BIG MISTAKE: Are the Bears Trapped? (SPY Stock)
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No, the Bears are not trapped. SPY stock is an ETF, which tracks the S&P 500 index, and does not reflect the performance of any individual company. Additionally, the Bears (or “short sellers”) who bet against SPY stock do not physically hold the underlying shares that are traded. Therefore, the Bears cannot be “trapped” in the stock as they simply have no direct exposure to the underlying asset.
What is the price of SPY stock?
The price of SPY stock as of October 7, 2020 is 6.50 USD per share.
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