 0.130.13Out
Call
SPY250430C0070500034705.00.09 - 0.110.07Out
Call
SPY250430C00710000658710.00.08 - 0.090.09Out
 Put
SPY250430P003750002390375.00.63 - 0.650.61Out
 Put
SPY250430P00380000265380.00.66 - 0.680.63Out
 Put
SPY250430P0038500089385.00.69 - 0.710.66Out
 Put
SPY250430P0039000088390.00.72 - 0.740.68Out
 Put
SPY250430P0039500050395.00.76 - 0.780.71Out
 Put
SPY250430P00400000935400.00.79 - 0.810.78Out
 Put
SPY250430P0040500049405.00.83 - 0.851.04Out
 Put
SPY250430P0041000095410.00.87 - 0.891.26Out
 Put
SPY250430P00415000193415.00.91 - 0.930.9Out
 Put
SPY250430P0042000095420.00.96 - 0.970.91Out
 Put
SPY250430P0042500030425.01.0 - 1.020.96Out
 Put
SPY250430P00430000224430.01.05 - 1.071.02Out
 Put
SPY250430P0043500024435.01.1 - 1.121.09Out
 Put
SPY250430P00440000341440.01.16 - 1.181.16Out
 Put
SPY250430P0044500039445.01.23 - 1.241.18Out
 Put
SPY250430P004500001525450.01.29 - 1.311.23Out
 Put
SPY250430P00455000108455.01.36 - 1.382.02Out
 Put
SPY250430P00460000286460.01.44 - 1.451.39Out
 Put
SPY250430P00465000868465.01.52 - 1.541.46Out
 Put
SPY250430P00470000943470.01.61 - 1.631.52Out
 Put
SPY250430P0047500066475.01.72 - 1.731.62Out
 Put
SPY250430P00480000347480.01.83 - 1.841.8Out
 Put
SPY250430P00485000585485.01.95 - 1.971.92Out
 Put
SPY250430P00490000157490.02.09 - 2.112.04Out
 Put
SPY250430P0049500047495.02.24 - 2.262.19Out
 Put
SPY250430P00500000946500.02.4 - 2.422.34Out
 Put
SPY250430P00505000179505.02.59 - 2.612.53Out
 Put
SPY250430P005100002536510.02.79 - 2.822.73Out
 Put
SPY250430P00515000810515.03.01 - 3.043.01Out
 Put
SPY250430P00520000949520.03.26 - 3.293.27Out
 Put
SPY250430P005250006865525.03.54 - 3.573.47Out
 Put
SPY250430P0052600041526.03.59 - 3.645.38Out
 Put
SPY250430P00527000102527.03.66 - 3.75.56Out
 Put
SPY250430P00528000950528.03.72 - 3.763.76Out
 Put
SPY250430P0052900032529.03.78 - 3.823.58Out
 Put
SPY250430P00530000720530.03.85 - 3.893.75Out
 Put
SPY250430P00531000514531.03.91 - 3.957.82Out
 Put
SPY250430P0053200035532.03.98 - 4.023.96Out
 Put
SPY250430P0053300024533.04.05 - 4.093.91Out
 Put
SPY250430P0053400011534.04.12 - 4.164.04Out
 Put
SPY250430P00535000670535.04.19 - 4.234.0Out
 Put
SPY250430P00536000830536.04.26 - 4.314.68Out
 Put
SPY250430P005370008537.04.34 - 4.384.57Out
 Put
SPY250430P0053800033538.04.41 - 4.467.45Out
 Put
SPY250430P005390008539.04.49 - 4.544.87Out
 Put
SPY250430P00540000438540.04.57 - 4.624.47Out
 Put
SPY250430P005410009541.04.65 - 4.79.0Out
 Put
SPY250430P005420006542.04.74 - 4.785.53Out
 Put
SPY250430P00543000592543.04.83 - 4.879.34Out
 Put
SPY250430P0054400090544.04.91 - 4.966.92Out
 Put
SPY250430P00545000659545.05.0 - 5.054.85Out
 Put
SPY250430P005460002546.05.09 - 5.145.03Out
 Put
SPY250430P00547000363547.05.19 - 5.246.13Out
 Put
SPY250430P0054800024548.05.28 - 5.335.02Out
 Put
SPY250430P0054900022549.05.38 - 5.435.26Out
 Put
SPY250430P005500002602550.05.48 - 5.535.35Out
 Put
SPY250430P005510001223551.05.59 - 5.636.08Out
 Put
SPY250430P005520001804552.05.69 - 5.746.15Out
 Put
SPY250430P00553000677553.05.8 - 5.855.48Out
 Put
SPY250430P00554000686554.05.91 - 5.969.35Out
 Put
SPY250430P00555000981555.06.02 - 6.075.77Out
 Put
SPY250430P005560004556.06.13 - 6.196.09Out
 Put
SPY250430P00557000651557.06.26 - 6.316.97Out
 Put
SPY250430P005580001149558.06.38 - 6.436.25Out
 Put
SPY250430P0055900016559.06.5 - 6.557.17Out
 Put
SPY250430P00560000405560.06.63 - 6.687.66Out
 Put
SPY250430P005610002108561.06.76 - 6.816.44Out
 Put
SPY250430P0056200031562.06.89 - 6.956.9Out
 Put
SPY250430P005630006563.07.03 - 7.0810.99Out
 Put
SPY250430P0056400013564.07.17 - 7.227.17Out
 Put
SPY250430P005650001328565.07.32 - 7.376.98Out
 Put
SPY250430P005660004566.07.46 - 7.527.09Out
 Put
SPY250430P00567000719567.07.62 - 7.678.34Out
 Put
SPY250430P00568000659568.07.78 - 7.827.43Out
 Put
SPY250430P00569000889569.07.94 - 7.987.91Out
 Put
SPY250430P005700001282570.08.1 - 8.157.86Out
 Put
SPY250430P0057100033571.08.26 - 8.3210.31Out
 Put
SPY250430P0057200083572.08.43 - 8.498.5Out
 Put
SPY250430P00573000818573.08.61 - 8.678.6Out
 Put
SPY250430P0057400068574.08.79 - 8.858.47Out
 Put
SPY250430P00575000598575.08.99 - 9.048.72Out
 Put
SPY250430P00576000589576.09.17 - 9.239.04Out
 Put
SPY250430P00577000623577.09.37 - 9.439.19Out
 Put
SPY250430P0057800034578.09.57 - 9.639.24Out
 Put
SPY250430P00579000110579.09.78 - 9.849.4Out
 Put
SPY250430P005800002695580.09.99 - 10.0610.02Out
 Put
SPY250430P005810001223581.010.21 - 10.289.93Out
 Put
SPY250430P0058200044582.010.44 - 10.510.2Out
 Put
SPY250430P00583000179583.010.67 - 10.7410.48Out
 Put
SPY250430P00584000101584.010.91 - 10.9810.36Out
 Put
SPY250430P00585000682585.011.15 - 11.2210.77Out
 Put
SPY250430P00586000112586.011.4 - 11.4711.34Out
 Put
SPY250430P00587000487587.011.66 - 11.7313.56Out
 Put
SPY250430P00588000934588.011.93 - 12.011.68Out
 Put
SPY250430P00589000883589.012.2 - 12.2812.1Out
 Put
SPY250430P005900002248590.012.49 - 12.5612.09Out
 Put
SPY250430P00591000179591.012.78 - 12.8512.64Out
 Put
SPY250430P00592000284592.013.07 - 13.1512.72Out
 Put
SPY250430P00593000135593.013.38 - 13.4513.38Out
 Put
SPY250430P00594000152594.013.7 - 13.7813.33Out
 Put
SPY250430P005950001209595.014.02 - 14.113.53Out
 Put
SPY250430P0059600098596.014.36 - 14.4313.76Out
 Put
SPY250430P00597000512597.014.71 - 14.7814.2Out
 Put
SPY250430P00598000148598.015.06 - 15.1514.6Out
 Put
SPY250430P0059900061599.015.43 - 15.5115.34Out
 Put
SPY250430P006000001221600.015.8 - 15.8915.58Out
 Put
SPY250430P00601000120601.016.19 - 16.2726.9In
 Put
SPY250430P00602000100602.016.59 - 16.6716.18In
 Put
SPY250430P0060300049603.017.0 - 17.0916.51In
 Put
SPY250430P0060400034604.017.42 - 17.5116.9In
 Put
SPY250430P00605000248605.017.85 - 17.9417.13In
 Put
SPY250430P0060600042606.018.3 - 18.3927.9In
 Put
SPY250430P0060700038607.018.76 - 18.8530.69In
 Put
SPY250430P0060800048608.019.23 - 19.3226.0In
 Put
SPY250430P0060900030609.017.88 - 19.9818.08In
 Put
SPY250430P00610000235610.018.54 - 21.8719.55In
 Put
SPY250430P0061100051611.018.97 - 22.3826.06In
 Put
SPY250430P0061200021612.019.45 - 22.938.1In
 Put
SPY250430P0061500077615.021.11 - 24.5622.3In
 Put
SPY250430P00620000200620.024.22 - 27.6525.1In
 Put
SPY250430P006250006625.027.75 - 30.8329.0In
 Put
SPY250430P006650000665.065.84 - 69.0665.84In
 Put
SPY250430P006700000670.070.84 - 74.0792.49In
 Put
SPY250430P006750000675.075.84 - 79.0675.84In
 Put
SPY250430P006800000680.080.84 - 84.0680.84In
 Put
SPY250430P006850000685.085.84 - 89.0785.84In
 Put
SPY250430P006900000690.090.84 - 94.0690.84In
 Put
SPY250430P006950000695.095.84 - 99.0895.84In
 Put
SPY250430P007000000700.0100.84 - 104.06100.84In
 Put
SPY250430P007050000705.0105.84 - 109.09105.84In
 Put
SPY250430P007100000710.0110.84 - 114.09110.84In

When determining whether SPDR SP 500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR SP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Sp 500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Sp 500 Etf:
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The market value of SPDR SP 500 is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR SP's market value can be influenced by many factors that don't directly affect SPDR SP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.